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Loosening The Knot

Appraisal Buzz

It is the work of a therapist and their client to carefully untie those knots. Of course, this applies to the work of real estate appraisal as well. The transaction is a complex interplay between buyer and seller. Consider this in the context of analyzing a potential comparable sale transaction.

Sellers 379
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How to reduce appraisal turn times and improve the borrower experience

Housing Wire

This allows for a more objective analysis and better compliance, and often translates to a more efficient process with faster turn times, which allows buyers and sellers to transfer real property more cost effectively and with confidence. HW: What are some of the current challenges regarding property tax assessment?

Appraisal 391
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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Conversely, an underimproved property might be lacking in amenities that most buyers expect to see. How about underimproved? What do these things indicate?

Appraisal 284
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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

As shocking as it may be, commercial real estate appraisal reviews are required for the following reasons: The conclusion of the original CRE appraisal is in contention. The obligation to the client isn’t met. It isn’t clear who owns the appraised property. City or federally owned property is being evaluated.

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Business components in special purpose properties are often referred to as “intangibles.” Second generation use.

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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

Don’t tell the appraiser your client needs a certain value, for example. a residential real estate appraisal firm based in St. The appraiser has a scope of work for every lender client, which differs depending on the mortgage product, said Bradley. For example, you may have heard of “drive-by appraisals.”

Agents 78
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What Is a Reconciled Value?

Cleveland Appraisal Blog

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Let me give you a real-world example. 10 Tips to Avoid a Low Valuation – Lori Lovely with HomeLight.