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General Appraisal

Factors That Affect Commercial Appraisal Fees

by Administrator on Feb 11, 2012 General Appraisal 1406 Views

I often get callers asking me what my fee would be to complete an appraisal assignment with no information given regarding the scope of work, reporting, purpose or even property detail offered.  I'm sure that if you are in the appraisal business this has happened to you, its something that most of us deal with on a daily basis.  Many approach bidding with a "managment plus appraiser compensation" mentality, or what is the firm going to net after the appraiser is paid, but many of the fees quoted by appraisers relate to; project size, degree of difficulty, turnaround time, report type needed and the supply / demand for services.  

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Real Property Appraisal versus Business Appraisal

by Guest on Feb 18, 2012 General Appraisal 1465 Views

While real property appraisals and business appraisals differ, they have similar analytic approaches, and "going-concern" real property appraisals cross over into the business realm given their inclusion of a business entity.

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Will My Improvements Add to Real Property Value?

by Guest on Feb 20, 2012 General Appraisal 1443 Views

If your improvement is really a repair, like new shingle roofing, then you may see no value subtracted from the appraisal after the repair is made, but it's also likely you won't see a large upward adjustment in the appraisal for the item being recently repaired.  In fact  you may spend a great deal of money on an improvement and an appraiser may add little or nothing to building value for it.  You may have simply brought the improvement to an "average" condition.

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Valuing Mining Property

by Guest on Feb 24, 2012 General Appraisal 1318 Views

Whether the mineral value is in gravel or gold, it is important that the appraiser is working with a Geologist who he can trust to provide an unbiased value opinion.  Even though as a real property appraiser you may be supplying only an opinion of the surface value, you will be a co-signor of the report and you want some assurance that the value of the mineral rights has been honestly assessed.

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Rent Comparability Studies

by Guest on Feb 24, 2012 General Appraisal 1914 Views

Rent comparability studies or RCS studies, are studies requested from appraisers on both residential and commercial properties.  Usually a client wants to know what the market rental rate is for his real property.  Rental rates become important to owners and tenants when lease options are renewed or when they are intially negotiated. 

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Who Should Hire The Real Estate Appraiser And Why?

by Guest on Feb 26, 2012 General Appraisal 1449 Views

Everyone involved in the sale of real estate has a vested interest in the results of a real estate appraisal The outcome affects the seller, the buyer, the lender, and even the realtor

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Why Do You Need A Real Estate Appraisal?

by Guest on Feb 26, 2012 General Appraisal 1383 Views

Anytime you buy or sell real estate, you need a real estate appraisal The primary purpose is to find out exactly how much your property is worth

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Predetermined Value: Appraiser Influence

by Guest on Feb 29, 2012 General Appraisal 1722 Views

Appraisers are often faced with the "evidence" of value that is provided by owners or lenders who visit Automated Valuation Models (AVMs) or who receive broker sales sheets that display area sales on a dollar per square foot basis.  While these information sources provide a general indication of value, they are
often not accurate.

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What's Confidential About an Appraisal Report

by Guest on Mar 2, 2012 General Appraisal 1965 Views

One way of thinking about the confindential nature of an appraisal report is to ask yourself, how many clients would want the interior room pictures of their home or photos of their business inventory posted on the web?  Most people, including your clients, would consider those photos confindential.  While appraisals generally don't include social security numbers, tax id numbers or tax returns, many appraisers are supplied with income information and other data that their client would not want leaked or published.  If you have to ask yourself, would my client want this released, then its probably something that should not be released to anyone.

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What is a Retrospective Appraisal ?

by Guest on Mar 8, 2012 General Appraisal 2231 Views

Retrospective appraisals are appraisal reports that are completed as of a prior date or a date in the past.  Historical appraisals of this type are often ordered for litigation or for IRS tax reporting purposes. 

Anyone who has completed a retrospective appraisal report quickly realizes that data from the past is often more difficult to acquire than current sales data.  While some paid data services provide sales for several years in the past, others sources like home data available via some multiple listing services, only keep sales information for the current year.  When sales data is not readily available the research involved to complete a retrospective report can add many hours to its completion. 

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