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 […]
Understanding the low home appraisal reasons is crucial for homeowners considering refinancing their mortgages. If you’ve jumped on the refinance bandwagon, you might be surprised to learn that your home’s appraisal could come in lower than expected. With interest rates at record lows, many homeowners are eager to take advantage of refinancing opportunities. However, when
Choosing an appraisal firm to handle your sensitive commercial and residential valuation needs in Massachusetts is an important decision. When considering lending money, or working with a third-party that will rely on your appraisal, it’s critical to ensure that the valuation is accurate, credible, and reliable. A faulty or biased report has the potential to
Many Massachusetts valuation clients choose to work with appraisal management companies (AMCs) due to the fear of compliance issues with Dodd-Frank and the Consumer Protection Act. It’s a common misconception that to avoid bias issues, and maintain transparency, that you have to use an AMC. For a brief period after the financial crisis of the
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
An appraisal is more than just an estimate of value for the subject property. It provides unique insight into a local real estate market and how a broad range of social, economic, and structural properties influence value. A property valuation is also a critical tool in lending and investment spheres that is relied upon to
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