article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Most lenders will request the fee simple interest be appraised. Contact him today!

article thumbnail

How to Post the Most Effective MLS Listing: Tips to Help Buyers and Speed Up the Appraisal Process

Boston Appraisal

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. Information regarding tenants, leases, and rental amounts should be first and foremost when it comes to these types of properties.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

article thumbnail

Appraisal modernization: What is going on with the forms?

Housing Wire

To paint an example of what this might look like, an appraisal form software provider would provide data input screens for the subject property address and certain property characteristics, such as single-unit or two-unit, owner-occupied or tenant-occupied, fee or leasehold ownership, and so forth.

article thumbnail

Sandra Thompson talks volatility, affordability challenges, appraisal bias and more

Housing Wire

What we’ve done is we’ve tried to automate the appraisal process, and I’ll tell you that the pandemic was really where we got a lot of lessons learned – appraisers didn’t want to go into homes, we had to figure out ways to keep the mortgage pipeline moving, and we introduced desktop appraisals.

Appraisal 370
article thumbnail

Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

But, if you don’t mind the work, which includes rolling up your sleeves for simple repairs, chasing tenants for late rents, and paying an additional 25% insurance premium than you would on your primary residence, then buying your first rental home as a recurrent source of income might be a smart idea. Let us know ! Image via Pexels. .

Investing 337
article thumbnail

7 best real estate schools in Massachusetts for 2024

Housing Wire

Features Commercial Lease Clauses of Tenant Concerns: Part III and other residential courses C Gold Package 12 Hrs: Includes 12 hrs of CE for MA commercial real estate. Features Commercial Real Estate Basics and 5 other landlord and tenant courses Broker Prelicensing $420 Online Broker Supervised Video Course: Webinar.