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10 Questions To Ask Before Hiring a Commercial Real Estate Appraiser

Before employing the services of a commercial real estate appraiser, it makes sense to engage potential appraisers in a thorough discussion about their appraisal experience, business background and general viewpoint about the type of property…
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Estimating Capitalization Rates – Part III

In the first two parts of this series, we have introduced and defined four different methods of estimating capitalization rates. In this part of the series, we will take a detailed look at market-derivation methods and the factors that should…
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Supporting Capitalization Rates – Part II

In the first part of this series we talked about the importance of accurately estimating the capitalization rate within a direct capitalization analysis and briefly introduced four common methods used to estimate a capitalization rate (OAR).…
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Supporting Capitalization Rates – Part I

The Income Approach is the main approach to value when appraising a property that is purchased for its income producing ability. This series will take a look at one of the key components of the direct capitalization analysis, a common technique…
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Extraordinary Considerations When Appraising a Commercial Condominium

Extraordinary Considerations When Appraising a Commercial Condominium When appraising a commercial condominium, the appraiser has additional considerations compared to the appraisal of a non-condominium real estate property. The appraiser…
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Commercial Real Estate Appraisal and Estate Settlement

Although estate settlement can be stressful to the relatives of the deceased, it is an important task that requires conscientious decision making throughout the process. The executor of the estate has been given the duty to fulfill the desires…
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Lodging Facilities and Average Daily Rate

When appraising a lodging facility such as a motel, hotel, extended-stay hotel, campground, or destination resort one of the key issues an appraiser faces is determining the potential gross income within the Income Approach to valuation.…
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Office Property Appraisal and the Proper Valuation Techniques, Part 3

In the third part of our look into the appraisal of office building properties, we will focus on some important issues related to the selection of comparable rental properties within the Income Approach. In order to have a reliable valuation,…