Residential & Commercial Real Estate Appraisal Blog
The Difference Between a Real Estate Appraisal and Fair Value Analysis
Real estate portfolios or investment companies require the ability to determine the accurate and up-to-date fair value of their properties. There are two methods in which this can be conducted: a real estate appraisal or a fair market analysis. On the surface they may...
The Role of the Appraisal Contingency in Today’s Real Estate Market
In today’s market, homebuyers are doing all that they can to get a leg up on their competition. A shortage of homes for sale means that multiple offers are being made, properties are selling fast, and sale prices are well above asking. It is tempting to make a big...
The HELOC Appraisal May be Unavoidable, But It’s Nothing to Fear
Whatever your reason for taking out a home equity line of credit (HELOC), you’re probably going to need to have your home appraised before your bank will agree to advance you a loan. This HELOC appraisal will help the lender determine the value of your home to...
The Divorce Appraisal, Demystified
Getting divorced is almost always a stressful situation. In addition to the emotional toll that splitting with your spouse can take, the question of shared property owned by the couple can become particularly heated. For many couples, the most valuable and significant...
What Hurts a Home Appraisal? 5 Mistakes to Avoid
A property appraisal can be a stressful process, but if you’re going to sell or refinance your home, it’s probably unavoidable. Before a lender is going to advance any money, they’re going to want to make sure they have an objective, impartial account of your...
So, Your Appraisal Came in Low? Here’s How to Successfully Contest It…
Topping the list of nightmares anyone selling their home has suffered is discovering that their appraisal came in low. Imagine: You’ve carefully hired a local agent, marketed your home, reviewed offers, negotiated, and finally arrived at the closing stages of making a...
Impact of the 2021 Infrastructure Bill on Commercial Real Estate
On November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act (IIJA), which is commonly known as the “infrastructure bill.” This wide-ranging piece of legislation allots $1.2 million in spending to address the nation’s fragile...
5 Facts About Commercial Real Estate Appraisals
Whether you’re buying or selling a business, refinancing a loan, or taking out property insurance, chances are you’re going to first have to get your property appraised. Commercial real estate appraisals can be a nerve-wracking process, but they are a necessary part...
Get the Facts: 5 Home Appraisal Myths Debunked
The process of selling your home can be one of the most stressful experiences of your life, but many sellers tend to overlook one of the most stress-inducing steps: the home appraisal. Once you’ve placed your house up for sale and had someone accept your offer, you’re...
What is a Drive By Appraisal? The What, Why, Pros and Cons
Over the next few months, requests to get drive-appraisals done are bound to multiply, and this has a lot to do with a recent decision made by the U.S. Federal Reserve Bank. In March 2022, the Fed issued an interest rate increase that directly impacts home buyers and...
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