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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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Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

As a result, the real estate industry is progressively adopting ecology-minded trends, resulting in the gradual emergence of green buildings (both commercial and residential) across the country. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

URAR examples for various property types. Playbook excerpts This playbook is designed to help industry partners prepare for and adopt the multi-year, joint governmentsponsored enterprise (GSE) initiative to update the Uniform Appraisal Dataset (UAD) and retire the existing appraisal forms.

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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. The appraiser must now reconcile these three values into one final opinion of value. But not one at a time.