Imagine living in a neighborhood where everything you need—workplaces, schools, grocery stores, parks, and even your favorite coffee shop—is just a short walk or bike ride away. This concept, known as the 15-minute city, is reshaping urban planning worldwide. The goal is simple: build communities where convenience and connection come first. For homeowners, buyers, lenders, […]
Dive into the latest **Winter Real Estate Trends in Massachusetts**! In this insightful video, we explore how the colder months can actually benefit both buyers and sellers in the real estate market. With fewer properties available, sellers can shine amid reduced competition, while serious buyers often seek quick transactions driven by urgent needs. Discover essential
When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values. Investment property appraisal can be instrumental in defining AS-IS value and AS-REPAIRED value, which consequently enable investors to get an important insight into the future potential
If you are someone who has ever needed a real estate appraisal, you might have noticed quite a big difference in the cost between residential and commercial appraisals. While both serve the same basic purpose, that of valuing real estate properties, it should be noted that the cost of commercial appraisals will often be significantly
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.
Cost approach in real estate appraisal is a critical method for determining property value. As part of standard practice, most commercial lenders require all three valuation methods—sales comparison approach, income approach, and cost approach—to be considered during an appraisal. However, this method is sometimes deemed unnecessary, sparking debates between lenders and appraisers. This article explores
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,
Massachusetts real estate appraiser is crucial for accurate and credible valuations of your commercial and residential properties. When considering lending money or working with a third party that will rely on your appraisal, it’s important to ensure that the valuation is reliable and trustworthy. Choosing an appraisal firm to handle your sensitive commercial and residential
Working with an independent Massachusetts appraiser can significantly save you money and time. Many Massachusetts valuation clients choose to work with appraisal management companies (AMCs) due to fears surrounding compliance issues with the Dodd-Frank Act and the Consumer Protection Act. However, it’s a common misconception that to avoid bias and maintain transparency, one must use
How do you know if you’re making the most money possible from a property? Are you getting the greatest economic and functional value from your investment? How will the long-term value of the property be affected by zoning changes, new developments, and the usages of surrounding properties? Highest and best use analysis considers these issues
