Commercial, Industrial, Agricultural real estate are typically valued in relation to their ability to produce income.We deals in Office Building, Retail Building, Shopping Mall, Hotel, Motel and Mix use Building. All people in the mortgage-origination process want to ensure the appraiser’s opinion is as close as possible to their own estimations. Direct Capitalization is most appropriate the appraisal of commercial property when the income stream is expected to be stabilized and market oriented through the anticipated holding period.
A residential appraisal is a defensible and carefully documented opinion of value and an important part of the home buy process. An appraiser provides a professional, unbiased opinion of market value, to be used in making real estate decisions. Lenders require appraisals when buyers use their new homes as security for their mortgages. Appraisers present a formal analysis in the appraisal reports.An appraisal provides the lender with an assurance that the property will sell for at least the amount of money it is lending.
Retrospective Appraisals. Simply put, a retrospective appraisal is the estimated value of a property in the past. An Historical appraisal (retroactive appraisal) are performed to determine Market Value where the effective date of the appraisal is a date in the past. This type of appraisal may be necessary when someone has died and their estate needs to be settled, or for valuing property that has been received as a gift. In short Retrospective Appraisals is “The value of a property on a specific previous date”.
For investors new to the resource sector, one of the most important things to know is what prefeasibility and feasibility studies are.A feasibility study tests the viability of an idea, a project or even a new business. The goal of a feasibility study is to place emphasis on potential problems that could occur if a project is pursued and determine if, after all significant factors are considered, the project should be pursued.
Have you heard the term “insurance appraisal” at your strata meeting and wondered what exactly it is and why it is needed? A reliable and comprehensive insurance appraisal performed by an experienced appraiser, to protect a very valuable asset, is hugely important. The purpose of an appraisal is to ensure that the entire property is insured to a supportable dollar amount. This is called the Total Insurable Value.
The property taxes you pay are primarily based on your property’s assessed value as determined by the County Assessor. If you disagree with value established by the Assessor, you can appeal that value to the Assessment Appeals Board.The appeal process mainly involves the dispute over the Assessed Value of the property. Because the Assessed Value is 50% of the estimated market value.