In the last few years there has been a trend toward a complete discounting of the Cost Approach to value in residential appraisal. For owner occupied homes, the sole technique is now the Sales Comparison Analysis, which involves selecting and comparing individual property sales to a subject property.Many lenders and government agencies no longer require the Cost Approach technique, even on new or nearly new construction, and appraisers are often instructed to omit it completely, or not to place any reliance on the results. When a lender does require that the Cost Approach be completed, it seems that this is only so that a proper amount of homeowner insurance can be determined. This is, of course, something critically important to the lender as well as the homeowner, but should not be the only criteria for the use of a cost-depreciation analysis.Years ago a Cost Approach was always required for an appraisal report. The basis of this approach was the Principle of Substitution, which … [Read more...] about Real Estate Appraisal – Bring Back the Cost Approach
Heavy equipment appraiser
Buying stolen goods on a regular basis has now become a part of life for few wholesalers, retailers and few other savvy consumers. This was all made possible because of the online auction site PropertyRoom.com which was founded in 1999 by former police detective Tom Lane.This site sells lost or stolen merchandise which the police have been unable to return to their owners. The total value of the published items came to $34 million in 2008 - and almost 40% of the amount came only from watches and jewelry.The Chief Executive Officer P.J. Bellomo said, "We've been flying under the radar for years and only started growing significantly in the past two or three. We're the McDonald's of jewelry outlets, and McDonald's is thriving in the current economy, so maybe it's no surprise that 2008 was the best year in our history."There are a few municipalities around the country who are using the online auctions to serve the wholesale markets by selling heavy equipments which they no longer need. … [Read more...] about Stolen Jewelry Brings Fortune to Police
As a savvy business owner, you may be aware of what a Sale Leaseback is, or may be you don't, but the Sale Leaseback type of lease is one of the most underutilized tools available in the financial market, offering significant advantages for today s business owner.Here is the book definition of a Sale Leaseback : An arrangement whereby a company sells fixed assets, currently owned, for cash to a lessor and leases the same from the lessor. Converts a fixed asset to cash. Selling price can be appraised value or book value, acceptable to the lessor. Book value may be best for the lessee to eliminate taxes. Huh?Put simply, this type of lease will get your cash out of an asset, such as a truck, that is free and clear. There is no lien against the truck and you owe no money on the truck. The bank will be able to appraise the truck and tell you how much it is currently worth and offer an amount of cash in return for monthly lease payments back to the bank for the cash you received. You can … [Read more...] about The Sale Leaseback – Quick Cash For Any Business
In a previous article, we touched on the Future of Mining Equipment Marketing and how heavy industry is using the internet to sell surplus mining equipment. In this article, we will review the specific assets disposal options mining companies can use.Equipment Brokers - Consignment Consignment involves hiring an equipment dealer, typically the company that sold you the equipment, to market and sell your surplus equipment.The consignment process:Consignee (broker) and Consignor (owner) agree upon market value of equipment. Execute or sign off on the consignment agreement. Equipment is listed/marketed by broker. Buyer submits a purchase offer on equipment. Equipment is sold and broker collects payment; broker retains commission; remaining funds sent to Consignor or owner of equipment; equipment is released to buyer. For this effort, the consignee or broker will charge a commission. Fees vary, depending on the asset type but typically … [Read more...] about Mining Equipment – How To Sell Your Surplus
Let's begin easing you out of the pits. I mean, comfort zone! I'm going to slowly and methodically give you as many little sparks and insights to the relatively simple ways that ordinary people use real estate to achieve extraordinary results.Stories are the best spark plugs. They let you casually observe from a safe, secure and understandable view point. I will write to answer most of the questions that I feel I myself would ask if I was reading what you are about to read.I want you to know something from the very start of this report and that something is this: I care about you and I sincerely mean that. I really do want you to move to a new comfort zone, one that is pleasurable and free from fear. A place where you realize you have the power to achieve greater things than you currently can imagine.It's possible for you to start being a more powerfully directed purpose-driven individual who is well organized and on track to higher achievement. You will change and grow, slowly … [Read more...] about Real Estate Stories that Show You How!