Real estate appraisal

drive-thru traffic is increasing, especially when the restaurant is close to the freeway. In those cases, the drive-thru business is close to 70 percent of the restaurant’s total business…the two-kiosk system will allow each restaurant to serve 40 to 50 more vehicles per hour over the single kiosk system.” Based on these comments from Jeff Brinks of Williams & Works, engineer for the subject property rebuild project I conclude the subject property, building improvements do not suffer from functional obsolescence. The last form of depreciation to be accounted for is from economic obsolescence. The IAAO definition of external obsolescence specifically states this form of obsolescence is usually locational in nature in the depreciation of real estate. The subject property has been successful at this location since it was first improved with a fast food building in 1974. This is evidenced by the owner’s decision to spend significant resources rebuilding the structure from the ground up rather than relocating. Otherwise, the owners would have logically relocated the fast food improvements if the location suffered from external obsolescence. Therefore, based on this market evidence I conclude the subject property building improvements do not suffer from external (economic) obsolescence.…

some point in the future and you won 't be surprised and possibly disappointed later. This article is basically about home inspection for dummies. Whenever real estate agents sell a home they are required to…

We can then advise you on what to do next. The four main ways to buy a home are: • By offer and negotiation (usually done via the real estate agent) • By auction (where all interested parties place bids against each other) • By tender (where all interested parties put in a written offer for the seller to consider) • By private sale (usually done without a real estate agent and is a negotiation between the seller and buyer) Lawyer’s fees Lawyer’s fees vary so it is important to shop around to…

In many real estate transactions, home inspections are the first and the last actions taken by the home’s seller. There reasons for both instances are beneficial to the seller for determining the condition of the home and establishing the market listing price. Most homeowners have a sense of pride in their home and from time to time there are mishaps that can surprise the seller resulting in costly expenses for repaid. It’s worth having specialists check the areas a home inspector of your…

Introduction According to the Canadian Real Estate Association the current nature of real estate market in Canada stays stable with high capacity for borrowing providing favorable conditions for potential investors and gives an opportunity to the variety of careers in this industry to stay sustainable and attractive (CREA, 2016). Real estate industry provides multiple distinguish careers, however there are three of them that I consider most interesting to me. They are: property appraiser…

can get even trickier. • If you are in the market to refinance your co-op mortgage, talk to one of our mortgage professionals and allow them to guide you through the complications of a cooperative mortgage. Defining a Cooperative The actual term cooperative refers to a group, usually a corporation, which owns real estate. Most cooperatives own apartment buildings or similar real estate with multiple units. Therefore, when you buy a share of the cooperative, you receive a proprietary lease on…

major concerns include the ability to meet a large monthly mortgage repayment if they unexpectedly become unemployed. Some worry a superior home will go on sale shortly after buying the property, whereas others worry if they will get along with their neighbors. It is Perfectly Normal to Have Doubts Those Fearing Buyer?s Remorse? Should meet and chat with an expert real estate agent. In fact, few realize, the…

Contents Introduction 2 Literature Review 3 Discussion 5 Introduction Real property is defined as the benefits, rights, interests and encumbrances that are inherent in the ownership of a physically present real estate. Real estate is taken to be the land along with all the improvements that maybe permanently affixed to that land. Real estate valuation is hence a means of providing quantitative measure of all the liabilities and benefits associated with ownership of the real estate.…

Property Manager Nature of the Work Property manager is a third party, who is hired to maintain and operate real estate investment such as residential, commercial, industrial, office, retail and/or land on a daily basis (Eberlin, 2016). The property manager needs to ensure that the revenue of the owner’s property is maximized, the costs are minimized and that there is a good working relationship with the property owners and tenants (OREA, 2014, p. 319). The nature of the job consists of…

Don't believe the common misconception that the only money you need to buy a home is the down payment. Read more: The Hidden Costs of Buying a Home I NEED TO FIND A HOUSE FIRST BEFORE TALKING TO A BANK OR MORTGAGE COMPANY This is one of the biggest misconception in home buying that exists until today. It is advisable for you to discuss your financing options and get a mortgage pre-approval before you do your home shopping. Why is that? • YOU NEED IT IN MAKING A PURCHASE OFFER - Seller requires…