So you want to finance commercial real estate and the bank requires an appraisal. Here are a few things you should know about hiring an appraiser. As defined by the Uniform Standards of Professional Appraisal Practice (USPAP), the client is “The party or parties (i.e., individual, group, or entity) who engage an appraiser by
A call from a client requesting an appraiser to reconsider something in an appraisal is rarely welcomed. However, it has been happening since appraisal reports began being communicated in a written format.
The Massachusetts and Rhode Island Chapter of the Appraisal Institute had a very productive and successful 2019 under the leadership of Gregory Curtis, MAI! A very special thank you to Greg and our executive director, Lianne Andreucci! As always, our chapter continued to provide the best in appraisal education
Chicago, IL Jefferson Sherman, MAI, AI-GRS, of Highland Heights, Ohio, began his one-year term as president of the Appraisal Institute on January 1. The Appraisal Institute is one of the nation’s largest professional associations of real estate appraisers
Connecticut rings in the new year with five Public Acts which affect the real estate profession. Following are summaries of the acts; detailed information on all Public Acts can be found on the Connecticut General Assembly website: https://www.cga.ct.gov
Commercial real estate markets will continue to be increasingly competitive and decreasingly liquid as 2020 unfolds. Many traditional measures such as rent, selling prices, vacancy/occupancy rates will slideways, or bounce marginally in both directions.
Mark Twain once summarized Benjamin Disraeli’s statement that there are “lies, damn lies, and statistics.” In researching the question of whether housing supply can keep up with new job growth, I found myself siding with Twain.
Norwood, MA The Mass. and R.I. chapter of the Appraisal Institute hosted its holiday meeting and installation of officers and directors on December 4
th at Four Points by Sheraton. George Demopulos was named the 2020 president.
From the Massachusetts Association of Realtors (MAR): The number of homes for sale and new homes added to the market went down in October. A spokesman notes, “Homeowners seem more inclined to stay off the market rather than risk having nothing to buy after the sale goes through
I wanted to take a moment to personally thank Don MacKay for his hard work over the past year as president of the chapter. He has done a tremendous job keeping up with the many tasks required of him. He deserves some recognition for his strong leadership, which has had a broad
