Assessing Commercial Real Estate Value Trends in Jackson, Mississippi: A Candid Look Jackson, Mississippi, serves as the capital and economic center of the state, but like many cities of its size, its commercial real estate market faces unique challenges and opportunities. In recent years, trends in the city's property values have mirrored its … [Read more...]
Trends in Mississippi Farm Values
Over the past decade, Mississippi's agricultural land values have experienced notable growth, reflecting broader national trends and the state's evolving agricultural landscape. Historical Trends in Mississippi Farmland Values According to the USDA's National Agricultural Statistics Service (NASS), Mississippi's average farm real estate value … [Read more...]
How much are your Improvements Worth?
Calculating the Contributory Value of Improvements in Real Estate When appraising real estate, one of the key challenges is determining the contributory value of improvements—the extent to which structures or other enhancements add to the overall value of a property. Understanding this concept is critical for appraisers, developers, and property … [Read more...]
ChatGPT and AI Assisted Appraisal Reports
Insite Valuations is Using ChatGPT. Unlocking Efficiency and Insight: The Advantages of Using ChatGPT in Commercial Appraisal The commercial appraisal process is a meticulous and detailed endeavor, requiring a balanced mix of quantitative analysis, market knowledge, and interpretive skill. As technology advances, appraisers are increasingly … [Read more...]
Our Business is Morphing
Russell Roberts Appraisals, Inc. is undergoing a quiet metamorphosis. With resolved determination, our team members have worked tirelessly to refine our business model and our level of service to our customers. We understand that we can make a positive difference in the lives of those around us - our families, our clients, our competition and yes, … [Read more...]
A Zero Sum Game – I’m not buying it.
In economics and game theory, a zero sum game is the idea that a win for one side is offset by a loss for the other. I don't buy it. I perceive a world of bounty, ripe for the picking for those who persistently pursue its fruit - not to hoard it, but to share it. From my perspective, this is what will make heaven a present reality for those around … [Read more...]
Entrepreneurial Incentive
Often, our commerical appraisals are for new or nearly new commercial buildings. In many of these cases, the cost approach is the most relevant method and entrepreneurial incentive is an important element of this technique. But what is entrepreneurial incentive? Basically, it's the incentive an investor has for coordinating the construction of a … [Read more...]
Commercial Appraisals: Size Matters
One of the elements of comparison commonly found in the sales comparison approach section of a commercial appraisal is for building size. Rest assured, for commercial buildings, size matters. Buildings that are smaller tend to sell for a higher per-square-foot price. This pattern is observed across almost all property types. But the concept is … [Read more...]
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