A real estate professional who is helping a client with inheriting real estate should provide advice on how to determine the value of the property and how to dispose of it promptly—so that the process will run as smoothly and quickly as possible.
This week’s appraisal news includes an article that outlines what exactly makes a comparable a good one, how vintage features in a home can be appraised accurately, the specifics about consumer optimism over their home’s value, and more. What makes for good sales comparables? Comparables…
There are challenges that come with appraising rural properties. Often they are located in remote areas, where few comps exist. How do you figure in factors such as arable or nonarable land, a working farm, timberland, wetlands, or a forest preserve? Appraising rural or remote…
How much will modern smart home technology affect an appraisal, if at all? Nowadays, a homeowner can control just about any home device, remotely, via a smartphone: computers, HVAC, audio/visual equipment, surveillance cameras, ovens and slow cookers, you name it. Will a home that’s…
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