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, [...]
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 [...]
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 [...]
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± [...]
In many high population communities there are retail shopping centers on virtually every corner. Such is the case in the greater Phoenix area, for example, where the major roads are laid out in a 1 square mile perimeter grid pattern, there is typically at least 1 (but, more commonly 2) retail community strip center on [...]
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