By John Simpson, on November 15th, 2009%
So getting rentals is really hard, as is getting your sales verified. What else is different between appraising in the bad times versus the good?
What’s Old is New Again
If you’re fishing for cap rates, there will be so few sales that it’s almost impossible to get a good sample. Then the list gets even smaller because . . . → Read More: Commercial Appraisal Realities in "The Great Recession" – Part 2 of 2
By John Simpson, on October 18th, 2009%
In Part 1, we explored the oxymoron created when trying to determine market value when you have listings of very comparable properties being sold for liquidation prices. Now let’s go over a couple more quandaries that make appraising so difficult in a down market.
The Verification Conflict
There is a big problem out there with verification. What do . . . → Read More: The Down Market Appraisal Quandary – Part 2 of 2
By John Simpson, on October 17th, 2009%
When the economy is in a recession, the number of commercial property sales dwindles to a handful. Appraisers have to expand the radius they would normally search in an average or strong economy. No matter how many sales are put together, there are two huge problems facing the industry in a down market that directly affects . . . → Read More: The Down Market Appraisal Quandary – Part 1 of 2