Rental properties
Tax Lien
Tax Deed
Tax deed is a lot like Tax lien in that it involves someone who is behind on their property taxes on their home. It appears easy to correctly prepare an income approach analysis for commercial real estate.
Commercial income properties can be valued based on the leased fee estate. Valuation of the leased fee estate is more appropriate for properties with above market or below market rents. Valuing properties with below market rental rates based strictly upon its actual rental rates would understate its value. Valuing it using market rental rates would overstate its market value.
Rental rates are usually obtained from rental comparables, subject property leases and aggregate market data.
Market Value = NOI / Cap Rate
NOI is net operating income. Cap rate is capitalization rate.
Market Value = Gross Possible Rent x GRM
It is abstracted from market data and discussions with market participants.
Effective gross income is abstracted from market data and discussions with market participants.
The income approach is often given primary emphasis in appraising income properties.
Commercial Real Estate Appraisals Gift Tax Valuations Renovation / Upgrading Cost Benefit Analysis

February 4th, 2012
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Real estate agents do. Smart agents hand their cards to people they meet at networking events, Chamber of Commerce meetings, and social events.