article thumbnail

Top 6 Commercial Appraisal FAQ’s

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

article thumbnail

What Is a Reconciled Value?

Cleveland Appraisal Blog

Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must : (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) I also had good data for the construction cost (replacement cost).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Your Property Need to Be Jacked Up?

Cleveland Appraisal Blog

I hope you enjoy these also… In the zone: Archaic zoning regulations can hamper construction of new infill housing – Douglas J. For my readers in the CLE area… here are some articles related to news in our local area. Guth of Fresh Water Cleveland.

Appraisal 243
article thumbnail

6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

article thumbnail

Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417
article thumbnail

What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their real property. For further information, the Ohio Revised Code – Chapter 5313 provides requirements and other pertinent information on land installment contracts regarding real property in Ohio.

Contracts 143
article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Defining the Appraisal Scope of Work.