Martes, Marso 15, 2016

Some Things Your Should Know About The Commercial Real Estate Appraisal Process

If you have never had a commercial real estate appraisal, the concept can seem pretty foreign to you. I have gone through it more than once, and I can honestly say that some parts of it are still confusing to me. Here are a couple of things I believe you should know before you get started.

The first thing you must remember is that the inspection is only a small part of the process. This is the beginning, and there are several more steps before you will be at the conclusion. There are reports that have to be written and research that has to be done. In some cases, it can take a few weeks to complete. Check with for more info.

Never try to be dishonest with an appraiser. Most of the time when they ask you questions about a property, they already know what the answer is. 

Being dishonest will not help you gain them as an ally, which you would desperately need if there was some reason that you would have to head to court with someone concerning the property. While the process if very involved, understanding these points will help you greatly along the way.

Linggo, Marso 13, 2016

I Disputed My Tax Assessment And Prevailed, Thanks To Real Estate Appraisals

When I received my tax assessment in the mail, I was worried that I was going to have to pay a lot more in taxes for the year. A friend suggested I talked to an appraiser, as real estate appraisals sometimes result in an adjusted tax assessment.

I reached out to an appraiser who was able to find different comparable sales and provide an alternate opinion of value. As a result, I was able to have my tax assessment value reduced. My taxes are much more reasonable these days.