Appraisers frequently have their work reviewed, especially when an appraisal’s intended use is for financing. Reviewing appraisals is routinely part of the job description for appraisers employed by lending institutions. But the scope of work for review assignments varies significantly, and sometimes reviews are performed by non-appraisers. Both appraisers and their clients need to clearly […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/Appraisal-Reviews-Vs.-Review-Appraisals_-Whatu2019s-the-Difference_-compressor.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2019-02-11 08:00:452019-05-27 02:42:14Appraisal Reviews Vs. Review Appraisals: What’s the Difference?
Many residential appraisals don’t require the application of the cost approach, but there are situations where separate value opinions for land and improvements are necessary. In certain circumstances, the sales comparison approach is hampered by a shortage of sale properties that are truly comparable to the subject. Experienced appraisers recognize that a peculiar improved property […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/Is-That-Improved-Comparable-Sale-Actually-a-Land-Sale_-min.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2019-02-04 08:00:172019-05-27 02:43:35Is That Improved Comparable Sale Actually a Land Sale?
Appraisals of the same property by different appraisers are rarely the same. Differing value opinions are usually a result of various factors. When an appraisal user encounters contrasting value conclusions for one property, they can decide— by considering several variables — which conclusion is most reliable.
What is the process when private real estate is needed for public projects? ‘Eminent domain’ is the label frequently used to describe that process, and its basis lies in the U.S. Constitution. All U.S. states, including Massachusetts, have their respective statutes regarding the state taking private real property. Although eminent domain’s application has expanded in […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/Eminent-Domain-Issues-in-Massachusetts-Real-Estate-min.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2019-01-21 07:00:332019-05-27 02:54:27Eminent Domain Issues in Massachusetts & New England
The digital age has disrupted many traditional businesses. Ridesharing has upset the taxi business; online marketplaces have, to a large extent, replaced newspaper classified ads. Residential real estate markets are flexing to accommodate fast-growing short-term rental companies such as Airbnb and VRBO. Owner-occupied homes now have the potential for limited rentals; houses purchased for investment […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/Shortterm-min.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2019-01-14 07:00:272019-05-27 03:03:05Short-Term Rentals, New Regulations, and Appraisal Considerations
Appraisal Reviews Vs. Review Appraisals: What’s the Difference?
Appraisers frequently have their work reviewed, especially when an appraisal’s intended use is for financing. Reviewing appraisals is routinely part of the job description for appraisers employed by lending institutions. But the scope of work for review assignments varies significantly, and sometimes reviews are performed by non-appraisers. Both appraisers and their clients need to clearly […]
Is That Improved Comparable Sale Actually a Land Sale?
Many residential appraisals don’t require the application of the cost approach, but there are situations where separate value opinions for land and improvements are necessary. In certain circumstances, the sales comparison approach is hampered by a shortage of sale properties that are truly comparable to the subject. Experienced appraisers recognize that a peculiar improved property […]
One Property, Two Appraisal Conclusions: Why Value Estimates Differ
Appraisals of the same property by different appraisers are rarely the same. Differing value opinions are usually a result of various factors. When an appraisal user encounters contrasting value conclusions for one property, they can decide— by considering several variables — which conclusion is most reliable.
Eminent Domain Issues in Massachusetts & New England
What is the process when private real estate is needed for public projects? ‘Eminent domain’ is the label frequently used to describe that process, and its basis lies in the U.S. Constitution. All U.S. states, including Massachusetts, have their respective statutes regarding the state taking private real property. Although eminent domain’s application has expanded in […]
Short-Term Rentals, New Regulations, and Appraisal Considerations
The digital age has disrupted many traditional businesses. Ridesharing has upset the taxi business; online marketplaces have, to a large extent, replaced newspaper classified ads. Residential real estate markets are flexing to accommodate fast-growing short-term rental companies such as Airbnb and VRBO. Owner-occupied homes now have the potential for limited rentals; houses purchased for investment […]