Midtown Appraisal Group’s Post

How are pre-construction buyers coping with lower appraisals at closing (which we're seeing more than we used to)? https://ow.ly/MUfv50SHIe0 . . #appraisals #valuations #newconstruction #housing

Real estate appraisals are often based on comparable sales. But what happens when there haven't been any comparable sales in the neighbourhood? https://ow.ly/RqmN50U00pr . . #realestate #valuations #AACI #CRA #comparablesales #comps

Real estate appraisals are often based on comparable sales. But what happens when there haven't been any comparable sales in the neighbourhood? https://ow.ly/ipk550U00pp . . #realestate #valuations #AACI #CRA #comparablesales #comps

What you need to know about estate appraisals: https://ow.ly/OYkM50Tmvwv . . #realestate #housing #appraisals #valuations #AACI #CRA

What appraisers need to know about the current real estate market: https://ow.ly/cvJv50TFhVi . . #appraisers #realestate #valuations #property

Land is bearing the brunt of the current market turbulence. I'm sure your inbox is also being inundated with receivership land sales. This article summarizes the main issues with land very succinctly, and features land expert Jeremiah Shamess,.

What appraisers need to know about the current real estate market: https://ow.ly/M6UQ50TFhVk . . #appraisers #realestate #valuations #property

💥 𝐒𝐎𝐋𝐃 𝐟𝐭.💲𝟐𝟓𝟎,𝟎𝟎𝟎 𝐫𝐞𝐭𝐮𝐫𝐧!! 𝐀 𝐡𝐮𝐠𝐞 𝐓𝐇𝐀𝐍𝐊 𝐘𝐎𝐔 🙏 𝐭𝐨 Tristan Bouchard 𝐟𝐨𝐫 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐦𝐲 𝐝𝐮𝐩𝐥𝐞𝐱 💥🥳 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲: ➡️ Sept 2020: purchase with 5% down payment only ➡️ the duplex was initially sitting on a 6,300 sq.ft. land which I divided into 2 separate lots in Sept 2021 ➡️ enhanced this 100-year-old property with an interior drainage system along all 4 foundation walls + reinforced/stabilized the structure with foundation jacks ➡️ Oct 2024: sold with a 98K capital gain + pocketing the repaid principal & keeping the new parcel of land (111K as per 2024 assessed value) ➡️ overall, that’s a +246K return, from an initial investment of 19K – THAT really is the power of using leverage!! 💡 𝐈𝐧 𝐭𝐞𝐫𝐦𝐬 𝐨𝐟 𝐦𝐨𝐧𝐢𝐞𝐬 𝐟𝐥𝐨𝐰𝐢𝐧𝐠 𝐛𝐚𝐜𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐥𝐨𝐜𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐲: 💲45K to local Contractors for renovations & improvements 💲35K to Professionals (notaries, inspectors, appraisers, CPAs, lawyers, real estate agents) 💲20K in municipal & school taxes 💲10K in sales taxes 💲and... 63K in mortgage interest (thank you skyrocketing rates 🤒) This was another fantastic deal 💥 Now, on to even bigger wins!! 🚀 Want to discuss investment opportunities and strategies? Feel free to reach me, looking forward to brainstorming ideas 💪💪 #realestate #plex #multifamily #rental #investment #strategy #immobilier #immo #montreal

Does a finished basement add value to your appraisal? the answer isn't always obvious. https://ow.ly/TKPo50RB0cy . . #appraisals #valuations #properties #realestate

Complex residential properties: How to identify and appraise them. https://ow.ly/hx7Z50SpJbJ . . #residential #realestate #appraisals #valuations #complexity