Appraisal Buzz
JUNE 20, 2022
Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.
Appraisal Buzz
FEBRUARY 17, 2025
Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. But with the new zoning, up to three units may be constructed on the property.
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Appraisal Buzz
JUNE 11, 2024
Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 The number of entry-level homes represent less than 10% of all newly constructed homes, compared to about 35% in the 1970s.
Housing Wire
JULY 16, 2024
That can be a challenge if they live in an unusual or uniquely constructed home, or if they live on a vast stretch of land with few neighbors. Montana automatically declares these as real property once they are permanently affixed, but the government requires the de-titling paperwork.
Simonson Real Estate
JULY 10, 2020
An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Defining the Appraisal Scope of Work.
Cleveland Appraisal Blog
SEPTEMBER 2, 2022
Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must : (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) I also had good data for the construction cost (replacement cost).
McKissock
FEBRUARY 16, 2021
To estimate the real property value for the purpose of one or more partners acquiring the interest of other partners in a proposed or existing building’s ownership. For real estate tax assessment purposes. To establish value of the real property in a bankruptcy filing. For a proposed building: A site plan.
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