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The home had been recently renovated and was in great condition. The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. We have all seen how the national economy affects property values. The Case File. He paid $475,000.
The home had been recently renovated and was in great condition. Reason #1: The Range of Value The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. We have all seen how the national economy affects property values.
Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. For instance, you may want to share the commercial appraisal with the seller, your lender, and perhaps your localproperty tax appeal board.
Retail Spaces: Strip malls, shopping centers, stand-alone stores, and anything designed for consumer-facing businesses. Key Distinctions from Residential While residential rental property primarily focuses on housing and personal living spaces, commercial real estate investing involves business-oriented propertiesdesigned to generate income.
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