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How to prepare a comparative market analysis (CMA) report

Housing Wire

Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. Select active listings comps Choose active listings near to the subject property. Professionally designed templates. CMA reports are simple and effective tools.

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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

These properties are not for owner occupancy. Because multifamily homes serve a different purpose than single-family properties, appraisers have yet another factor to consider before presenting a number to the bank. This tactic uses the land’s price, plus the construction fees and minus depreciation. The Income Approach.

Appraisal 397
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Pros and Cons of Complex Property Appraisal: Insights from a Florida Appraiser

McKissock

In my previous blog post , I observed that specializing in complex property appraisal can be very profitable for the residential appraiser—in Florida and all across the U.S. Historic properties and/or neighborhoods. One-of-a-kind properties (no comps). Design (dome, log, etc.). Many gated communities.

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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. Thus, the cost of a house depends on both the construction and land cost. The appraisal will consider the market value of the land. Construction Cost. The land size.

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

Challenges Related to a Special Purpose Property. Today, it is in the aforementioned neighborhoods that a special purpose property – buildings designed for one specific use – are being repurposed for new ventures. And, they too, face a variety of challenges unique to their designation. What’s Makes You So Special?

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How to Identify a Residential Complex Property

McKissock

Some of the key physical features that can make an appraisal assignment complex include: Size (significantly larger or smaller than typical for market). Quality of workmanship or construction (higher or lower than the norm). Architectural design. Mixed-use property (for example, it was used as both a business and residence).

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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

No matter how the appraisal inspection appears to the uninitiated, it is not the equivalent of a home inspection. An appraiser is required to observe the subject property and the surrounding area for certain factors which affect the subject property. This, in turn, may help you manage your liability.