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Role Play: Appraisers and their Intended Uses

Appraisal Buzz

The changes we’re seeing in our industry today and in the forms investors are requiring lenders to use to present our opinions of value, are changing in pursuit of optimization and efficiency. Some appraisers are vehemently opposed to some of these modernization efforts because they remove some of the steps in our traditional process.

Appraisal 397
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Three Types of Commercial Real Estate Obsolescence

Property Metrics

The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence.

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Strange Properties Appraisers Have Seen

Appraisal Today

This satisfies the affordable housing element,” Al Salguero, real property division manager at the Orange County Assessor’s Office, told the publication. Now on the market for $8 million, the home was designed with true ocean fanatics in mind, explains listing agent, Pattie Lawton, of Sotheby’s International Realty. “A

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Reconsideration of Value and Appraisers

Appraisal Today

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Because of the housing shortage, investors are buying single-family residences. Those investors are buying in bulk.