Remove Contracts Remove Development Remove Market Value Remove Real Property
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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. When should we analyze the contract? Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion.

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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. A good lawyer will see them coming.

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches.

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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. Technical specifications – for all stakeholders, but especially for organizations that will develop the new appraisal report (e.g., percent from 6.48

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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

It’s also the appraiser’s job to develop an opinion on a home’s fair market value, and just because the buyer and seller have agreed on a price doesn’t mean that’s the true value of the property, said Francois Gregoire, broker, appraiser, instructor, and president of Gregoire & Gregoire Inc.,

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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. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. When a property has longer term leases in place, even at market rates and terms, the interest appraised is typically leased fee. Clarify What Value or Values are Needed.