My first real job was as a licensed broker at a real estate firm that sold both residential and commercial property.
It was a home before the highway became more well traveled and a couple of extra lanes were added.
In China, Germany, and Japan, automated parking structures have been engineered and constructed for a few years.
Many of us have seen more than one commercial real estate market cycle from boom to bust and back again, but many have not.
An Assessment Professional recently posed a question on this topic: When is lost income from non-rented apartment units a valid charge as an expense, and when is it not?
Unless you are driven by necessity to only consider price, why do you pick one hotel over others in the same market? Location is usually the first reason on the list.
The guy across the hearing table appears increasingly agitated about his assessed value.
The (daylight active) eagle famously has extraordinary eyesight, with four times the sharpness of humans.
Never at a loss for relating almost anything to income-based analysis for real property, I find a ready analogy in the renovation of an older car.
Recent history tells us that real property values almost never stand still.
The appeals process reminds us to focus on equity for the taxpayer.
The title of this post does not have a typo.
Or said another way: The viewpoint of one who doesn’t speak the truth.
When comparing the new Explosion SUV to the more elegant but similarly sized Extravaganza, you start to appreciate the nuance of subtlety.
Check out the following example, where the stated information was citied as a basis for market valuation:
What is a hot spot?
Buyer & Seller… sounds like oil & water, right?
Given that money is involved, tax appeals are often contentious affairs.
Many of these posts are intended to assist the newer Assessment Professional in learning commercial and industrial (C/I) property valuation.
Most states by now have adopted strict rules for real estate professionals establishing the concept of “agency”.