Below you'll find a list of all posts that have been categorized as “Educational”
On April 9, 2018 the Federal Financial Institution Regulatory Agencies adopted a Final Rule regarding Real Estate Appraisals that increased the loan threshold level from $250,000 up to $500,000, at or below which Appraisals are not required for commercial real estate transactions. The Agencies made this change after a period of study and public comment. It was determined that the …
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 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 …
