Entries by Admin

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Appraising Green Buildings: Do Solar Panels Add Value to the Property?

From eliminating disposable straws to banning single-use plastic bags, reducing human impact on the environment is at the forefront of many citizens’ minds in recent years. As a result, the real estate industry is progressively adopting ecology-minded trends, resulting in the gradual emergence of green buildings (both commercial and residential) across the country. Green buildings […]

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Assuring Appraiser Competency

The variety of real property that appraisers are asked to review are nearly limitless. This is particularly true of commercial appraisers whose assignments may include appraising vacant land, office buildings, retail complexes, industrial properties, and special use buildings. Licensed and certified appraisers must be competent enough to perform any assignments they accept; however, no one […]

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Analyzing Comparable Sales: Units of Comparison

Appraisals express value as the monetary relationship between properties and those who buy, sell or use those properties, as defined by the Uniform Standards of Professional Practice(USPAP). Fundamental to appraisal practice is the idea of comparing the subject of an assignment to other properties. The Sales Comparison Approach is the foundation of appraisal analysis: appraisers […]

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Boston’s Proposed Just Cause Eviction Legislation: Facts and Effects

Since 2015, legislative officials of Boston have been developing legislation concerning residential evictions in the city. Even though that legislation has failed to advance in the Massachusetts legislature, its proponents continue to work on a revised version for 2019. Residential real estate values are likely to be affected whether or not the bill is ultimately […]

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Economic Trends Affecting New England Real Estate in 2019

The demand for all types of real estate in New England reflects region-wide economic factors. While the national economy influences geographical real estate values, some 2019 trends unique to New England are especially important to buyers and investors. These trends include labor characteristics, financial considerations, and population behavior.

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Appraisal Reviews Vs. Review Appraisals: What’s the Difference?

Appraisers frequently have their work reviewed, especially when an appraisal’s intended use is for financing. Reviewing appraisals is routinely part of the job description for appraisers employed by lending institutions. But the scope of work for review assignments varies significantly, and sometimes reviews are performed by non-appraisers. Both appraisers and their clients need to clearly […]