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

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 312

Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 A well-appointed kitchen can significantly enhance a property’s appeal and marketability.

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Appraisal Training Contracts Mortgage 91

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work.

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Mortgage Design Architecture Market Value 421

Appraisal Partners Blog

JANUARY 20, 2025

Introduction The residential appraisal is a cornerstone of the real estate world, yet it’s often shrouded in mystery for many homeowners. Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property.

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Appraisal Inspection Valuation Appraisal Process 78

D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. Fritz Appraisals Inc.

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Renovations Home Value Valuation Market Value 123

Appraisal Hub

MARCH 20, 2025

With Appraisal Hub you can know exactly what to look for. Taking control of the process, avoiding costly mistakes, and securing an appraisal that works in your favor. Why Appraisals Make or Break Real Estate Deals Before going more in-depth, we first need to understand what an appraisal is. The good news?

Property Appraisal 78

Property Appraisal Appraisal Real Estate Investors 78

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. 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.

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Housing Market Marketing Reconsideration of Value Contracts 368

Housing Wire

JULY 21, 2022

After purchasing properties at an average discount of 9% below estimated “as-is” market value in February — a 13-month low — investors built in a bigger discount cushion of 12% in March, according to proprietary data from Auction.com. Up through May our sale price (on the properties we sell post-renovation) was still going up.

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Housing Market Buyers Marketing Retail 435

Cleveland Appraisal Blog

FEBRUARY 11, 2022

Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. If you’re in need of an appraisal, I highly recommend not going with the cheapest appraiser. At first glance, two appraisals may both look impressive to someone who doesn’t know anything about appraisals.

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Appraisal Market Value Clients Design 221

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The best way to look at home renovations is by considering the overall impact they will have on your home. Updates or Renovations?

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Renovations Appraisal Real Estate Agent Construction 88

Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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Appraisal Renovations Architecture Appraisal Process 147

Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What is an Appraisal ? Defining the Appraisal Scope of Work. What Property Should be Appraised?

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Appraisal Process Appraisal Market Value Tenants 148

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. More on that later.

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Marketing Real Estate Agent Clients Tools 435

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

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Supply Chain Renovations Appraisal Market Value 285

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. What do they indicate and how do appraiser’s measure depreciation? Physical depreciation is the most common cause of loss of value. In a word, depreciation.

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Market Value Appraisal Marketing Buyers 244

Appraisal Buzz

MAY 10, 2024

By “equity-rich” ATTOM means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. Still, the windfalls are starting to erode bit by bit amid mounting signs that the market is no longer so super-heated.” Home Equity & Underwater Report.

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Market Value Renovations Finance Development 195

Cleveland Appraisal Blog

DECEMBER 10, 2022

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. Betty is not an appraiser. Photos are taken from pexels.com.

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Appraisal Buyers Renovations Investing 302

Boston Appraisal

NOVEMBER 6, 2020

If you decide to take advantage of these all-time low rates, your lender will most likely order an appraisal. What happens if the new appraisal is less than original one? Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The appraiser looks like the bad guy.

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Appraisal Market Value Real Estate Sellers 148

Housing Wire

MAY 18, 2022

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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Mortgage Clients Insurance Tools 418

Cleveland Appraisal Blog

JULY 22, 2021

My family and I are in the midst of a first floor renovation, whilst caring for my wife as she continues to recover from her broken ankle, as I mentioned in my last post. So, I am grateful to have guest blogger, Seth Murphy, who wrote this article for the Cleveland Appraisal Blog. Tackling Electrical Projects. www.anchor.fm/cash-appraiserstats.com.

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Renovations Appraisal Home Improvement Client Relationships 243

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. In addition, selling as-is is the norm in some real estate markets.

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Renovations Buyers Appraisal Investing 221

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

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Appraisal Property Taxes Real Estate Market Value 145

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Appraisal HOA Easement Valuation 132

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

The Robert Weiler Company

SEPTEMBER 16, 2021

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Appraisal Hub

OCTOBER 16, 2024

Understanding the true value of your property can make all the difference when it’s time to sell, buy, or invest. A property appraisal gives you the insights needed to make informed and profitable decisions. This guide will explore the key aspects of property appraisals and help you navigate the process effectively.

Property Appraisal 78

Property Appraisal Appraisal Renovations Market Value 78

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Defining the Appraisal Scope of Work.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

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Appraisal Inspection Property Taxes Easement 110

Cleveland Appraisal Blog

MARCH 4, 2021

Like most aspects of an appraisal, things seem easy. Last week, a real estate agent asked me about how appraisers adjust for age. There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. That is, until one takes a closer look.

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Appraisal Real Estate Real Estate Agent Loan Conditions 224

The Robert Weiler Company

MARCH 15, 2021

But for commercial real estate developers, brokerage firms, and appraisers, there’s another story hiding in plain sight. That’s why special purpose property appraisals and commercial mortgage preapprovals are vital to your ultimate (buy) decision. However, before you head over there, let’s talk about special purpose property appraisal.

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Appraisal Property Appraisal Real Estate Buyers 158

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. What’s in a Home’s Value?

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Appraisal Renovations Home Value Real Estate 88

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “That we research value, we do not assign it.”

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Real Estate Agent Real Estate Agents Appraisal 97

AmeriMac

JANUARY 31, 2025

Understanding Real Estate Appraisals in New Albany In real estate transactions, a real estate appraisal is very important. 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.

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Real Estate Appraisal Valuation Real Estate Agent 36

Appraisal Partners Blog

FEBRUARY 26, 2025

A divorce appraisal is a crucial step in ensuring a fair and equitable distribution of property. Why is a Divorce Appraisal Necessary? To determine the fair market value of real estate, a divorce appraisal is essential. It’s crucial to choose an appraiser who is: Experienced in divorce appraisals.

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Real Estate Appraisal Valuation Appraisal Process 78

Birmingham Appraisal

JUNE 11, 2024

My Appraisal Business Has Shifted, Has Yours? When most people think about real estate appraisals, they often associate them solely with buying or refinancing a home. However, real estate appraisals serve many other essential purposes that extend far beyond these conventional uses.

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Appraisal Property Taxes Valuation Real Estate 88

Birmingham Appraisal

NOVEMBER 20, 2024

Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. In this week’s post, I dispel some common appraisal myths that have been around for years.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91