Appraising small shopping centers and retail properties can be complicated, although the process is usually pretty straightforward. Appraisers are often called on to work with small shopping centers, since they are popular with high-net-worth investors who are looking for steady income, and because the…
When a lender places an order for a property, often times both you and the lender might not know the marketplace views the property as stigmatized. Once the specifics of the case are revealed, the assignment will call for a high level of expertise, knowledge,…
Appraisals of complex and non-conforming properties require knowledge of many different types of appraisal techniques, creativity, and a positive attitude. If you ask appraisers to provide examples of complex appraisal assignments, many will focus on commercial or mixed-use properties, or two- to four-family properties. …
If you’ve been an appraiser long enough, chances are you have run into a few properties with no comparable sales available in the local market. Let’s dig into this property, for example. It’s a very old single-wide manufactured house with a large, “stick-built” addition. In…
How much will modern smart home technology affect an appraisal, if at all? Nowadays, a homeowner can control just about any home device, remotely, via a smartphone: computers, HVAC, audio/visual equipment, surveillance cameras, ovens and slow cookers, you name it. Will a home that’s…
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