Cleveland Appraisal Blog

SEPTEMBER 2, 2022

What does the appraiser do with the three different values that may be developed? The appraiser must now reconcile these three values into one final opinion of value. One definition of the word reconcile in Dictionary.com is “to bring into agreement or harmony; make compatible or consistent.”

Appraisal 342

Appraisal Development Valuation Market Value 342

McKissock

MAY 14, 2023

Report writing is an essential step in the appraisal process. Want a quick breakdown of everything that belongs in a narrative appraisal report? for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g.,

Appraisal 87

Appraisal Appraisal Process Property Appraisal Real Property 87

Walitt Solutions

MAY 17, 2024

We know, for example, that an appraiser operating a drone while at his or her office could not claim to have performed a “personal inspection” of a property. subject property The defined term only relates to the property that is the subject of the appraisal.

Inspection 57

Inspection Appraisal Clients Appraisal Process 57

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate. Many thanks to George.

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Appraisal Agents Real Estate Real Estate Agent 85

Appraisal Today

SEPTEMBER 20, 2024

The $450,000 price is what the property is actually selling for. The $425,000 market value opinion is what the property should sell for, under the specific conditions of the definition of market value. The Appraiser’s Role Properties don’t always sell for what they should. The author has done it in his business.

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Appraisal Business Contracts Real Estate 77

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. They should definitely not be paid the same. Appraising will be different in 2025.

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Appraisal Training Inspection Real Estate 90

Appraisal Today

SEPTEMBER 9, 2022

The appraiser must now reconcile these three values into one final opinion of value. Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must: (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b)

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52