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Savvy real estate agents look beyond ChatGPT

Housing Wire

Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. These are large language models (LLMs). What is next?

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

This is especially true where there is a business component to be considered, as would be the case with senior living, hotel valuation, or hospitals. Business components in special purpose properties are often referred to as “intangibles.” Value in use requires considering the business as a going concern. Second generation use.

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Decoding a Commercial Appraisal: Insider Insights

AmeriMac

The commercial appraisal report, generated by the appraiser, includes detailed information about the property’s characteristics, comparable sales data, and the final opinion of value. This report serves as a reference for buyers, sellers, lenders, and investors to make informed decisions regarding the property.

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

The Robert Weiler Company

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. Note: A commercial property valuation is considered the equivalent of an appraisal, and the words are sometimes used interchangeably. You may need a commercial valuation for many reasons.

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8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

A home appraisal is a legal document that determines fair market value for a property. Complexity/detail of property – A home with intricate architecture or an unusual layout will take longer to appraise and will have fewer market comparables to refer to. What is an Appraisal, and Who Pays for it?

Appraisal 104
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

This position seems to be derived from one of only two references cited in the FPI white paper , a fun New York Magazine cover story by Andrew Rice. That article came out in 2014 right as the housing market was peaking. The market value of these properties will be based on a "comparable sale-based valuation method."

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NAR Appraisal Survey 2022

Appraisal Today

Eleven percent cite evaluations (non-appraisal opinions of value). The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. If it had a market value of $345k, it would have listed at $345k!”. While agents can “puff” we cannot! Lot Size: 0.06