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In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time. Grant Applications.
With the recent boom in housing sales and commercial real estate development, farmland has proven to generate a significant return on investment for you, the land owner. What You’ll Need to Know: When it comes to land use, pay attention to zoning ordinances, covenants, easements, and agricultural use restrictions, to name a few.
When we talk about complex appraisals, we’re not just referring to larger or more expensive properties. Mixed-Use Developments: These properties combine multiple uses, such as residential, commercial, and retail spaces in a single development. This includes going through extensive databases and historical records.
If not, obtain one, specifically covering boundaries to learn if easements or encroachments exist.). Is there a maintenance easement, such as with waterfront properties, that could affect existing or proposed structures? Some questions to answer: Do you have a current survey of the property? (If Are there any deed restrictions?
There’s quite a bit of confusion around the difference between common interest developments (CID) , condominiums, and planned unit developments (PUD). Condos can architecturally be a unit that resembles an apartment (what we colloquially refer to as a condo), a townhouse, or even a house. What is a PUD? What is a CID?
Land appraisal is a process of assessing the land value and then developing an opinion of value. A land appraisal process involves many factors, such as identifying the land quality, size, and location, sales comps, best use of the land, and potential future development. Land easements and encumbrances. What is a Land Appraisal?
Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts. By staying honest and true to your values, others are more likely to trust and collaborate with you or recommend you and your business.
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