We hope that our collective experience that dates back to 1981, and the many resources and strategic alliances that we can draw upon, will help serve your needs quickly and efficiently. We combine technology, old fashioned personal service and our pledge of confidentiality to provide our clients with the highest quality service. Type of Property: If it is a single family home or condominium, the price will be typically less than a multi-family or commercial property.
Property Location: A property located in a highly populated area with many similar homes or condominiums will typically cost less than a similar type property that is located in a rural area where comparable sales might be difficult to find and spread out over several miles. A 6,000 sf Contemporary vs a 1200 sf Ranch. Lot Size: A home with a larger lot size than most other properties in the area will typically cost more than a property that has a typical lot size for the area.
A home on a 20 acre parcel vs a 10,000 sf lot will involve more travel time & research of area towns due to limited Comparable Sales.
Property Location: A property located in a highly populated area with many similar homes or condominiums will typically cost less than a similar type property that is located in a rural area where comparable sales might be difficult to find and spread out over several miles. A 6,000 sf Contemporary vs a 1200 sf Ranch. Lot Size: A home with a larger lot size than most other properties in the area will typically cost more than a property that has a typical lot size for the area.
A home on a 20 acre parcel vs a 10,000 sf lot will involve more travel time & research of area towns due to limited Comparable Sales.
Services
There are three ways to determine the value of anything, and each plays a part in property appraisal.
The most widely-used and accepted in residential practice is the sales comparison approach.
This approach bases its opinion of value on what similar properties in the vicinity have sold for recently, with appropriate adjustments for time, acreage, living area, amenities and so on.
It is these adjustments where the expertise of the professional appraiser becomes necessary -- no computer can tell you how much or little to mark up for a fireplace without knowing the neighborhood or even talking to Realtors and recent buyers in the area about how important that amenity is in that particular location.
The most widely-used and accepted in residential practice is the sales comparison approach.
This approach bases its opinion of value on what similar properties in the vicinity have sold for recently, with appropriate adjustments for time, acreage, living area, amenities and so on.
It is these adjustments where the expertise of the professional appraiser becomes necessary -- no computer can tell you how much or little to mark up for a fireplace without knowing the neighborhood or even talking to Realtors and recent buyers in the area about how important that amenity is in that particular location.
Mediation is another of the methods of alternative dispute resolution (ADR) available to parties.
Mediation is essentially a negotiation facilitated by a neutral third party.
Unlike arbitration, which is a process of ADR somewhat similar to trial, mediation doesn't involve decision making by the neutral third party.
ADR procedures can be initiated by the parties or may be compelled by legislation, the courts, or contractual terms.
When parties are unwilling or unable to resolve a dispute, one good option is to turn to mediation.
Mediation is essentially a negotiation facilitated by a neutral third party.
Unlike arbitration, which is a process of ADR somewhat similar to trial, mediation doesn't involve decision making by the neutral third party.
ADR procedures can be initiated by the parties or may be compelled by legislation, the courts, or contractual terms.
When parties are unwilling or unable to resolve a dispute, one good option is to turn to mediation.
The appraisal fee being paid is not conditioned on any agreement or understanding that the appraiser will report or guarantee a predetermined specific value, a predetermined minimum value, a range or direction in value, the value that favors the cause of any party, or the attachment of a specific result or occurrence of a specific subsequent event, such as approval of a pending mortgage loan application.
The appraisal fee is compensation for the appraiser to research and develop an unbiased opinion of the market value of the property in question, and provide a written report documenting the analysis.
The appraisal fee is compensation for the appraiser to research and develop an unbiased opinion of the market value of the property in question, and provide a written report documenting the analysis.
Reviews
Be the first to review Massachusetts Real Estate Advisors.
Write a Review
