The inside of the decline of the real estate housing market is a place you must visit to get a grasp on what is happening in the market place. Some are wondering why and how properties continue to fall at this rate. There are places in the Chicagoland market where property values are dropping more [...]
House Market Value
February 9, 2009 By 1 Comment
House market value is another way of saying fair market value. They are the price a buyer would pay for real estate and its bundle of rights given adequate exposure to the market and funds available. When these words are spoken about real estate, typically an appraiser is called in to render their opinion of [...]
Property Comparables Determine Value
February 8, 2009 By 1 Comment
The real estate market is definitely in a state of flux, but the fundamentals remain the same. Property comparables still determine value. The problem people are having is that as property values continue to fall, some are wondering what really determine property values. It is difficult to accept this reality but it is all we [...]
SUBJECT TO APPRAISAL, It’s Based on the Future Value of a Property.
February 25, 2008 By 4 Comments
There are various types of real estate appraisals an investor needs from time to time. Today, we will be discussing “Subject To” appraisals. What is a “Subject to” appraisal? “Subject to” appraisals are sometimes referred to as after-repair value, ARV, appraisals. This is because the value of the appraisal is given as if the repairs [...]
