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An early record was achieved in the 1880s for the sale of the Philadelphia Post Office building for $425,000, then a record for a piece of real estate at auction. [5] Through the 1990s, Freeman's was driven by high volume. The house would sell 50,000 lots a year, at an average of $110 per lot, and make $5.5 million.
In Germany, real estate appraisal is known as real estate valuation (Immobilienbewertung). Real estate appraisers (Immobilienbewerter or Gutachter) can qualify to become a Öffentlich bestellter und vereidigter Sachverständiger (officially appointed and sworn expert). However, this formerly very important title has lost a lot of its importance ...
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
The American Society of Appraisers (ASA) is an American nonprofit organization which serves as a professional affiliation of appraisers. The organization is a multi-discipline, voluntary membership, trade association representing and promoting their member appraisers .
Kim Zolciak and Kroy Biermann’s Georgia Home Put Up for Public Auction. The estranged couple, who met on 'The Real Housewives of Atlanta,' first listed their Alpharetta mansion for $6 million in ...
The Appraisal Institute (AI), headquartered in Chicago, Illinois, is an international association of professional real estate appraisers. [1] It was founded in January 1991 when the American Institute of Real Estate Appraisers (AIREA) and the Society of Residential Appraisers merged. The AIREA and the Society were respectively founded in 1932 ...
An appraisal was needed, the court held, because Ohio law said market value was not the deciding factor in stock valuation. Additionally, Cliffs Corp. and the plaintiffs in the suit disagreed sharply over the value of mines, railroads, freights, hydro-electric power plants, and various real estate, timber, and other lands owned by Cleveland-Cliffs.
The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...
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