How to Speed up the Commercial Real Estate Appraisal Process

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By Mark L. Plourde, MAI When the parties of interest in a commercial real estate transaction finally reach agreement, and financing is a component of the deal, why does it then take so long to get a commercial real estate appraisal report completed?  The simple answer is there are many obstacles to overcome in the valuation process for credible results. …

The “Cap Rate”

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By Mark L. Plourde, MAI Published on Mereda   You may hear the term “Cap Rate” in discussions or articles involving commercial real estate. Even if you already have an understanding of what the term means, here is a little more insight from an appraiser’s perspective.   Simply put, a “Cap” Rate is used to convert income into value. To …

Opinions of Value

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Opinions of Value – and why they differ By Mark L. Plourde, MAI So you ask a simple question “What’s my property worth?”. Depending on whom you ask, the answer may be given quite quickly, but also may vary quite widely! Why is there such a difference? Perhaps it wasn’t clear just “what” the property actually consists of. For instance …

The Role of the Appraiser

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The Role of the Real Estate Appraiser By Mark L. Plourde, MAI   What is the role of the real estate Appraiser in a purchase and sale transaction? Why isn’t the contract price used as the measure of market value? Well, for starters, one proposed transaction does not constitute a “market” in terms of value. Just because one buyer and …