Remove Construction Remove Market Value Remove Transportation
article thumbnail

Property Appraisal Insights: 4 Community Features that Matter

Appraisal Hub

A property appraisal is a detailed evaluation of your home’s market value conducted by professional appraisers. Appraisal companies use their knowledge of the local market and factors like size, location, and condition to accurately estimate what your home is worth today. What is a Property Appraisal?

article thumbnail

An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Location factors, such as transport networks, crime rates, and employment opportunities affect housing prices. Thus, the cost of a house depends on both the construction and land cost. The appraisal will consider the market value of the land. Land value depends on: The location. Construction Cost.

Insiders

Sign Up for our Newsletter

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

article thumbnail

My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. Today I thought I would share the search criteria I use and the reasons for each of them.

article thumbnail

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

The Robert Weiler Company

Cost of construction and materials. Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property. We are also pre-approved to work with the Ohio Department of Transportation (ODOT), the City of Columbus, and many banks in the Central Ohio area. Floor plans.

article thumbnail

Eleven Types of Risk in Commercial Real Estate

Property Metrics

A liquid asset is one that can be sold immediately at market value. If an owner had to sell a piece of real estate by the end of the day, chances are that it would be for a price far below market value. The degree of illiquidity varies according to location, property type, and market cycle. Space Market Risk.

article thumbnail

Lower Interest Rates, But Still No Offers? Here’s Why

Birmingham Appraisal

An appraiser can provide an unbiased valuation based on market conditions, comparable sales, and the unique characteristics of the property. By aligning the price with its true market value, you make the home more competitive and attractive to buyers who are already watching their budgets.

Buyers 69
article thumbnail

Appliances for FHA appraisals

Appraisal Today

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 Nationwide, 31.8%