Remove Investors Remove Legal Remove Market Value Remove Renovations
article thumbnail

Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

article thumbnail

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

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?

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 Is Appraisal Review in Real Estate?

AmeriMac

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. Prospective buyers may argue that the estimate does not reflect the property’s current market value, and the property owner may state otherwise.

article thumbnail

Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

There are certain things you can do as a real estate investor to help manage your tax bill and maximize your after-tax return on investment. The IRS taxes the real estate portfolios of living investors in two primary ways: income tax and capital gains tax. (A A third way, estate tax , applies only to dead investors.).

article thumbnail

26 Reasons to Get an Appraisal

Realvals

” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. An appraisal will provide you with the current market value of your real estate. Investment Analysis Whether you are a single-family, multi-family, or even commercial investor, you could benefit from an appraisal.

Appraisal 145
article thumbnail

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.

article thumbnail

The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

The most critical factors for commercial property investors are not the same as the typical home buyer. The two main reasons behind obtaining a commercial real estate appraisal are buying and selling commercial property and legal governance. The primary concern is a place to live. o Federal Housing Authority (FHA).