Have you ever wondered what your home was worth? Have you ever had a challenge with what the appraiser’s opinion of value is? Every month, Quicken Loans measures the Home Value Index (HVI) and the Home Price Perception Index (HPPI) to identify trends in various metropolitan markets. Nationally, in October, 2015, the homeowner’s estimation of […]
Archive | General Appraisal
Six Things to Expect When Appraising Your Commercial Property
If you are a home-owner, then at some point you have probably been exposed to the appraisal process. Of course this is a necessary step in order to obtain a loan. One might think that the process is the same when obtaining a commercial loan. Many aspects are the same, but, as shown below, due […]
Four Things Competent Investors do Before Buying Real Estate
Recently, at a get-together with some old friends, the topic of the sale listing of an old local watering hole came up. This property had been on the market for over ten years with an asking price that was way above market, and it got me to thinking about the factors to consider before buying […]
5 Reasons Why Your Property Didn’t Appraise For What You Thought it Should
Have you ever gotten an appraisal back on your property and were disappointed by the results? You were certain you had a good idea what the property was worth, yet the appraiser has come back with something significantly lower, and you can’t comprehend how he/she has come up with that value. You might say something […]
How Do I Read My Lease?
Signing a lease can be an intimidating process. What are my real costs? Who is paying for what? Among the additional expenses added to the base rent, Common Area Maintenance (CAM), taxes, insurance, janitorial costs, or refuse costs are the most common. The key is to understand the terms used in a lease. There are […]
How do I Choose an Appraiser?
There are many reasons to engage the services of a real estate appraiser. Banks need appraisals for loan disposition and financing decisions, and they usually obtain these reports through their own network of approved appraisers. However there are many other uses for appraisals including sales/marketing, tax appeals, divorce, estate planning, bankruptcy, partnership buyout and foreclosure. […]
My Old School
Do you remember that old song from the seventies? It popped into my head recently as I drove by a local school being demolished. Even though I did not attend this school, it kind of made me sad that a 110 year old building is suddenly gone. Imagine the number of people who darkened […]
Commercial Appraisal Is Not Home Appraisal.. And Why
What’s The Difference? Welcome to my website. I will attempt to use this space to provide useful information and to educate those who might be unfamiliar with commercial real estate valuation. I often get questions regarding home appraisals and why they are so different from commercial appraisals. If I had to give one answer, it […]