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Appraisal modernization: What is going on with the forms?

Housing Wire

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. No doubt, investment in modernization is needed in the appraisal process.

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Consumer advocate says policy changes are needed to help FHA buyers compete

Housing Wire

The authors suggest a two-fold recommendation — that more states and local municipalities pass “source of income” legislation so that tenants and homebuyers will be better protected; and for the U.S. of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD. ”

Buyers 476
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From Industrial to Retail: A Deep Dive into Evaluating Commercial Real Estate

The Robert Weiler Company

When buying commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease. Do you have a paper trail?

Retail 158
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Wellness in The Pioneer Valley of Massachusetts

Lamacchia Realty

Premier Fitness Centers Hampshire Athletic Club – Amherst This comprehensive facility offers: Extensive cardio and weight training equipment Multiple group exercise studios Indoor pool with lap lanes Indoor track Basketball court Spinning studio Personal training services Massage therapy rooms Childcare services YMCA of Greater Springfield With (..)

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What Do I Need to Know About Lead Paint in a Home?

Lamacchia Realty

Another big issue with lead paint is that even if you paint over it with modern paint, the risk is not eliminated. In Maine , landlords are required to provide certain disclosures to their tenants about lead paint. Lead is especially harmful to children six years of age or younger due to their itch to explore and consume things.

Buyers 74
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Three Types of Commercial Real Estate Obsolescence

Property Metrics

As a result of these changes, a commercial property could be cash flow positive one day and undesirable the next due to shifts in tenant desires or some other factor. . In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

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What level appraiser are you?

Appraisal Today

Depending on how you were trained, at the beginner level you typically view appraisals as forms — forms with checkboxes to be checked or left blank. I also get $2,000 per month from a tenant. It’s quite amazing how the midcentury modern style has endured, persisted, and reemerged. Level 1 – Beginner This is where we all start.