Getting A Home Or Commercial Real Estate Inspection During COVID-19 As real estate appraisers, we are starting to see changes in the methods used for home and commercial real-estate inspections during the COVID-19 crisis. At the time of writing (late April 2020), some overall fear Read more…
From The Trenches: Post-COVID 19 Real Estate Market Predictions On March 13th, the US declared a national emergency due to COVID-19. Now, we’re just about a month into this and starting to wonder about the long-term impacts on commercial real Read more…
The Church Transformation Trend In Louisville A review of the sharp increase in repurposed church properties over the last few years. Our commercial appraisal firm has appraised plenty of existing churches and proposed churches over the years. However, one trend Read more…
Restricted Appraisal Reports Available For More Users For 2020 As appraisers, we must follow national guidelines called USPAP. In Kentucky, we are actually bound by the law as certified appraisers to follow the USPAP guidelines. For the last few years, Read more…
Importance Of Ongoing Market Research In Commercial Real Estate Appraising Bell Ferris is a small firm, but we think big. Ongoing market research in commercial real estate appraising is an important step to the success of our approach much like Read more…
We predict that in this decade, we’ll see the development of the Urton Lane Corridor and the Rehl Road Interchange area as the next big areas for commercial development in Louisville, KY. Urton Lane is a winding, narrow, 2-lane road Read more…
Appraising Income-Producing Properties. Rents Tell The Story I started appraising in 2003, like a lot of appraisers. This was the boom time for mortgage lending which eventually led up to the 2007-2008 crash and subsequent 5-year recession. One thing I learned is Read more…
As appraisers, we are permitted by USPAP to write two different types of reports: Restricted Appraisal Report or Appraisal Report. The method we are supposed to use when valuing a property is in two stages: Development and Reporting. Development means Read more…
Recently, we worked on a vacant land appraisal in Louisville, KY. So, how do I value this parcel? I’ve said many times before that land is the hardest to appraise. How do I attack this problem? Is it a nice Read more…
Commercial appraisers are faced with appraisal assignments regularly that involve net leased properties. So, what is a net leased property? Well, it is a property leased by a national tenant for an absolute no-expense arrangement to the property owner. This Read more…
