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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Business components in special purpose properties are often referred to as “intangibles.” Second generation use.

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Estate Appraisals in Massachusetts: Everything You Need to Know

Boston Appraisal

And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. If the estate is going through probate, an accurate inventory of the decedent’s possessions—including any real estate properties—is required.

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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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Why Do Square Footage Disputes Arise?

Empire Appraisal Group

The agencies’ standards recognize situations when finished attics, garage conversions, and additions may be included in the gross living area, specifically when such improvements are accessible from the interior of the primary dwelling and have a permanent, sufficient heat source, as well as similar design and quality of construction.

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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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For Your Consideration, A Review

Valuation Nation

As the author of these blogs is an appraiser, and this deals with the largest real property valuation organization in the country, I thought it may be apropos to style this blog after an appraisal review. The organization is mostly male, mostly designated MAI and non-residential in practice.

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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. The best book I have ever read on this topic.