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Savvy real estate agents look beyond ChatGPT

Housing Wire

McKinsey reports that the real estate industry will see a productivity gain of $110 billion to $180 billion, primarily in marketing and sales. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation. It first explained how it was better than human agents.

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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.

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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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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. Anderson as his family’s vacation home.

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Fannie Files Complaint Against Appraiser

Appraisal Today

Designed by the internationally renowned Japanese firm Atelier Bow-Wow, the property unfolds over 60 private, forested acres with the centerpiece – the meticulously designed and thoughtfully crafted residential structure settled into this lush land, bordered by the U.S. The Unique Mountain House in Nevada City, CA listed for $3.3

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Appraising Fixer Uppers

Appraisal Today

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Browse the following resources designed to help you avoid common appraisal errors and violations. Here are two: 1. Worth reading.

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Desktop Appraisals: Who, When, and Why

Appraisal Today

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home? Nationwide, Realtor.com®