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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. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Lenders and clients will be looking for an appraisal to secure a loan on the STR. What do short-term rentals mean for appraisers?

Appraisal 148
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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. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Lenders and clients will be looking for an appraisal to secure a loan on the STR. What do short-term rentals mean for appraisers?

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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. The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Value Scenarios. Bottom Line.