by admin | Oct 10, 2017 | News
When completing a valuation, real estate appraisers must establish the highest and best use for the property in question. But what exactly does this mean? To establish the highest and best use of a property, one must determine whether it is possible, or even allowable...
by admin | Oct 10, 2017 | News
When producing their reports, appraisers must determine an appropriate date of valuation. While this may sound straightforward, in reality, the date of valuation can be a nuanced detail that shapes the entire appraisal. A property’s value can be appraised as of the...
by admin | Oct 10, 2017 | News
Commercial real estate appraisers use three main approaches to help derive their estimates: the Cost Approach, Direct Comparison Approach and The Income Approach. Individually, each one of these techniques has its limitations, however, when paired with other methods...
by admin | Oct 10, 2017 | News
While many professionals in the real estate industry are willing to offer their opinion on a property’s value, not all estimates can be considered equal. Beware of informal estimates given by participants in the real estate industry or others with potential ulterior...
