In many markets, the model of the lone real estate agent has given way to a team-oriented approach. You may be on the fence about working with a real estate team. It’s important to consider the advantages and disadvantages before you make the commitment…
An overbuilt improvement or superadequacy (a type of functional obsolescence) is more probable in a luxury home than a standard home. As a luxury home becomes more unique, the costs will typically increase, which in turn shrinks the pool of available buyers and increases…
If you’re a real estate appraiser looking for an exciting new challenge, luxury home appraisal is a desirable niche to consider breaking into. Just for fun, we recently asked our appraisal community, “Which fictional luxury home would you want to appraise?” Answer choices ranged…
It was predicted last year that the new tax laws in the US, limiting deductions on mortgage interest and property tax, would cause a slowdown in the overall real estate market. However, it would seem that they have had very little effect. According to…
Specializing in a particular property type is a great way to gain success as an appraiser. It also gives you the opportunity to do more work in an area that interests you. We recently asked our appraisal community, “What kind of property would you…
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