by Shawna | Sep 20, 2022 | Blog
Keeping your property in top condition is not difficult if it is a continuing effort. There will be a plan in place for making ongoing improvements by investing a portion of each year’s income. Failure to do this will result in a neglected property. Many investment...
by Shawna | Sep 20, 2022 | Blog
A purchase-option contract lets the buyer-optionee purchase a property at a specific price within a certain period of time. If the option is exercised, a closing is held and the property is purchased at the price previously agreed upon. There is no legal obligation to...
by Shawna | Sep 20, 2022 | Blog
The purpose of any real estate appraisal is to determine the market value of the property being appraised. The handbook of the Appraisal Institute defines market value as; “The most probable price which a property should bring in a competitive and open market under...
by Shawna | Sep 19, 2022 | Blog
West Virginia appraiser board must provide guidance after rejecting licenses “West Virginia Gov. Jim Justice on March 30 signed HB 4285, legislation that makes technical changes to the state’s Real Estate Appraiser Licensing and Certification Act. Now, the...
by Shawna | Sep 19, 2022 | Blog
Whether times are good or bad, lenders always have foreclosed properties in inventory. During a recession, the inventory may be high. One of the problems that banks and insurance companies have is disposing of this real estate owned (REO). They are faced with the...
by Shawna | Sep 19, 2022 | Blog
Owners must think about vacancies when checking a prospective tenant. Will the tenant’s business survive? When you have a prospective tenant for a commercial center, you must consider whether that prospect would be a good tenant. There are two key standards to apply;...
