Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. The median age of a first-time buyer for the past three years has remained 33 years old. Between 1981 and 2018, the median age of first-time buyers ranged between 28 and 32. There will soon be a wave of potential buyers aging into the first-time buyer age group.

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Buyers Inventory Landlords Housing Market 488

Cleveland Appraisal Blog

FEBRUARY 16, 2024

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! FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. I miss writing and I miss you! home, would you expect the 2,000 sq.

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Appraisal Market Value Real Estate Clients 409

Cleveland Appraisal Blog

MARCH 30, 2021

According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. TODAY’S HOME BUYERS ARE LIKE THE CARP. This fish phenomenon reminds me of the housing market today. (Warning – This video is a little loud.

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Housing Market Marketing Reconsideration of Value Appraisal 368

Cleveland Appraisal Blog

NOVEMBER 11, 2021

I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. 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. My opinion of value – $345,000.

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Valuation Market Value Appraisal Real Estate 369

Appraisal Buzz

SEPTEMBER 26, 2022

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! Once upon a time, there was a rich nation which valued many things. They all liked value. They were able to get others to declare the value as fair, but some valued fair as high as possible. They found liar buyers.

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Market Value Sellers Buyers Finance 321

Appraisal Buzz

DECEMBER 9, 2024

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. Active listings also provide insight into current seller and buyer motivations.

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Appraisal Marketing Valuation Tools 358

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. Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike.

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Marketing Real Estate Agent Clients Tools 435

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. That article came out in 2014 right as the housing market was peaking. To get specific here’s what happened after this article was written.

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Real Estate Law Development Investors 370

Housing Wire

APRIL 8, 2021

Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. The increased market size Wells refers to is best demonstrated in the third-party buyer sales rate for foreclosures brought to auction on the Auction.com platform compared to the overall market.

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Retail Market Value Marketing Investors 459

Cleveland Appraisal Blog

DECEMBER 10, 2022

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.

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Appraisal Buyers Renovations Investing 302

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

They were one of the original forms of animation according to that article. 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?

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Appraisal Market Value Development Clients 346

Cleveland Appraisal Blog

OCTOBER 27, 2022

The appraiser will provide your home’s estimated market value in writing afterward. Assume the role of a potential buyer. Here, you get to play the role of a prospective buyer touring the home. You should also provide an attractive environment for your prospective buyer. All of our time is spent at home.

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Appraisal Inspection Buyers Advertising 389

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. Click here to visit their website.

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Appraisal Market Value Legal Property Appraisal 358

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. Functional depreciation results when buyers pay less for a home, in comparison to other similar homes, because some aspect of it is less functional than other generally similar homes.

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Market Value Appraisal Marketing Buyers 244

Cleveland Appraisal Blog

JANUARY 19, 2023

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. That is not always a simple task.

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Appraisal Transportation Buyers Property Appraisal 288

Cleveland Appraisal Blog

JUNE 18, 2022

I normally don’t post more than one article per week. This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. This article was written by Leslie Fields, the Executive Director, Owner’s Counsel of America. Too many appraisers?

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Appraisal Law Development Valuation 312

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. Hopefully, you found this article to be interesting. Depreciation!

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Appraisal Development Market Value Tenants 283

Cleveland Appraisal Blog

AUGUST 11, 2022

I hope you find her article to be helpful! In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer.

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Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 418

Housing Wire

FEBRUARY 10, 2025

Underpriced or unique listings are ideal candidates for open houses, but look for listings that align with your market niche. Running an open house at a mansion might sound fun, but it wont help your business if you focus on new or move-up buyers. This flyer will be a critical marketing asset for your open house.

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Open Houses Agents Real Estate Property Taxes 285

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

JANUARY 5, 2023

Some of this is seasonal, but a good portion of the declines recently is due to buyers not being able to afford as much as they once were due to the rate hikes. However, as buyers struggle with affordability, this percentage is likely to decrease in the peak months this year. We’re heading in that direction. I appreciate you!

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Housing Market Marketing Appraisal Inventory 374

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

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Market Value Marketing Property Appraisal Appraisal 80

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. will identify which buyers require immediate contact from the listing agent.

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Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

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. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why.

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Appraisal Development Valuation Market Value 342

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. This is a good strategy for agents who are looking to work with buyers as well as sellers. Who’s it for? Who’s it for?

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Real Estate Open Houses Agents Sellers 468

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

(MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. In my last article, I discussed how the square footage of many homes, as reported in public records, is inaccurate. Here are some links to other articles I’ve enjoyed recently!

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Agents Appraisal Renovations Development 378

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. months, but the addition of new homes to the mix should lead to more choices for potential buyers in 2022, including many who had hesitated to list their homes in 2021.

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Marketing Mortgage Supply Chain Inventory 482

Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. This article will break down the complexities of the appraisal process, providing you with the essential knowledge to navigate this critical aspect of real estate transactions with confidence.

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Appraisal Inspection Valuation Appraisal Process 78

Appraisal Buzz

SEPTEMBER 20, 2021

This is the second article in a series which discusses some difficult theoretical questions with which appraisers have been confronted in a very practical way. This article will pick up where the last one left off, so you will definitely want to read Part 1 of this series before continuing.

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Sellers Appraisal Inventory Buyers 195

Cleveland Appraisal Blog

DECEMBER 19, 2021

I always enjoy his articles. By focusing on buyers’ needs, you can get a better ROI and increase the odds that your house sells quickly. If you also keep your receipts and take before and after photos, you’ll have an easier time demonstrating the value of the work, making it easier to get top dollar when you sell.

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Appraisal Home Improvement Design Modernization 195

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 266

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! Appraisals are for the benefit of the buyer too.

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Appraisal Appraisal Process Buyers Legal 158

Cleveland Appraisal Blog

FEBRUARY 17, 2021

If a home needs major repairs, clearly this can have a negative impact on market value. Therefore, if a home is in need of some major repairs, it may be worth having an appraisal completed to see if the market value of the home is lower than the assessed value. The assessor may not be aware of these repairs.

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Appraisal Clients Inspection Market Value 219

Appraiserblogs

FEBRUARY 16, 2024

The answer is the listing agents pricing strategy and the buyers agents buying strategy. Clearly off the page in relationship to existing market value indicators. Clearly off the page in relationship to existing market value indicators. The article does not stress ‘bad.’… I’ve seen numerous.

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Agents Appraisal Market Value Contracts 105

Cleveland Appraisal Blog

JANUARY 13, 2022

In this article, I am going to focus on the dangers that skepticism can have on an appraiser’s thinking. Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. If we make an adjustment, we must have some support behind it. And it can be done!

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Appraisal Inspection Clients Real Estate 221

Boston Appraisal

FEBRUARY 11, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions.

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Appraisal Renovations Architecture Appraisal Process 147