Residential appraisal report is a detailed document that offers much more than just a property value. It provides critical insights into your property’s worth, guiding important real estate decisions such as obtaining a mortgage, verifying a purchase price, or planning an estate. Understanding what your residential appraisal report reveals can help you navigate these processes […]
Welcome to 2020 with COVID-19, social distancing, self-imposed lockdown, and Zoom meetings. Rioting and protesting aside, I have to say that America has dealt with the lifestyle and work environment change quite well. But as life starts a trek back to a new state of normality, it will do us good to take a look
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,
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
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
Low appraisals can disrupt real estate transactions, affecting buyers, sellers, and agents alike. Understanding the factors behind a low appraisal and the perspectives of those involved is crucial to navigating these challenges. Agents, investors, property owners and anyone riding on the results of an appraisal want the value to come out the way they expect,
Cost vs. value in real estate is one of the central questions in any real estate appraisal. Appraisers use various methods to estimate value, including the cost approach, which evaluates the actual cost of building a structure similar to the subject property. However, construction cost is just one element of value and doesn’t necessarily equate
Appraisal report forms play a crucial role in how appraisers communicate the results of their assignments. Whether through oral reports, written narratives, or standardized forms, appraisers have numerous options to meet client needs and comply with regulatory requirements. Appraisers have nearly unlimited possibilities in how they report the results of appraisal assignments. These choices could
