Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. ACCURATE DATA. It will help everyone!

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Agents Appraisal Renovations Development 378

Housing Wire

FEBRUARY 19, 2021

It could also have big implications for appraisers, who are already nervous about the continued rise of automated valuation models. Cape Analytics’ AI system instantly extracts property condition from images, which is then run through Weiss’ valuation model, Raj Dosaj, Cape Analytics’ head of real estate, explained.

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Valuation Real Estate Investors Appraisal 459

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. 17 changes , many considered it best practice to contact an agent and verify this information. “If

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Appraisal Business Real Estate Agent Real Estate 370

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels.

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Real Estate Open Houses Agents Sellers 468

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. Most good agents do a lot of work when pricing a home.

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Appraisal Real Estate Agent Real Estate Valuation 305

Appraisal Buzz

MAY 20, 2024

Difficulty Finding Comps You might have difficulty finding comparable properties to base your valuation on in a buyer’s market. If multiple offers come in, the parties can get into a bidding war, driving the price up beyond what the market typically sustains. One excellent resource is local real estate agents.

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Appraisal Marketing Valuation Sellers 370

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). At this FMV, neutral terms would be somewhere around $180,000 down (30%) and the rest over a four-year earn-out, contingent on the production of the agents who were with the seller as of the closing date.

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Sellers Buyers Brokerage Valuation 448

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. However, I believe that they’ve put too much value in their “values” Valuation is not their expertise.

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Valuation Market Value Appraisal Real Estate 369

Housing Wire

MAY 25, 2021

In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process. But there’s growing evidence that non-appraisers can perform high-quality data collection that ultimately empowers the appraiser to focus on what they do best: analysis, research, and determining market value.

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Appraisal Valuation Real Estate Modernization 370

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. Usually, the information further supports my opinion of value, when I take a closer look. Good agents know this.

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Housing Market Marketing Reconsideration of Value Appraisal 368

Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Appraisal Contracts Valuation Tools 476

Housing Wire

JANUARY 3, 2023

It may be that many of the loan originators and real estate agents calling for major changes to the VA appraisal process are be those with the least amount of first-hand experience with the VA product. When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

Birmingham Appraisal

MARCH 4, 2025

In fact, one of the biggest dangers is that widespread reliance on appraisal waivers is contributing to what some call “data cancer”a systemic problem that degrades the accuracy of real estate valuations over time. This could lead to price reductions, longer time on the market, or even losing a sale altogether.

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Appraisal Valuation Home Value Market Value 63

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. That can have a big impact on market value. Not professional appraisers.

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Appraisal Market Value Legal Property Appraisal 358

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Recession-Proof Your Business Part 2 – The Real Value Podcast with Blain Feyen. What is a Valuation Model?

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Inspection Appraisal Technology Clients 374

Appraisal Partners Blog

JANUARY 10, 2025

Introduction In the real estate industry, where significant financial decisions hinge on property valuations, the importance of ethics in the appraisal profession cannot be overstated. Appraisers serve as impartial experts, tasked with providing objective opinions of value based on thorough analysis and market data.

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Valuation Real Estate Appraisal Legal 78

AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Appraisal management involves coordinating and overseeing the valuation process to ensure compliance with industry standards like USPAP in the US.

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Appraisal Valuation Real Estate Appraisal Process 36

Birmingham Appraisal

JANUARY 29, 2025

Pending sales can help us see the direction a market is taking during times of rapid increases or decreases in prices. Using this information helps appraisers provide the most accurate and up-to-date valuation possible. Active listings help us to understand what other competing properties are listed for.

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Appraisal Appraisal Process Valuation Buyers 63

Appraisal Hub

MAY 5, 2024

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. Over the years, I’ve come to appreciate the symbiotic relationship between appraisers and real estate agents.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. Is there anything about the improvements that would positively or negatively impact its market value? It should provide information on the trends for prices in that area. IMPROVEMENTS.

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Appraisal Market Value Development Clients 346

Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. Geographic targeting The core idea of circle prospecting is geographic targeting, where real estate agents focus their marketing and outreach efforts on a specific neighborhood or area. Buying leads is easy but expensive.

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Real Estate Tools Real Estate Agent Agents 221

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 95

Town & Country Residential Appraisals

MARCH 10, 2025

As a buyers agent, its your responsibility to help clients make informed decisions. Without an independent appraisal, your clients risk overpaying for a property or encountering valuation issues in the future. Appraisal: Confirms the propertys market value, ensuring your buyers arent overpaying for their largest financial investment.

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Buyers Appraisal Inspection Market Value 46

AmeriMac

JANUARY 31, 2025

A qualified professional appraiser gives an unbiased estimate of the property’s market value. This value considers different factors to ensure buyers and sellers are treated fairly. Understanding real estate appraisals is crucial in a changing market like New Albany, OH.

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Real Estate Appraisal Valuation Real Estate Agent 36

Cleveland Appraisal Blog

JANUARY 19, 2023

Unless you’re in the property valuation profession, you may not have. The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

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Appraisal Transportation Buyers Property Appraisal 288

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

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Real Estate Agent Real Estate Agents Appraisal 85

Birmingham Appraisal

AUGUST 2, 2023

Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

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Appraisal Agents Valuation Real Estate 79

Birmingham Appraisal

MARCH 26, 2025

Pricing a listing correctly is one of the most critical skills a real estate agent can develop. List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. Within a reasonable distance if possible, however, this is not a hard and fast rule if it is a competitive market area. The answer?

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Agents Appraisal Reconsideration of Value Real Estate Agent 58

Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market.

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Agents Appraisal Real Estate Realtors 78

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you’re selling or dividing assets post-divorce, the appraised value ensures that you’ll receive a fair sale price.

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Appraisal HOA Easement Valuation 132

Realtor

FEBRUARY 18, 2025

A drive-by appraisal is a streamlined method of estimating a homes market value. From an appraiser point of view, the drive-by appraisal takes less time, explains Mary Helen Marks , a licensed real estate agent and appraiser in the Phoenix Metro Area. What is a drive-by appraisal? Should you choose a drive-by appraisal?

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Appraisal Real Estate Agent Valuation Inspection 101

DW Slater Company

FEBRUARY 23, 2023

Closely studying our markets is very crucial in understanding current market value for appraisers. Not every market is the same. Each specific market is different. As we enter the spring market, which is typically when things begin to heat up, we will see what happens.

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Inventory Marketing Supply Chain Appraisal 133

Cleveland Appraisal Blog

FEBRUARY 11, 2022

The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. Does the market value of a home change differ depending on whether the owners are going through a divorce or refinancing their home? The market value is what it is.

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Appraisal Market Value Clients Design 221

Birmingham Appraisal

NOVEMBER 20, 2024

I think it is important to revisit these inaccuracies for the benefit of new people getting into the real estate market. If you are a new agent or even a more seasoned pro and have an appraisal question please don’t hesitate to contact me, I’d be glad to chat with you and clear up any misinformation you may have heard.

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Real Estate Appraisal Inspection Contracts 91

AmeriMac

SEPTEMBER 17, 2024

Alternate valuation products are new tools for determining the market value of residential properties. They use technology and smart algorithms to provide a better and more accurate value for a property. While traditional methods are still very important, alternate valuation options add new insights to this process.

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Valuation Real Estate Technology Tools 36

Realtor

DECEMBER 15, 2016

If all goes well, the home’s appraised value will end up at the price you’d agreed to pay. But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. But never fear. Appraisers aren’t perfect,” says Parsons. They make mistakes.”

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Appraisal Real Estate Agent Real Estate Mortgage 78