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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

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What Is a Reconciled Value?

Cleveland Appraisal Blog

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? When contract prices and value often differ.

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What’s New in Appraisal Membership: September 2021

McKissock

Every appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value of real property. Are you investing in yourself and your career?

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Three Types of Commercial Real Estate Obsolescence

Property Metrics

One of the unique challenges of commercial real estate investment is that markets, types of property , return expectations, and physical environments are in a constant state of change. The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of.

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How should appraisers approach short-term rentals?

DataMaster

The purchase of real property for the purpose of investment is not new. Some transactions are considered long-term investments, to live in and accrue equity. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. What do short-term rentals mean for appraisers?

Appraisal 148
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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value.