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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started.

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Gross Living Area Discrepancies with Public Data May Differ and How They Occur

Boston Appraisal

Appraisers are often tasked with providing valuations for properties that can be very different from one another. Everything from the number of bedrooms to the quality of the construction. However, in order to provide credible valuations, appraisers often have to find an objective basis for comparison.

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Gross Living Area Discrepancies with Public Data May Differ and How They Occur

Boston Appraisal

Appraisers are often tasked with providing valuations for properties that can be very different from one another. Everything from the number of bedrooms to the quality of the construction. However, in order to provide credible valuations, appraisers often have to find an objective basis for comparison.

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Why Appraisal Workfiles Are Important

Appraisal Today

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Lanham, 20/20 Valuations, and loanDepot.com, U.S. District Court, Maryland. built in 1825 Excerpts: 8 bedrooms, 5.5+ baths, 6,263 square feet, 2.23

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To Desktop or Not to Desktop, That is The Question

DW Slater Company

Here is a good reference from FNMA & Freddie Mac: URAR Hybrid and Desktop Appraisal Forms. INvision Capture – This tool from Class Valuation provides a floor plan and sketch to ANSI standards. The appraiser may be able to use remote tools to view or sketch the property. Ineligible Transactions.

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Eleven Types of Risk in Commercial Real Estate

Property Metrics

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations. Space market risk refers to the probability that those expectations are incorrect.