Latest / Between Two Chairs - Demystifying Commercial Real Estate

CRE Appraisals Can Look Like a Monet or a Mess
It has been said that appraisals are an art not a science, but why? A lot of science (data) goes into an appraisal but so does the personal experience and opinions of the appraiser (the art). Commercial real estate appraisals are even more of an art because of the uniqueness of so many commercial properties.
The skinny
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