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This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Some other features in our magazine include funny Buzztoon comics, industry trends, as well as crazy stories from appraisers and readers like you! Read all these articles and more in the latest edition HERE.
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a realpropertyappraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. My appraiser compadre and fellow blogger Ryan Lundquist, at the Sacramento Appraisal Blog, wrote an excellent piece this week on the situation with Zillow. I think they were beginning to think it was. And they’ve been successful.
According to the article below, “Nearly 70% of adults reported reduced stress and anxiety after playing pickleball, and 64% called the sport “uplifting,” according to a report by Carewell. One more visual reflecting the total monthly listings vs. total monthly sales for single-family properties in Cuyahoga County.
If you find yourself in this situation, this article will provide you with a guide that may be helpful to you. I hope you enjoy her article! This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation. You can also listen right here on the Cleveland Appraisal Blog!
Most weeks I perform appraisals for divorce or a marriage dissolution. 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. But then they had to hire me to perform an appraisal. That’s right!
It’s been a while since I’ve written an article. So, first of all, thank you for being here to read articles from my blog! I know most of my readers are interested in appraisal and real estate-related topics. I recently appraised a home for a divorce. I miss writing and I miss you! Is this misleading?
I took some time off from blogging to catch up on work and re-group mentally from the past few years of real estate craziness, culminating in a hectic last six months of an appraiser. Thank you for being here to read my article on bedroom requirements and the housing statistics for Cuyahoga County. without realizing it.
Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. She has more than 30 years of litigation experience, with 27 years specifically devoted to business and real estate litigation involving the mortgage lending and servicing industries.
Today, Cleveland Appraisal Blog shares a few tips for first-time investors. When you’re about to buy your first realproperty outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. Decide on How to Proceed. Let us know !
Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised. CRAZY NEIGHBORS.
I’m working on more of my own articles that will be posted soon. I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. In this article, she shares some tips for relocating after facing personal challenges. I hope you enjoy June’s article!
I’m so sorry for the weeks I missed posting articles last month. This week, Betty White shares some things that can decrease property value. As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grain of salt.
Have you ever read thru an appraisal report? The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. When completing an appraisal, there may be four values.
If you need to get a home appraised, Aspen Appraisal Services offers expert independent appraisals! And thank you dear reader for being here at the Cleveland Appraisal Blog! Next week, I have a new article of my own ready to share. You can also listen right here at Cleveland Appraisal Blog! .
Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. How about underimproved?
So, here is another article from guest blogger Ashley Rodriguez. In this article, she discusses some things to consider before buying land. I hope you enjoy her article! As a realpropertyappraiser, I think these tips can really help if you’re looking to purchase land. Hello, friends!
This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. The post Changes to Californias Homeowner Bill of Rights appeared first on Appraisal Buzz. The Little Guys exception to the more detailed requirements was limited in Civil Code 2924.15
Since the onset of COVID, market data remains sparse for certain property types. Over the past two months, I’ve participated as a panel moderator or speaker on several commercial real estate webinars and live events with Bisnow, Minnesota Real Estate Journal (MREJ) , NAIOP , and Minnesota Real Estate Exchangors (MREE).
Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.
As an experienced appraiser, there are many reasons you may decide to take on a trainee. property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser.
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 propertyappraisedRealproperty interest appraised (e.g.,
So, you are getting ready to request an appraisal on a potential commercial property deal but have a few questions before you decide on what appraisal company to use. We’ve compiled the top six most frequently asked questions about our industry and appraisal reports so that you can navigate the appraisal world with ease.
You know there are good reasons to upgrade your appraisal license —including making more money —but you might be unsure of how to go about it. Depending on your state and the license level you wish to attain, the exact steps for how to upgrade your appraisal license will vary slightly. Real estate appraiser qualification criteria.
Consider becoming a real estate appraiser. ” and “How much money can you make as an appraiser?” What are the requirements to become an appraiser? To become a licensed real estate appraiser, you must pass the National Uniform Licensing and Certification Exam. Do you need a college degree?
Accurate and unbiased appraisals are critical in these situations to ensure that property values are determined fairly and equitably. Whether its a marital home being divided in a divorce or realproperty being passed to heirs through an estate, appraisals play a vital role in facilitating a transparent and just process.
percent from one week earlier Appraised Value Vs. Sale Price Converted $500K Minnesota Bank With Historic Vaults and Bulletproof Glass How AI Tech is Reshaping Appraisal Success From Panic to Profit: One Appraiser’s Story of Survival and Growth Cindy Chance Terminated (Appraisal Institute CEO) Mortgage applications increased 14.2
If you are considering a career in the appraisal field , you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. Here is some information to help answer the frequently asked question, “How long does it take to become an appraiser?”
There are an estimated 75,100 licensed appraisers in the U.S., People decide to launch a real estate appraisal career because they’re following in a family member’s footsteps or they’re intent on building a career in a field they love, as well as one that pays well and has a flexible schedule. according to the U.S.
Why might you be engaged to appraise a single or multi-tenant industrial or flex style office building? What information do you need when appraising industrial and flex buildings ? There are any number of reasons why you would be engaged to appraise an industrial or flex style property. Reasons for engagement.
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. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.
In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client. Which is appropriate?
As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers, also known as commercial appraisers. As a certified general appraiser, you will enjoy more stable fees, a higher income, and more choices in the assignments you decide to take on.
Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. Odd properties tend to be challenging yet rewarding in terms of the fee. built in 1905) 0.66
There are many reasons people choose to launch a career in real estate appraisal—including the potential to earn a high income, opportunity to work flexible hours, and low start-up costs compared to other small businesses, to name a few. Are you interested in starting an appraisal career? Take your classes online.
Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant realpropertyappraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. Take a breath.
With 2023 just around the corner —and a good deal of uncertainty in the air—we wanted to find out where real estate appraisers plan to focus their efforts and what goals they hope to achieve next year. So, we asked members of our appraisal community, “What is your top professional goal for 2023?” Here’s what they said.
Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements.
In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Defining the Appraisal Scope of Work.
Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property. housing market has surged to a record $11.5
NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.
We’ll help you make an informed decision and find the right Chicago real estate classes or online program to best fit your budget, timeline, learning style and schedule. Covers real estate math, concepts, brokerage, realproperty, contracts, appraisal, updated TILA/RESPA information & more. Self-paced.
Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers. As realpropertyappraisers look ahead to the new year, we wanted to know where they plan to focus their efforts and what they will strive to achieve. 4 Retirement Resources for Appraisers (Free for Members).
There are numerous items to consider when deciding whether to accept or complete a hybrid or bifurcated appraisal assignment. Here, we explain four key disclosures and disclaimers to consider including in a hybrid appraisal report. The scope of work must disclose the extent the property was inspected. Scope of work disclosure.
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