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I got to speak with Lisa Abramowicz on her Bloomberg TV show " Money Undercover " yesterday. She is a great follow on Twitter. Best of all, I sat in a comfy chair. Lisa mentioned the topic of "inventory loans" that developers are relying heavily on to limp to the next upcycle with lots of unsold inventory. Hedge funds have dived headfirst into this space, even developers who are in good financial state are lending money on unsold condo inventory.
ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high? A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home.
When you’re selling your home, one of the most egregious mistakes you can make is failing to accurately estimate your home’s worth. While it’s absolutely essential to make sure your home looks inviting in images on your realtor’s website or sites like Zillow, and important that prospective buyers can see it as a blank canvas for them to project their own sense of style onto… arguably nothing is more important than a listing price which is appealing yet fair.
The Crestwood neighborhood is part of the Southwest portion of Portland and is one of the periphery neighborhoods. This neighborhood is largely residential with minor commercial and one city park (Dickinson). This neighborhood has a overlapping section with the adjacent Ashcreek, but that small section is omitted in the following analysis. Appraisers endeavor to take the measure of a neighborhood with a variety of tables, charts, and graphs.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
We get this question a lot: How much is an acre of land worth in [Location], and like so many things in real estate, it depends. For purposes of this blog lets perform a thought experiment with the following property. Here we see a 67-acre parcel of land in Athlone, Ireland, but for our purposes, lets set that aside. This single parcel has 1) Road frontage on what appears to be a major roadway, 2) River frontage in the top right, 3) What appears to be agricultural land in much of the center, 4)
ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high? A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home.
ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high? A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home.
In Part 1 , I explored the question “What should be in the appraiser’s workfile?” The take-away is that no two workfiles will look alike; rather, the minimum standard emphasizes retaining data and information that supports the appraiser’s analyses, conclusions, and opinions. Another common question from appraisers, clients, lenders, and appraisal management companies is “What do we really mean by ‘workfile’?
Two common questions that come up when I’m coaching appraisers, training an appraisal department at a lender or management company, or teaching a USPAP course is “What should be in the appraiser’s workfile?” and “What do we really mean by ‘workfile’?” I’ll explore the first question here, and the second question in Part 2.
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