Dart Appraisal’s experienced appraisal review team routinely reviews a variety of unique commercial and residential appraisal reports. The licensed appraisal review team, with over 20 years’ experience, have seen appraisals on almost every property type.
Dart Appraisal President, Michael Dresden attended the Mortgage Bankers Associations 2018 Annual Conference in Washington, DC where Brian Montgomery, FHA commissioner discussed reverse mortgages changes and stated FHA is seeing some things in forward FHA appraisals
The Federal Housing Administration, FHA, announced effective 10/1/2018 they will require a second appraisal on select reverse mortgage loans that are flagged by the agency as having the potential for an inflated property valuation.
Dart Appraisal offers insight clients may find useful. This includes a list of important characteristics to note, as well as potential situations, and the impact they may have on the valuation of a commercial property. We will discuss things one may see when either viewing commercial property directly, or in photographs depicted in an appraisal report.
Capitalization rates are one of the areas that receive a lot of analysis within the commercial appraisal world. Various firms and data services report monthly, quarterly, and annual trend data as it relates to capitalization rates. Capitalization is the conversion of income to value. A capitalization rate is the rate used to convert income into value.
Dart Appraisal’s commercial appraisal review team often encounter what appears to be a common misunderstanding about which value scenario should be used in handling proposed construction in an appraisal report, the hypothetical “As Complete” value scenario or the prospective “Upon Completion” value scenario.
2600 W. Big Beaver Road Suite 540
Troy, MI 48084
248-273-8660
1220 Circle 75 Parkway Suite 760
Atlanta, GA 30339
678-483-4420
2100 NJ-35
Sea Girt, NJ 08750
732-556-4000
