Dart Appraisal’s experienced appraisal review team routinely review a variety of unique commercial and residential appraisal reports. The licensed appraisal review team, with over 20 years’ experience, have seen appraisals on almost every property type.
Dart Appraisal President, Michael Dresden attended the Mortgage Bankers Associations 2018 Annual Conference in Washington, DC where Brian Montgomery, FHA commissioner discussed reverse mortgages changes and stated FHA is seeing some things in forward FHA appraisals
The Federal Housing Administration, FHA, announced effective 10/1/2018 they will require a second appraisal on select reverse mortgage loans that are flagged by the agency as having the potential for an inflated property valuation.
Dart Appraisal offers insight clients may find useful. This includes a list of important characteristics to note, as well as potential situations, and the impact they may have on the valuation of a commercial property. We will discuss things one may see when either viewing commercial property directly, or in photographs depicted in an appraisal report.
Capitalization rates are one of the areas that receive a lot of analysis within the commercial appraisal world. Various firms and data services report monthly, quarterly, and annual trend data as it relates to capitalization rates. Capitalization is the conversion of income to value. A capitalization rate is the rate used to convert income into value.
Dart Appraisal’s commercial appraisal review team often encounter what appears to be a common misunderstanding about which value scenario should be used in handling proposed construction in an appraisal report, the hypothetical “As Complete” value scenario or the prospective “Upon Completion” value scenario.
Dart Appraisal always has two goals in mind – acquiring competitive bids for you and providing quality appraisals that meet your deadlines. As we focus on obtaining competitive bids and maintaining a quality level of service, we offer the following commercial appraisal tips to keep in mind…
The Mortgage Bankers Association Research group released a report highlighting market trends in relation to the commercial/multi-family real estate industry. 2017 was a record setting year for commercial real estate finance with $530 billion in loans backed by commercial and multifamily properties.