{"id":1004031656,"date":"2011-08-17T10:02:25","date_gmt":"2011-08-17T18:02:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004031656"},"modified":"2022-12-08T06:22:09","modified_gmt":"2022-12-08T14:22:09","slug":"the-need-to-determine-appraised-value-in-todays-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-need-to-determine-appraised-value-in-todays-market\/","title":{"rendered":"The Need to Determine Appraised Value in Today&#8217;s Market"},"content":{"rendered":"<p><strong>By Ben Price,<\/strong><br \/>\n<em>First Vice President, Regents Bank<\/em><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/Finance-Ben-Price-headshot.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004031657\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-need-to-determine-appraised-value-in-todays-market\/finance-ben-price-headshot\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/Finance-Ben-Price-headshot.jpg\" data-orig-size=\"231,348\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Finance &#8211; Ben Price headshot\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/Finance-Ben-Price-headshot.jpg?w=231\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/Finance-Ben-Price-headshot.jpg\" alt=\"\" title=\"Finance - Ben Price headshot\" width=\"150\" height=\"150\" class=\"alignright size-thumbnail wp-image-1004031657\" \/><\/a><\/p>\n<p>Many lenders are re-appraising properties that secure the loans in their portfolios. In today\u2019s market, relying solely on comparable properties to determine value is a mistake. Whether your property loan is being re-appraised or you are applying for a new loan, understanding the information your bank needs may expedite the appraisal and review process. <\/p>\n<p>A lender will have more confidence in a property value estimate knowing the comparable data has been verified by a direct participant of the transaction. Finding sale comparables in today\u2019s market is difficult. Some comparables don\u2019t make sense, and using these sales without proper analysis could cause costly valuation mistakes. <\/p>\n<p>The appraiser should confirm each sale with someone who has firsthand knowledge of the transaction, such as the listing or selling broker or the buyer and\/or seller. Buyer and seller motivations play a key role in establishing the sale price.<\/p>\n<p>In addition to the standard information included in an appraisal, other important factors include offered concessions, the type of financing terms and the length of time the property has been on the market. And it\u2019s always a good idea to obtain the broker\u2019s, or buyer\u2019s\/seller\u2019s, opinion of the property for information that might not be obvious. <\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>By Ben Price,<\/strong> <em>First Vice President, Regents Bank<\/em><\/p>\n<p>Many lenders are re-appraising properties that secure the loans in their portfolios. In today&#8217;s market, relying solely on comparable assets to determine property value is a mistake.<\/p>\n","protected":false},"author":1201,"featured_media":1004031657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004031656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Need to Determine Appraised Value in Today&#039;s Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-need-to-determine-appraised-value-in-todays-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Need to Determine Appraised Value in Today&#039;s Market\" \/>\n<meta property=\"og:description\" content=\"By Ben Price, First Vice President, Regents Bank Many lenders are re-appraising properties that secure the loans in their portfolios. In today&#039;s market, relying solely on comparable assets to determine property value is a mistake.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-need-to-determine-appraised-value-in-todays-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-17T18:02:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:22:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/Finance-Ben-Price-headshot.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"231\" \/>\n\t<meta property=\"og:image:height\" content=\"348\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-need-to-determine-appraised-value-in-todays-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-need-to-determine-appraised-value-in-todays-market\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"The Need to Determine Appraised Value in Today&#8217;s Market\",\"datePublished\":\"2011-08-17T18:02:25+00:00\",\"dateModified\":\"2022-12-08T14:22:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-need-to-determine-appraised-value-in-todays-market\\\/\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-need-to-determine-appraised-value-in-todays-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/08\\\/Finance-Ben-Price-headshot.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-need-to-determine-appraised-value-in-todays-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-need-to-determine-appraised-value-in-todays-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-need-to-determine-appraised-value-in-todays-market\\\/\",\"name\":\"The Need to Determine Appraised Value in Today's Market - 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