Housing market trends in 2020 have become a major focus for economists, buyers, and real estate investors. The year saw significant shifts in property prices, buyer preferences, and regional demand. This post dives into these trends and forecasts for the coming months. The housing market across the country, and especially in Boston and New England, […]
Solar panels and property value are at the forefront of green building trends. Explore how these eco-friendly features enhance property value, appraisal processes, and sustainability benefits. From eliminating disposable straws to banning single-use plastic bags, reducing human impact on the environment is at the forefront of many citizens’ minds in recent years. As a result,
Massachusetts estate appraisals are essential for determining the fair market value of property when a family member passes away. Relatives are often overwhelmed during this time, navigating grief alongside legal and financial obligations like probate and tax planning. Establishing property value is a priority, whether the goal is selling the property, passing it to heirs,
Divorce appraisals are a crucial aspect of the settlement process, particularly when it comes to determining the value of shared properties during divorce proceedings. Even in the best-case scenario, divorce is a difficult and emotional time for any couple. Besides child custody, deciding the fate of the family home is often one of the major
Market Value in Appraisal is crucial for understanding the worth of a property. Real estate appraisals serve various purposes, including selling, buying, refinancing, or settling an estate. However, the most common goal of an appraisal is to establish the market value of a property. Real estate appraisals can be used to serve a wide range
Income property appraisal is a critical process for investors looking to make informed decisions in today’s real estate market. Given the growth and gradual stabilization of values as we approach the peak of the market, evaluating the equity position in our portfolios has never been more important. This post will explore how appraisal plays a
Comparable Sales Analysis forms the foundation of property appraisals, offering a structured approach to valuing properties based on market data. Appraisals express value as the monetary relationship between properties and those who buy, sell or use those properties, as defined by the Uniform Standards of Professional Practice(USPAP). Fundamental to appraisal practice is the idea of
Boston Just Cause Eviction proposals have been at the center of debates since 2015, with implications for tenants, landlords, and the city’s real estate market. These legislative efforts aim to extend renters’ rights while balancing the concerns of property owners. Since 2015, legislative officials of Boston have been developing legislation concerning residential evictions in the
Appraisers frequently have their work reviewed, especially when an appraisal’s intended use is for financing. Reviewing appraisals is routinely part of the job description for appraisers employed by lending institutions. But the scope of work for review assignments varies significantly, and sometimes reviews are performed by non-appraisers. Both appraisers and their clients need to clearly
Land value analysis is an essential skill for appraisers, especially in scenarios where the sales comparison approach is hampered by a lack of truly comparable properties. While many residential appraisals don’t require the cost approach, there are cases where separate value opinions for land and improvements are necessary. Experienced appraisers recognize that some improved property
