[youtube=http://youtu.be/eGSIQcg8ZzA] A common question I receive in my commercial real estate appraisal practice is “How much is my property really worth?” My immediate thought is “well, that’s why you hire an appraiser!” Kidding aside, all real estate markets are influenced by the attitudes and motivations of buyers and sellers, which in turn are subject to…
Month: February 2015
Minneapolis/St. Paul – 2015 Commercial Real Estate Trends and Forecast
I attended the 2015 St. Cloud State Real Estate Alumni Banquet on Thursday, February 5, 2015 and the 2015 Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, February 6, 2015. Below are a few key highlights from the evening event and half-day seminar. Retail Trends Most…
Outstate MN – Apartment Trends
Outstate MN – Apartment Trends In the past 12 to 18 months, I have appraised numerous outstate Minnesota apartments ranging in size from about 20 to 100 units. The geographic region has spanned the “banana belt” surrounding the Minneapolis/St. Paul metropolitan area. The primary cities forming the “banana belt” include Rochester, Mankato, St. Cloud and…
Working with your appraiser helps deliver a more reasonable value
Working with your appraiser helps deliver a more reasonable value The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Here are a few things that highlight the…