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The Necessity of a Commercial Engagement Letter

Dart Appraisal

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Vacant land, retail, industrial, multi-family, etc. . Planned renovations? Proposed construction, and if so, is a Prospective Value scenario appropriate? .

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Why Appraisal Workfiles Are Important

Appraisal Today

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers should consider the potential impact, especially in markets with significant new construction. baths, 6,263 square feet, 2.23

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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? No detail has been spared in this thoughtful renovation, from the custom three-story open square-nosed European tread lightwell staircase to the wide plank Stuga white oak flooring, to the dramatic designer lighting fixtures throughout. I sometimes see low sales for various reasons.

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Appraiser Has Very Big Problems With Borrower

Appraisal Today

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

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2024 USPAP Changes Clarify Nondiscrimination

Appraisal Today

The vast majority of complaints (but not all) stem from an appraisal that comes in below the contract price or the targeted refinance “number” where the homeowner, or even the buyer, identifies as part of a minority racial or ethnic group. Care was taken to move as little earth as possible during construction. percent from 7.90

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What Appraisers Wish Real Estate Agents Understood

Appraisal Today

In my city, a commercial building constructed of shipping containers was proposed for a long-vacant site at the primary access to the city’s historic shopping street. A standard commercial building was constructed. == HOW TO USE THE NUMBERS BELOW. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.85

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Eleven Types of Risk in Commercial Real Estate

Property Metrics

What is a prime location for office and retail space today may be empty 20 years from now. If corporations suddenly start allowing a large percentage of workers to engage in remote working contracts, the market demand for office space will dramatically decrease from previous forecasts. Construction Risk.