article thumbnail

Why You May Need a Commercial Property Appraisal

East Coast Appraisal

A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Below are some reasons to commission commercial property appraisals.

article thumbnail

Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

The appraisal process is critical to real estate transactions. Below are tips to help you get the right appraiser. Specialization Residential and commercial property appraisals differ. For example, commercial property appraisal considers income generation, which isn't a factor for residential property appraisal.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s Included in Closing Costs?

PennyMac

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

article thumbnail

Mortgage Term Glossary

Assurance Financial

During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. The appraisal can be more than the price of the house or it can be less. If the buyer backs out of the sale, the seller gets to keep the earnest money.

article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

article thumbnail

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

The Robert Weiler Company

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

article thumbnail

52 Tips to Negotiate an Office Space for Lease in Columbus, Ohio [2021]

The Robert Weiler Company

Indemnity and Insurance. What type of insurance can you maintain or obtain (e.g., comprehensive public liability insurance, fire and extended coverage insurance)? And what is the cost of insurance? Entry by Landlord. However, the landlord must not unreasonably interfere with the tenant’s use of the premises.

Landlords 148