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What AVMs can and can’t do in the appraisal process

Housing Wire

AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations. The post What AVMs can and can’t do in the appraisal process appeared first on HousingWire. This information is not known by AVMs, nor do they calculate possible value adjustments.

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

The Robert Weiler Company

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process.

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The Necessity of a Commercial Engagement Letter

Dart Appraisal

The following are typical must-knows for an appraiser before accepting a commercial assignment: What is the property type? Vacant land, retail, industrial, multi-family, etc. . Who is the intended user of the appraisal report, and for what purpose is it being used? Planned renovations? Are there existing improvements?

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Commercial Appraisal: Understanding the Basics

AmeriMac

Appraisers can work independently or as part of appraisal firms, real estate appraisal departments, financial institutions, corporations, or government agencies. Becoming a commercial appraiser requires appropriate education, training, experience, and certification.

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Tools To Support Appraisal Adjustments

Appraisal Today

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process.

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Appraising Historical Homes

Appraisal Today

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Many downtown mixed-use buildings (retail and apartments) are in my city. baths, 2,973 sq.ft., built in 1971, 0.34

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Decoding a Commercial Appraisal: Insider Insights

AmeriMac

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Understanding the commercial real estate appraisal process is crucial for anyone involved in the buying or selling of commercial properties.