New Articles
COVID-19 and Commercial Real Estate
There's not a lot of information out there on commercial real estate transactions in Las Vegas, NV as of the 1st week in May but the few commercial sales that were transacted in March and April of 2020 appeared typical of January and February of 2020. Continue reading →
Appraisers Working with Attorneys
Attorneys generally don’t want to hear an appraiser’s thoughts about their case. Even if an appraiser’s planned conversation is about their appraisal report or about the valuation completed by the opposing appraiser they may not answer your phone call. Unless an attorney has a deposition of the opposing appraiser scheduled in the near future they often don’t want to hear what you have to say. If that deposition of the opposing appraiser is looming they may decide in a panic that they want you to become an advocate for them when you thought you had been hired as an independent appraiser. “Ye Continue reading →
Using Excel for Appraisal Graphs
If you are willing to take the time to work with Excel you will find that the program offers a number of options that will provide great analytics and professional-looking chart result. The program is well-suited to real property since you can keep data on a single property in rows or in columns. Continue reading →
Fast Food Restaurant Appraisals - Cap Rates
Even considering the capitalization rate to be applied to the cash flow derived from a fast food restaurant is complex. This short article discusses some of the considerations made by appraisers when they analyzed lease terms that relate to a fast food restaurant. The article is not meant to provide a complete analytic picture but it does give those who going down this road some idea of what factors are considered. Establishing a capitalization rate for a fast food restaurant is an important appraisal element, and one of several consideration when analyzing value Continue reading →
What Appears Simple May be Complex
Appraisers try to find comparable property sales that are in the immediate vicinity of the property they are trying to appraise. For residential appraisals they try to find a home built by the same builder, in the same year and in the same subdivision. In Henderson, Nevada you can often find the exact same model of home in a tract development. It's as close to being an exact match as possible. If you know what the matched property sold for in the last few months you are generally going to get very close to the market value of the subject. Continue reading →
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Random Articles
Cancel that Appraisal !
There are not many things that are more deflating than accepting an appraisal order made by a bank, individual or company and then having them turn...
What Appears Simple May be Complex
Appraisers try to find comparable property sales that are in the immediate vicinity of the property they are trying to appraise. For residential...
Appraisers Working with Attorneys
Attorneys generally don’t want to hear an appraiser’s thoughts about their case. Even if an appraiser’s planned conversation is about their...
Cost-to-Cure Appraisal Estimates
Appraisers are often put into situations in which they must estimate the cost-to-cure various items of deferred maintenance or the cost to...
Searching for Appraisers and Appraisal Services Online
Do banks search for appraisers online? It’s a reasonable question to ask. Banks generally form appraisal relationship within their local...