Remove Design Remove Development Remove Market Value Remove Renovations
article thumbnail

What Kind of Appraisal Support Do You Want?

Cleveland Appraisal Blog

Or I could go to a store that specializes in running shoes and purchase shoes that are more expensive but clearly designed for the rigors of running. The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. The market value is what it is.

Appraisal 221
article thumbnail

Fixer Uppers 101

Lamacchia Realty

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. How Much Time Do They Take to Renovate?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Renovation loan assessments. Functionality of design and layout. Estate settlements.

Appraisal 105
article thumbnail

Decoding a Commercial Appraisal: Insider Insights

AmeriMac

Lenders and investors also rely on commercial appraisals to assess the value of a property before providing financing or making investment decisions. The appraisal serves as a critical factor in determining the loan amount or investment potential, ensuring that the transaction aligns with fair market value.

article thumbnail

Three Types of Commercial Real Estate Obsolescence

Property Metrics

Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

article thumbnail

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

The Robert Weiler Company

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The data is then analyzed and used to develop opinions of value. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller.

article thumbnail

How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Assembling your comparative market analysis I usually develop a report that is broken out into five sections, outlined below. Professionally designed templates.

Marketing 397