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You can also create messaging for your investor clients to inform them of possible investment opportunities. For example, your investor clients probably wont be interested in a first-time home buyers checklist, and you most likely wouldnt want to send information about 1031 exchanges to the first-time home buyers in your database.
A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. Real estate agents in particular understand localproperties extremely well.
The commercial real estate appraiser must consider everything that could affect a property’s value; some factors include property conditions, neighborhood, economy, market conditions, legal factors, and even the political climate. Question 5: Why are commercial property appraisals important?
Mortgage interest rates are projected to fall further over the next year or so, says Mike Hardy, a real estate investor and managing partner at Churchill Mortgage in San Dimas, California. If you’re buying in another area, research localproperty taxes and account for any difference in your monthly payments.
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