An appraiser then values the structure, usually at a 15% markup to building costs.
Hewitt was nailed because he failed to pay for an appraisal by a qualified appraiser.
The FDIC also has authorized seven fidelity bond, attorney malpractice, and appraiser malpractice lawsuits.
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If the appraiser's price has come in significantly lower, ask your agent to explain why.
He's been a cattle appraiser and auctioneer, an agricultural reporter, a football referee and a rancher.
Generally, an appraiser with knowledge of the area and type of property is required.
Perella Weinberg Partners was hired as an outside appraiser to value independently the joint venture.
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Now the client is marshaling information to give the appraiser that could support an even lower value.
Mr. Mohamed is a prominent Sacramento real estate broker, certified real estate appraiser, and big time entrepreneur.
Appraiser Jonathan Miller says that homes that are too specific to a particular family are tough to market.
You must also either describe your valuation method in detail, or provide an appraisal from a qualified appraiser.
Elizabeth Essner, a New York design appraiser and consultant, has given her Brooklyn Heights duplex a Swedish makeover.
Pistole, the real estate appraiser, says it may be time to think small.
McInnis appraiser Dan Meader told CNN that the family engaged McInnis last May.
Now, if you give a family member a minority share in your business, an appraiser legally can discount its value.
You might note that Mr. Mohamed was a certified appraiser so you might think he would know what to do.
Once an appraisal is done, homeowners should double-check all the appraiser's facts for accuracy, both for their home and its comparables.
Prior to the sale, the boxes were opened at the bank and a Doyle appraiser decided how to catalogue the items.
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As a prospective purchaser or seller, the investor may feel that the property has more or less risk than the appraiser.
In a BPO a real estate broker, not an appraiser, uses their familiarity with the local market to estimate a property's value.
Of course when you hire an appraiser, she should not be giving you a different answer depending on what your purpose is.
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"They are some of the highest in the nation, " said Howard Goldstein, a New Jersey-based liquor license appraiser, about the state's liquor permit prices.
Mr. Miller, the appraiser, said homes on lower levels with obstructed views are likely to see the biggest drops in value in the short term.
The purchase price reflected Mr. Erbey's documented cost basis in the property and was within the market value range provided by an independent third-party appraiser.
Homeowners who enlarge their garages may see a high payoff when it comes time to sell, says Ray McCarthy, a real-estate appraiser in Bloomfield, N.
If an appraisal is required, the appraiser needs to get paid.
When I got to the office, my face was scrutinized by my co-workers with the intensity of an appraiser checking the foundation of a 150-year-old house.
About a year ago, notes real estate appraiser Steve Pistole, prices were rising 2% a month, while those in Portland were "only" rising 8% a year.
According to Karen Keane, CEO of Skinner auction house and an appraiser on the Antiques Roadshow, the top tier of the market will increase in value.
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In New York City, real-estate appraiser Jonathan Miller estimates that as much as one-third of condo and townhouse sales in Manhattan went to international buyers last year.
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