Date(s) - 20/03/2019
6:30 pm - 8:30 pm
Curran's Irish Inn
Diversified Investors Group/HAPCO – Riverwards Sub Group
Date: March 20th, 2019
Location: Curran’s Irish Inn, 6900 State Rd, Philadelphia, PA 19135 (2nd Floor)
Guest Speaker: Keith McGregor, McGregor Appraisals LLC
Discussion: Real Estate Appraisals Explained: Real Estate Appraisals 101
When it comes time to buying a new investment property, the appraisal can make or break a deal. If the property appraises too low, your financing might fall through. In other cases, this might approve the loan but require new contingencies, such as a higher down payment—putting you on the spot to fill the gap.
What is a real estate appraisal?
When would you need an appraisal?
Who conducts an appraisal?
Understanding Real Estate Appraisals: Keith will discuss the three different approaches that appraisers use to determine a property’s value and what type of properties do they apply
• The Sales Comparison Approach
• The Cost Approach
• The Income Capitalization Approach