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Archive for November, 2009

November 27, 2009 Case Study: Pre-Loan Asset Verification

Asset verification is a significant part of Present Value’s services. We’ve written about it in the past here and here. Today, we’ll highlight a real-world example that demonstrates the importance of asset verification for responsible due diligence. Present Value had a client who owned a strip mall that included a movie theater. The movie theater [...]

November 24, 2009 Massachusetts Board of Real Estate Appraisers

The Massachusetts Board of Real Estate Appraisers (MBREA) serves the needs of real estate appraisers, real estate agents, lenders, borrowers, and homeowners. The MBREA offers continuing education for appraiser licensing and certification, and professional designations for appraisers that satisfy the requirements relating to experience, examination, and demonstration. Education of appraisal professionals is the cornerstone of [...]

November 19, 2009 Working with HVCC Regulations

A recent article in Banker & Tradesman suggests that consumer confidence in the real estate market is coming back. Coming out of the 2009 Realtors Conference & Expo in San Diego, the article indicates that in spite of the decline of the market, buyers are still looking for vacation and recreational properties. Industry experts, however, [...]

November 17, 2009 First-Time Homebuyer Tax Credit Extension

Those who were feeling the pressure to buy a home immediately in order to take advantage of the first-time homebuyer tax credit can relax a bit. On November 6, President Obama signed a bill that, among other things, extended the tax credit available for first-time homebuyers. Originally due to expire at the end of this [...]

November 12, 2009 Ad Valorem Tax

An ad valorem tax is a tax based on the value of real estate or personal property. Ad valorem is Latin for “according to value.” One example of an ad valorem tax is property tax, which a real estate owner pays on the value of the property being taxed. There are three kinds of property: [...]

November 10, 2009 Auction Value: Fair Market Value

We’re continuing our discussion of the three different types of value a certified appraiser will provide before a company auctions off its assets. Read the other posts on this topic here. Fair market value (FMV) is the estimated potential value of equipment and machinery if it were sold in an open market. The following assumptions [...]

November 5, 2009 Auction Value: Forced Liquidation

In this post, we’re continuing our discussion of the three different types of value a certified appraiser will provide before a company auctions off its assets. Read the first two posts here and here. Today, we’ll tackle the topic of forced liquidation value. Forced liquidation value assumes that a seller is being forced to sell [...]

November 3, 2009 Auction Value: Orderly Liquidation

In last week’s blog, we began a discussion about the three different types of value that a certified appraiser will provide prior to a company auctioning off its assets. In this blog, we will address the first type, orderly liquidation value. A liquidation value is the estimated amount of money a company’s assets could quickly [...]