There are several essential steps in the commercial property appraisal process. The first step is the preliminary survey or the pre-appraisal. This is when the appraiser identifies the property and verifies ownership…
Category: Real Estate
Commercial Appraisals – Page 03
Commercial appraisals require several crucial considerations. Firstly, market value is determined by inspecting the property and comparing it with recently sold, comparable properties in the vicinity, also known as ‘comps’. Secondly, income…
Commercial Appraisals – Page 04
Understanding the evaluation approach for business-oriented real estate entails several steps. The first stage involves selecting the appropriate valuation method. Commonly used methods include the Sales Comparison Approach, Cost Approach, or Income…
Commercial Appraisals
Commercial appraisals are vital for estimating the market value of a property and are often guided by several key factors. First, the location of the property, which can directly affect the value,…
Real Estate Appraisal
The basic concepts in real estate appraisal involve an in-depth scrutiny of numerous elements, bringing them together to establish the most accurate market value for the property in question. Firstly, the principle…
Real Estate Appraisal – Page 02
In property valuation, two essential elements are market analysis and three approaches to value determination. Market analysis is pivotal since the value of real estate is determined by supply and demand dynamics….
Real Estate Appraisal – Page 03
Establishing a solid understanding of key notions in real estate appraisal is fundamental. Central to this is the idea of market value, which denotes the probable sum a willing buyer would give,…
Real Estate Appraisal – Page 04
The real estate assessment procedure can be segmented into various steps. Initially, an appraiser begins with a physical inspection of the property, both the interior and exterior. It’s crucial to assess the…
Real Estate Easements
Easements in real estate refer to the legal rights accorded to a party or entity over another person’s property. They provide non-owners with access to or through the property for specific purposes….
Real Estate Easements – Page 02
Real estate easements present unique elements within property law, as they involve rights to utilise a section of land owned by another individual. They are integral components of property transactions, and as…