Archive for the ‘Uncategorized’ Category
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Politics and Real Estate: Conjoined Twins
Some people ask me, “Why are you so involved in political discussions?” Then, there are others who are far more critical of my involvement in political discussion (including my own son). And, there are yet others who are also in the real estate industry, who warn me, “You’re going to alienate potential clients by talking [...]
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Tale of the Email Subject Line
If you’re like me, you get upward of 500 emails every day. Once upon a time, I used to hate getting so many emails, because of all the Spam (junk email), such as the countless offers of “Genuine Viagra” (don’t these people know who their sending this too?), offers to buy an MBA or PhD, [...]
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“Common-Sense” Appraising Isn’t So Common
There are few things in life that, to me, are less complicated than basic economics, understanding human behavior, and estimating the value of the property rights associated with a parcel of real estate. That’s because, they’re each based on common sense interpretations of everyday events in life.
Let’s take a common-sense example in economics: When there [...] -
Valuation: How Many Approaches Are Enough?
Over the last several decades, I’ve had countless debates with numerous people in the appraisal industry about how many different valuation methods, or “approaches” are appropriate for use in a single appraisal assignment of one property being used for a single purpose (such as a multi-tenant retail strip being used as such). And, I just [...]
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Foreclosure Solution: The Assumable Mortgage
So, what IS an “assumable mortgage”?
An “assumable mortgage” is exactly what it sounds like; it is when a buyer agrees to take over the payments from the seller on the seller’s existing mortgage.
Sounds simple enough, right? And, it is.
Many people don’t know this, but, mortgage assumptions were quite common during the 40± years from the [...]
