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Showing posts from January, 2021

Five Steps To Becoming a Commercial Real Estate Agent

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  Before becoming a real estate agent, you should have knowledge in commercial real estate. Then only you can approach your clients. Because, when people want to sell or buy a property, they don’t have knowledge in real estate. So they need a guidance to move the next process. Here are some steps to helps the people to know the knowledge in commercial real estate. Know Your Market Find Your focus Do Your Research Development is About Knowing Your Network Agility is Key To Success Know Your Market       The Real estate is closely influences by political, social and broader economic forces that affect the property value and also people’s buying and selling decisions. When you're dealing with local and national business requires a special market’s characteristics.   There are four considerations to shaped by the commercial real estate market. Property Demand Property Rarity Property Utility Property Transferability Demand is about both the quantity of properties wanted at a specified

Valuation Of Business Personal Property To Maximize Your Efficiency

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If you are a business owner who owns a building, land, or property, you will be probably familiar with business property taxes. In any case, you might be liable for paying business personal property taxes in addition to your other taxes. Read on to learn about the valuations of business personal property. Why Is Personal Property Valued? There are a fairly consistent set of reasons people require valuation of business personal property including: Accounting / depreciation Impairment of value Casualty loss Business valuation Business dissolution Divorce Estate taxes Property taxes Methods For Valuing Personal Property: The three primary approaches to valuation are cost, income and the sales comparison approach. These approaches are used for valuing real estate, businesses and personal property. Cost Approach The cost approach is an appropriate valuation method. It is based on the assumption that the cost of a property should be equal to the cost of building a similar property from scra

TOP 5 SOFTWARE TOOLS TO STREAMLINE YOUR APPRAISAL PROCESS:

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  Appraisal software offers many opportunities to grow your efficiency and increase your productivity. Real estate appraisers know all too well that time is money. So how can you streamline your appraisal process to complete more appraisals? There are several companies out there offering innovative solutions of appraisal software. Here are several appraisal software tools worth checking out. HomePuter forms processing software HomePuter’s Forms Processing Software package brings all the latest Fannie Mae, Freddie Mac, FHA, and VA forms, as well as Lender/Client-specific forms and AMC-specific forms. It also comes with USPAP addenda, auto-mapping, FEMA flood maps, census data, photo imaging, free signature scan, and other features. And it brings a compliance checker that provides warnings and errors, which is very much useful for us to identify the corrections easily. Appraise-It software suite SFREP’s Appraise-It software gives you the advantage of including photos, sketches, maps, sig

SHOULD I SUBMIT A RESIDENTIAL PROPERTY TAX PROTEST ANNUALLY?

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  If you are a homeowner, a residential property tax protest should always be on your radar around this time of year - even if you filed one last year and won. Filing a residential property tax protest is vital to bringing that valuation down to an appropriate number and lowering your tax bill for as long as you are in the home. Why Should You Protest Every Year? There are many reasons you should file a residential property tax protest each year, regardless of how it went the year before. Whether you won your dissent and decreased your tax rate in the years past, you actually have a shot at doing it again. In fact, because of those past protests, your chances may even be higher. Here’s why, as a homeowner protesting your property taxes annually is important. It improves your chances of future protests .  If you have a history of protesting your property taxes in Texas , it shows you know what the fair value of your home should be. On the off chance that you don't, it shows your ap

What makes the commercial real estate appraisal software “good”?

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  The business of real estate brings up a number of professional activities. One of these is appraisal. This is the determination of the present market value of a particular asset. Appraisal is often done before a sale. This process was initially performed manually and today there are lots of software tools which are specifically designed for appraisal purposes. By using real estate appraisal software, the process will be performed quicker and more accurate.   The Best Commercial Real Estate Appraisal Software: The software applications out there today help appraisers pull market data, analyze comps, and generate different types of customized reports. Here is the best commercial real estate appraisal software. CARS CARS (Commercial Assessment Reporting System) is the most advanced commercial real estate assessment report writing software on the market that allows you to fully streamline the appraisal process. CARS is connected to National data, which can automatically pre fill your ap