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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

If the exterior of your property looks like it needs renovation, potential buyers may have second thoughts about making an offer or may not even bother to schedule a showing. Additionally, as they’ll be responsible for making the house presentable again, they might lower their offer. #4 4 The address suffix.

Appraisal 297
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How to Appeal Your High Property Tax Assessment: A Homeowner’s Guide

Birmingham Appraisal

I thought I would take some time in this week’s blog post to explain the process you can take to appeal your high real property tax assessment if you think they are too high. These assessments are based on various factors, including the property’s size, location, condition, and comparable sales in the area.

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How should appraisers approach short-term rentals?

DataMaster

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. If only it was that simple.

Appraisal 148
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Clarify What Value or Values are Needed.

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Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. If a property appraises for $200,000 for a refinance, then it is still a $200,000 property for a sale transaction.

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Purchase Contracts in Appraisal Reports

Walitt Solutions

My market value conclusion came in below the purchase contract price. Now, a few weeks later, the parties have signed an addendum to the contract to match my value conclusion; the client has sent me that addendum. So, the contract price changing does not require the appraiser to consider this situation a new assignment.