Tag Archive for: commercial property

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3 Major Myths about Commercial Real Estate Appraisals

Commercial real estate appraisals are seen quite differently depending on whose eyes they are seen through. Lenders consider it their basis for the whole process just after the borrower's ability to pay, while borrowers see it as a necessary…
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The Declining Use of the Cost Approach for Commercial Real Estate Appraisals

In the past twenty years the use of the cost approach for appraising commercial real estate has taken a drastic downturn. The principle of substitution is the basis for using the cost approach. The cost approach valuation is derived by adding…
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Relying on Professionals When Buying Commercial Real Estate

Would you rely on an amateur if you needed surgery? What about hiring an inexperienced dentist to perform a root canal? The same should be asked if you are purchasing commercial real estate. Don’t ignore the professionals when you are about…