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1) Commercial Real Estate Appraisal Income Approach
Author:
Patrick C. O'Connor/O'Connor & Associates
Category:
Real Estate
The income approach is often given primary emphasis when appraising a commercial real estate used to generate income. Estimates of value via the income approach are highly sensitive to changes in revenue, expense and capitalization rates.
Correctly performing a cost approach analysis appears to be and is technically difficult. It appears easy to correctly prepare an income approach analysis for commercial real estate. However, correctly preparing the analysis requires three criteria: 1. an...
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2) Tax Reductions through Cost Segregation, Not Tax Shelters
Author:
Patrick C. O'Connor/O'Connor & Associates
Category:
Finance
Tax reductions and tax deductions are both benefits of cost segregation. However, it would be inaccurate to term cost segregation a tax shelter. The IRS has written a manual titled Audit Techniques Guide that delineates methods to establish depreciation schedules and increase tax reductions.
Tax shelter is a moniker that implies a scheme designed to avoid taxes. Some tax shelters were legal and some were clearly illegal. Most of the tax shelters focused exclusively on tax benefits and did n...
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3) Casualty Loss Can Generate Massive Tax Deductions
Author:
Patrick C. O'Connor/O'Connor & Associates
Category:
Finance
A casualty loss may occur as a result of a flood, hurricane, tornado, mudslide or other natural disaster. The intuitive thought pattern is: "My apartment complex worth $5,000,000 suffered major damage totaling $1,500,000 for repairs and rent loss. Fortunately, I was completely covered for both physical damage and rent loss, other than a small deductible. There is clearly no casualty loss I can claim as a tax deduction, right?"
Tax deductions are the basis for tax reduction. Tax deductions r...
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4) Cost Segregation - Tax Deductions
Author:
Patrick C. O'Connor/O'Connor & Associates
Category:
Real Estate
"Few of us ever test our powers of deduction, except when filling out an income tax form" - Laurence J. Peter, U.S. Educator
By understanding business tax deductions, business owners may enjoy personal benefits from business expenditures - entertaining clients or donating to charitable organizations, - if they follow the myriad tax rules.
Only half of business entertainment expenses can be deducted. Eligible business entertainment consists of taking a client to a ball game, a concert, o...
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5) The Significant Role of Appraisers of Property.
Author:
William King
Category:
Real Estate
Appraisals are a must if you are planning to sell your property. Appraisals are deciding factors of what your house can fetch you, so make sure that you do your best to ensure a fair valuation of your property. Getting an experienced valuator, a real estate agent and finally your own presence can help you to influence the valuator so that they can judge your property better.
If you are about to sell your property, then the valuator of the property can make or break the deal. Any one who valu...
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6) Role of valuator in appraisal and sale of a property
Author:
William King
Category:
Real Estate
This article highlights the importance of appraisal of a property while selling it, and also outlines the role of the appraisers and the individuals selling their property to ensure the best valuation of the property.
The valuators can be the ultimate people to determine how much money you get from the sale of your property. They can make a good or a bad deal of it!
If you ask someone what he estimates to be the value of his house, the answer will be the maximum any individual wants to p...
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7) Property Appraisal - Why it is Important
Author:
Arthur Caro
Category:
Real Estate
A professional property appraisal should be completed on every home you buy or sell. If you bought buy a property 20 years ago for $100,000 and sold it for $300,000, it sure sounds like you did well for yourself. But what if the property was actually worth $500,000? With that new information it does not sound like you actually did all that great now. Such disastrous sales are often the result when people place property on the market without performing a proper property appraisal.As sh...
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8) How to Prepare For a Home Appraisal
Author:
Gloria Smith
Category:
Real Estate
Most people should know what their home is worth. If they don't then it would be time to have it appraised without delay. In any case, what your home is really worth is a mitigating factor for deciding the money you should be able to obtain from it should you ever decide to sell. Below are a couple of pointers as to how you could get the most out of a home appraisal.First of all you need to do your best to remain out of the appraiser way while he is in your house. It could be a tempta...
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9) Appraisals Part I
Author:
Bryan Benson
Category:
Real Estate
Time and time again I have told people to get their own appraisals. This is what you need to be thinking. This is how your mindset needs to be. If I go out and ask somebody to get an appraisal what credibility does it have unless I go through somebody that a bank would also vouch for?Now you can go through somebody that a bank will take (and you probably should) but still you need to be the one doing the hiring of the appraisal.Think about it people! That is the basic point, r...
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10) What to Expect From a House Appraisal .
Author:
LocateAppraisers
Category:
Finance
Whether you are looking to buy, sell, or refinance a home, you will find yourself in need of a house appraisal. It's the work of the home appraiser that helps to assess and determine the current market value of the home in order for the lender and the seller to get the best possible terms and deal from the home's true worth. If you are about to have a house appraisal at your home, you may have some concerns. Here is what you need to know about that visit.
Typical Length of an Appraisal
A...
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11) Preparing for Your Home Appraisal .
Author:
LocateAppraisers
Category:
Finance
Whether they are buying or selling a home, there will come a time when a person needs to enlist the services of a house appraisal. The home appraiser will come to the home and assess its market value so that the lender or the seller can find out the worth of a home to meet their needs. If you are the home owner whose home needs to be appraised, here's what you need to know about getting your home ready for the appraiser's visit.
Typical Length of an Appraisal
A house appraisal isn't somet...
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12) The Necessity of A Property Appraisal
Author:
LocateAppraisers
Category:
Finance
It doesn't matter if you are buying or selling a property, because a real estate appraiser is important to the deal. To find out the true value of the property, the appraiser will check out the home and measure the square footage. This helps to protect the seller, the buyer and the lenders during the home purchase. Here reasons why the real estate property appraiser is so important.
Discovering the Property's True Value
When selling a home, it's natural to try to get as much money for it...
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13) Why is a Property Appraiser Important to the Home Buying Process?
Author:
LocateAppraisers
Category:
Finance
Why is a Property Appraiser Important to the Home Buying Process?
It doesn't matter what part of the home buying process you are a part of -- the buyer or the seller -- a real estate appraiser is important to you and necessary to the home transaction. An impartial appraiser will come in and check out the home and property and come up with true value. The appraiser does this in order to protect the seller, buyer and lender, all of whom are involved in a home purchase. Here are some reason...
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14) Finding Your Spot In The Real Estate Appraisal Business .
Author:
LocateAppraisers
Category:
Finance
Finding Your Spot In The Real Estate Appraisal Business
All of the factors are adding up to a big demand of real estate appraisers -- the real estate market is hot, more people than ever are looking for a place to call home and sellers are looking for control over their home sales. To get a good assessment of the value of a home and to get a loan for a home purchase, consumers need to hire a real estate appraiser, who is invaluable to the process of home ownership.
Finding the right edu...
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15) How to Start In The Real Estate Appraisal Business .
Author:
LocateAppraisers
Category:
Finance
How to Start In The Real Estate Appraisal Business
With a hot real estate market, more people than ever are looking for a place to call home and raising housing prices, there is an increased need for real estate appraisers. They have become more important to the process of buying a home, people sellers want to have an accurate assessment of the value of the property and buyers want to be able to get loans for the home purchases. For both sides, a real estate appraisers is invaluable. But how...
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16) Implementing Competencies - 6 Things To Avoid
Author:
Pam Kennett
Category:
Business
Competencies have been around a long time. But there are a number of pitfalls organisations run into when implementing them in their business.1. 'Sell' competencies as an HR initiative.They might not sound strategic to the non HR person, but competency models have the potential to deliver millions in extra revenue and output - don't underestimate or undersell them. Line managers love competency models as they provide a language to describe performance, give feedback and targ...
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17) Autograph Values - Identifying the Value of an Autograph - So, What's It Worth?
Author:
Brian Kathenes
Category:
Arts and Entertainment
Perhaps the most commonly asked question I hear is; "So, what's it worth?" The question may pertain to a four language ship's paper signed by James Madison and James Monroe, a signed photograph of movie star and sex symbol Marilyn Monroe, or a hand-written letter by Union General (posthumously promoted) Samuel K. Zook. Frequently it is an innocent request for a "ball park figure" on a specific item. As a professional appraiser it is difficult to formulate a simple one-word answer.E...
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18) What Can a Real Estate Appraisal Do for You?
Author:
Pablo Soto
Category:
Real Estate
What is PMI and how to get rid of itAssuming a decent credit rating, any potential home buyer can secure a loan for a house. Why? Because these transactions are secured by a very valuable asset: the home itself. If a borrower defaults on a loan, the risk for the lender is often only the difference between the value of the home and the amount outstanding on the loan, less the amount it costs them to foreclose and resell the property. For this reason, lenders are very wary of lending mo...
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19) What Is An MAI Appraisal?
Author:
Anthony Seruga
Category:
Real Estate
MAI appraisals are among the most sought after appraisals in the commercial real estate world. MAI stands for Member of the Appraisal Institute, a trade organization which monitors appraisers and holds them to a higher standard than appraisers who are merely licensed and do not belong to such an organization. There are other appraisal trade organizations active in the world of real estate. However, MAI is the best known, and thus the most popular.Technically, there is no such thing...
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20) Is This Any Way to Do Performance Appraisals?
Author:
Michael Beek
Category:
Business
In the August issue of HR Magazine, an article written by Paul Falcone was published entitled, "Big-Picture Performance Appraisal."Mr. Falcone is an author specializing in human resource topics......but, I was taken aback by what he was proposing in this article about how to look at deciding on an individual's overall rating. He suggests that you go back to the old-school bell-curve concept.He argues that each unit in the business should first rate itself on a 1 to 5 sca...
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