Remove Inspection Remove Market Value Remove Tenants
article thumbnail

Things To Remember About Tax Appeals

Cleveland Appraisal Blog

If a home needs major repairs, clearly this can have a negative impact on market value. Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. They claimed that the tenant who lived there was difficult, and it was just too difficult to let me inside.

Appraisal 217
article thumbnail

Selling Commercial Real Estate? 24 Practical Techniques to BOOST YOUR ROI on 5 Different Property Types

The Robert Weiler Company

Though, keep in mind that commercial real estate doesn’t always sell at market value. Retail space for sale differs from other types of commercial real estate because owners are trying to either (1) attract customers, or (2) attract tenants that plan on attracting customers. CRE Property #2: Retail/Restaurant Storefront.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What’s that Smell Worth? Insights from a Seasoned Appraiser

McKissock

The standard appraisal report’s definition of market value refers to “typical buyers,” most of whom would become acutely aware of such odors right at the door, and when it’s significant will either walk away or discount their offering price. I had a tenant whose child had a hamster or gerbil.

article thumbnail

Real Estate Appraisal Forms

Realvals

Interior and Exterior Inspection Forms. The 1004 is used when an appraiser is required to do an interior and exterior inspection. Exterior Only Inspection Forms. The forms above are generally used if the property has been inspected in person. Interior or Exterior Inspection. This is where it gets kind of confusing.

article thumbnail

Eleven Types of Risk in Commercial Real Estate

Property Metrics

Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Interest Rate Risk. Liquidity Risk.

article thumbnail

How To Prepare for a Commercial Property Appraisal

East Coast Appraisal

An appraisal is an unbiased opinion of the value of a property based on its physical characteristics, location, market conditions, and income potential. An appraisal can help you determine the fair market value of your property, negotiate a better deal, or secure a favorable loan.

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 6: What is the overall commercial real estate appraisal process?