> RFR’s- The Long-Term Benefits to Multi-Family Investors and Owners

Posted Posted in Real Estate

Appraisals – Reserves for Replacement One of the most mis-understood and often overlooked condition of owning a small income property is the Reserves for Replacements (RFR’s), or what is sometimes referred to as “Replacement Reserves”.  In commercial real estate transactions, replacement reserves are often mandatory and added to proformas for lending purposes, this to maintain the major components of a property during the life of the loan.  This is especially […]

> Appraising Luxury Homes – Determining Value When There Are No Comps

Posted Posted in Real Estate

Residential Appraisal Practice For luxury homes, the variables can be daunting.  The more complex the property features and amenities, the fewer the number of acceptable comps.  To complicate matters, most lenders require at least three sales (comps), not older than six months, be included in the report, but that’s sometimes easier said than done.  What about a luxury home that’s 20,000 square feet, or the subject property is a condo […]