Remove Contracts Remove Legal Remove Market Value Remove Retail
article thumbnail

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

Eppraisal

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. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

article thumbnail

Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. percent from 7.13 percent from 7.40

Insiders

Sign Up for our Newsletter

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

article thumbnail

The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

It could take the form of mixed-use real estate, an apartment building, office building, shopping center or retail building, industrial property for sale, and more. The two main reasons behind obtaining a commercial real estate appraisal are buying and selling commercial property and legal governance. o Federal Housing Authority (FHA).

article thumbnail

USPAP Myths for Appraisers

Appraisal Today

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. You’ll learn key ways to work on eliminating bias and reduce your legal risk. Legal topics are very popular with appraisers. percent from 6.71 percent from 6.85

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?

article thumbnail

Appraising Historical Homes

Appraisal Today

Many downtown mixed-use buildings (retail and apartments) are in my city. Get the relevant date of value from the client or client’s attorney. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” percent from 6.80 percent from 6.88

article thumbnail

The Power of Praise for Appraisers and Clients 3-24-23

Appraisal Today

Get the relevant date of value from the client or the client’s attorney. The date of value can be a legal issue, and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). percent from 6.71 percent from 6.39

Clients 52