Residential Appraisal

Facts are Facts, Right?
Appraisers find from their very first day in training that property information collected from a source that "is deemed reliable" like the county Assessor or from an owner about a property may not be factual. For example a gross building area may be indicated to be 2,100 square feet by the Assessor but when you get to the property you measure it to be 2,200 square feet. Or the Assessor's data may say there are 2 bathrooms when there are in fact 3. Facts are only factual when you confirm the data through a first hand inspection. Continue reading →

Appraising Homes on Tribal Land
My experiences with appraising a single-family residential (SFR) home on an Indian reservation I am sure are not unique, but there were important differences between a typical appraisal and the tribal one. Most important is the fact that the property owner held a leasehold estate and not a fee estate in the real property. The lease indicated that 65 years remained on the leasehold and a provision in the lease indicated that it could be renewed at the end of its term. The SFR building that I appraised was noted to be over 10 years old and with an age-life expectancy of 55 years the building Continue reading →
Top Categories
- Appraisal Business Operation — 4
- Real Estate Markets — 2
- Residential Appraisal — 2
- Technology — 2
- Condemnation / Eminent Domain — 1
- Going-Concern / Business Appraisals — 1
- Industrial Appraisal — 1
- Real Estate Finance — 1
- Report Writing — 1
- Valuation & the Law — 1
- Valuation / Appraisal Process — 1
- Value Influences — 1
SITE FOR SALE
This "sister" website to our established Appraisal Articles website that is located at www.appraisalarticles.com is FOR SALE or for lease together with 100 custom written appraisal-related articles
Included with a purchase is the transfer of the URL, use of the website template, 100 custom written articles that display the buyer as the author with email contact and backlinks, 3 years of free hosting and free troubleshooting.
Contact me if you are interested at grigdon@cox.net.
Random Articles
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...
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...
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...
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...