If your knowledge of appraisals is limited to the residential variety, there are a few things you need to know about commercial appraisals.
In filing for eviction in the New Jersey Superior Court, Landlord-Tenant Part, a landlord must remember the relief that he or she is seeking is a judgment for possession of the leased property. To acquire a monetary judgment the landlord must file a separate action. The Landlord-Tenant Part is not able to award the landlord a money judgment.
Sellers cannot change the location, layout, or lot size of their property. However, one thing sellers have complete control over is the listing price. Although no seller likes to lower the price, in a buyer’s market, it is often the best catalyst to sell. Here are some indications you may need to lower your price.
Some buyers find themselves contemplating the purchase of a short sale, a property that sells for less than the balance its owner owes on the mortgage, despite the possible added complexities. If this is something that you are considering, please take note:
The good news: According to the Mortgage Bankers Association, commercial mortgage originations were up 25% in the second quarter of 2012 from second quarter 2011 levels and up 39% from the first quarter of 2012.