Most improved real properties and many vacant tracts can only be sold subject to existing easements. Appraisers identify existing easements and consider their effect on value whenever a market value definition is part of an assignment. Easements and rights-of-way often influence how real property can be used and may even affect a property’s ownership cost.
Fixed and variable expenses are essential components of the income approach to property valuation. This method estimates the value of a property based on its annual income, assuming a relationship between the net income generated and the price an investor would pay. The first step in this approach is calculating the net income for a
Market Analysis in appraisals plays a pivotal role in determining property value. This essential section of an appraisal report not only influences a property’s value but also provides priceless insights into financial feasibility. Many readers tend to skip the Market Analysis and focus solely on the value estimate, missing critical data that could benefit owners,
Commercial real estate sustainability is essential for maximizing returns on your next development, renovation, or management project. By implementing sustainable strategies, you can enhance property value while benefiting human health and the environment. If you’re planning your next development, considering strategies for an upcoming renovation, or managing an existing build, how can you maximize the
Managing Probate Transactions carries with it a special responsibility to conduct thoughtfully and diligently. Both the families and professionals involved in the probate process deserve respect and genuine care. In this guide, we’ll discuss important considerations for handling probate cases, particularly for real estate professionals and others involved in the process. Probate transactions carry with
Quick closings are essential in the lending business, as everyone involved appreciates a fast and efficient process. When transactions move smoothly, stress and uncertainty are minimized, leading to successful outcomes for clients and professionals alike. Here are a few strategies to help you achieve quick closings and ensure a seamless transaction. This is a central
Prepare Your Home for Fall Inspections: Essential Tips for Sellers and Buyers to ensure a smooth and successful transaction this season. With fall being a busy time for home sales, it’s vital to tackle inspections early and effectively. Whether you’re selling or buying, these tips will help you avoid delays and achieve the best results.
If you live in Boston, or nearly any part of Massachusetts, you may qualify for Tax Abatements and Exemptions through the residential property tax exemption. The abatement program can save you up to $3,610.53 (the max exemption amount from last year) on your annual property tax assessment. With the increasing cost of living and rising
