Remove Document Remove Local Properties Remove Market Value
article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

article thumbnail

Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. An example can be seen in Figure 7.

Appraisal 358
Insiders

Sign Up for our Newsletter

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

article thumbnail

12 Types of Expert Witness Assignments for Appraisers

McKissock

Typically, this would be for local property tax appeals. This could be for estate or probate cases, and often involves determining a retrospective market value if a taxpayer neglected to obtain an appraisal when property was inherited. Learn more. Tax appeal. Income tax (IRS) issues. Guardianship/Trustee matters.

article thumbnail

Commercial Real Estate Investing: A Comprehensive Guide

Property Metrics

Overly Compressed Cap Rates : Sponsors might assume a more favorable cap rate at exit than the current market supports. A proforma is not a static guarantee of returns; its a living document that captures your best estimate of how a property will perform under certain assumptions. Direct control but higher time commitment.