Remove Renovations Remove Tenants Remove Valuation
article thumbnail

Solving the Affordable Housing Crisis

Appraisal Buzz

New owners used their cost savings to renovate and undercut our rent rates. For a while, we were the crown jewel of the submarket which gave us a competitive advantage when leasing. But the tide turned quickly. Neighboring properties, previously underperforming, sold at discounts. His time is running out.

article thumbnail

Download these 9 real estate prospecting letter templates that actually work

Housing Wire

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Always include your contact information and a call to action, such as an offer for a free home valuation. Great news!

Insiders

Sign Up for our Newsletter

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

article thumbnail

A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

Multifamily renting An Uber-like experience to match today’s 30 million renters with property managers, Domino would provide tenants with a personalized readiness rating. The app would pull a credit report, do a background check and preapprove a tenant at certain price points so the renter knows what monthly payment they can afford.

Tools 360
article thumbnail

What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

In high-stakes eminent domain cases, where valuation opinions diverge to a significant degree, an appraiser must be prepared to zealously defend the opinion being given under what can sometimes be grueling cross-examination by the other side’s lawyer. I hope you enjoy these also… .

Appraisal 312
article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Examples: A building owner has a single lease or multiple leases with tenants. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

article thumbnail

Why Industrial Space for Rent Is the Hottest CRE Sector in 2021

The Robert Weiler Company

The two scenarios surrounding build-to-suit are speculative buildings and scenarios where the tenant has already been secured. Speculative buildings are produced without the guidance of a specific tenant in mind but can be rewarding if they are of high quality and fulfill the needs of local businesses. Appearance.

Logistics 147
article thumbnail

Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.