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| How often should my property be appraised? |
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| Written by Brian Chester |
| Friday, 20 November 2009 09:08 |
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How often should my property be appraised?
Previously, the Appraisal Institute recommended that commercial property be appraised at least once every three years. Just recently they have indicated their support for revisions to the Global Investment Performance Standards, which recommend that commercial property be appraised once every 12 months. The reasons given were to protect investors in this time of rapidly deteriorating market conditions. Real estate values are in flux as never before as we face higher unemployment, decreased demand, tighter lending requirements and bank failures due in no small part to falling real estate values. Add this page to your favorite Social Bookmarking websites |
| Last Updated on Monday, 30 November 2009 15:22 |
