Remove Legal Remove Real Property Remove Valuation
article thumbnail

The Value of Words in Valuation

Appraisal Buzz

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. The post The Value of Words in Valuation appeared first on Appraisal Buzz. Summary, What Does it Mean?

Valuation 360
article thumbnail

Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. This requires a little detective work.

Legal 243
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. Have a great weekend!

Appraisal 305
article thumbnail

3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

Appraisal 358
article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. It is beneficial and can save time and avoid follow-up questions and scope of work revisions to identify the actual property to be appraised. Value Scenarios.

article thumbnail

The Importance of Appraisals in Divorce and Estate Settlement

Appraisal Partners Blog

Introduction Life events such as divorce and the settlement of an estate can be emotionally challenging and legally complex. During these times, the division of assets becomes a crucial element of the process, and this often includes real estate. This is required by law and helps to establish a clear and defensible value.

article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

It isn’t clear who owns the appraised property. City or federally owned property is being evaluated. The physical, legal, or economic descriptions of the property are in question. Who Conducts Commercial Real Estate Appraisal Reviews? The commercial real estate review process is no different.