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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

What people rarely talk about are things that can decrease property value. Always keep in mind that your Ohio home is one of the biggest investments you’ll ever make. That’s why we’ve consulted an expert in home appraisals and here are the top features that negatively affect the value of your home.

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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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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.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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What is a 1031 Exchange? A Beginner’s Guide

Property Metrics

To minimize or defer the tax bill when selling investment real estate, investors commonly use what’s known as a 1031 or Like Kind Exchange. While in the QI’s hands, the owner can use the sales proceeds for renovations on the replacement property. NOTE : Section 1031 doesn’t make a distinction between property types.