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An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. Below are two common approaches to property appraisals. Many buyers judge homes by their physical properties. Physical properties include things like the property's: Size (square feet and number of rooms). Neighborhood.

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How to Identify a Residential Complex Property

McKissock

Architectural design. Mixed-use property (for example, it was used as both a business and residence). Waterfront properties compared to 1-mile radius of non-waterfront properties. For more insights into complex property appraisal, enroll in our top-rated CE course, Complex Properties: The Odd Side of Appraisal.

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Teardowns Return as the Cost of Land Rises

Empire Appraisal Group

Sunshine Park, a century-old community of 130 properties south of downtown, is pursuing historic designation after seeing unsettling demos and rebuilds, including the razing of a 1920s-era mission-style house. We made a pitch – designate it, move it – but there wasn’t interest.”. Two were demolished and one added a second floor.

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7 Top-Rated Appraisal Job Aids (Free for Members)

McKissock

Things to Consider when Appraising Rural Residential Properties Appraisals of rural residential properties do not conform to the typical mortgage lending underwriting expectations of urban and suburban residential properties.

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How to Identify a Single-Family with ADU vs. Two-Family Property

McKissock

The second unit may be apartment-style, a separate structure, a basement unit, a garage or attic conversion, or numerous other possible configurations and designs. How to tell if it’s a single-family with ADU vs. two-family property. The detached unit is subordinate in size to the primary dwelling.

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Are Appraisers Professionals?

Appraisal Today

It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. Acre lot, built in 1962 John Sugden, a disciple of Mies van der Rohe and a luminary in architectural design, crafted this home with a robust U.S The appraisal includes no recent sales of similar design.

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Apps for Appraisers

Appraisal Today

acre lot Excerpts: An extraordinary Bel-Air architectural triumph with awe-inspiring city and ocean views! Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period.