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It is used to determine the market value of a property, taking into account the condition of the home, the surrounding area, and various other factors.

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Average cost of a commercial appraisal?

2500


What are the three types of Project Appraisal?

Commercial , Financial , Technical .


How can an appraisal help the value of commercial real estate?

An appraisal would help determine the correct and most accurate value of a property. Ensuring that no revenue is lost, and the correct price bracket is used depending on location, condition and previous prices.


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How long is a commercial appraisal good for?

A commercial appraisal is generally considered valid for six months to one year, depending on market conditions and the specifics of the property. However, if there are significant changes in the real estate market, property condition, or zoning laws, the appraisal may become outdated sooner. Lenders and investors often prefer more recent appraisals for financing or investment decisions, so it's essential to stay updated. Always check with local regulations or specific lender requirements for guidance on appraisal validity.


How much money does a commercial property appraiser make?

A commercial real estate appraiser/analyst with an MAI professional designation from The Appraisal Institute can make well into a six figure annual income. Most MAI appraisers are self-employed, although the banking industry, particularly large regional and national banks, hire staff MAI appraisers as appraisal reviewers. For more information search The Appraisal Institutes's web site.


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Difference between performance appraisal and potential appraisal?

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