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Posts Categorized: Appraisal

Commercial Development: Appraisers as Advisors

Appraisal, Commercial Real Estate

Beth Sigg Northwest Real Estate Services   Usually, a commercial appraisal assignment is ordered by a lender after the proposed project has been designed, possibly platted, with needed zoning changes. In other words, these requests tend to be “after the fact” for a specific project that has already been planned for months or years. What… Read more

New Construction: Appraisers Involvement in The Process

Appraisal, New Homes

Beth Sigg Northwest Real Estate Services   Appraisers are involved in the new construction process, at the front-end, when financing is involved. By virtue of a loan needed for funding the construction, appraisers receive blueprints, contracts, and specifications on which to build the appraisal. From there, the cost approach provides a reliable and relevant approach… Read more

Will A Team Work In Appraisal?

Appraisal, TEAMS

Beth Sigg Northwest Real Estate Services   The typical appraisal model in business is the lone wolf working in a home office. Or an appraisal company employee working in a busy office but turning out appraisal reports alone. Will the team model work in the appraisal world? Below are a few reasons why teams in… Read more

Appraisers can be Your Flipping Advisor

Appraisal, Find It, Fix It, Flip It

Beth Sigg Northwest Real Estate Services   With the advent of HGTV and a plethora of “Fix It and Flip It” shows, there are misconceptions galore regarding how to flip properties, and what it entails. These shows feature a complete remodeling in a week or two, including the inevitable drama of an unexpected foundation problem… Read more

Reasons to Connect with Other Appraisers Online

Appraisal, Technology/ Social Media

Beth Sigg Northwest Real Estate Services   Appraisal can be a very solitary profession, with many working for themselves and with little human interaction. While interaction in person can be time-consuming and difficult to schedule, communicating with other appraisers online is convenient and available. It’s the ready solution to the need to share ideas and… Read more

Agents: Can Property Management Become an Income Stream for You?

Appraisal, General Real Estate

Beth Sigg Northwest Real Estate Services   Now that you have your real estate license and are busy with buyers and sellers, you’re inevitably asked to locate rentals for clients, or find tenants for landlords! Should this become part of your toolbelt of services? First, let’s talk about supply and demand. Selling real estate is… Read more

RFR’s – The Long-Term Benefits to Multi-Family Investors and Owners

Appraisal, General Real Estate

John Tomblin Sofvue.com, OfficeAtlas.com, AirwestDrones.com   One of the most misunderstood and often overlooked conditions of owning a small income property is the Reserves for Replacements (RFR’s), or what is sometimes referred to as “Replacement Reserves.” In commercial real estate transactions, replacement reserves are often mandatory and added to proformas for lending purposes. The purpose… Read more

Myths About Real Estate Appraisals

Appraisal, Market Forecast

Beth Sigg Northwest Real Estate Services   If you are a real estate agent, understanding the basics and nuances of appraisals will help you close more transactions with very few “blips” along the way. And if you’re a consumer who owns real estate, you may encounter the appraisal process as a part of obtaining a… Read more

APPRAISING A LUXURY HOME: DETERMINING VALUE WHEN THERE ARE NO COMPS

Appraisal

John Tomblin Sofvue.com, OfficeAtlas.com, AirwestDrones.com   Appraisers have numerous valuation tools in their cache when it comes to appraising homes. These include the “Sales Comparison Approach,” the “Income Approach,” and the “Cost Approach.” For most residential appraisals, the Sales Comparison Approach is the most widely accepted and reliable indicator of value. But what does an… Read more

Arizona Real Estate Appraisals

Appraisal, Industry News

Debra Rudd Manager, Real Estate Appraisal Division Arizona Department of Financial Institutions   We live in a time of immediate results. If we are unable to obtain the answers to questions instantaneously, we work on ways to speed up the process. An example of this pertains to real estate appraisals and the recent attempt from… Read more

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