Cleveland Appraisal Blog

MARCH 25, 2023

Hopefully, this article has provided you with valuable information and insights on the best practices for choosing a commercial dumpster rental company. Since we’re on the kitchen remodeling theme in this article, here’s a video that highlights some kitchen trends for 2023. May all of your remodels be awesome!

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Supply Chain Renovations Appraisal Market Value 280

George Dell

AUGUST 25, 2021

“Appraisal is market analysis!” is the title of a 1975 journal article by Richard Ratcliff, MAI. Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. Specifically, discrepancies from actual contract prices.

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Marketing Contracts Appraisal Market Value 195

Miller Samuel

MARCH 19, 2019

That article came out in 2014 right as the housing market was peaking. Because a white paper with only two reference citations, one of which was a magazine article on a small niche of super-tall buildings, was the basis. To get specific here’s what happened after this article was written.

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Real Estate Law Development Investors 370

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 279

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

MAY 26, 2023

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches. Click here to visit their website.

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Appraisal Real Estate Agent Real Estate Agents 301

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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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. Click here to visit their website.

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Agents Appraisal Renovations Development 373

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 262

Cleveland Appraisal Blog

AUGUST 11, 2022

I hope you find her article to be helpful! Although you probably won’t be able to sell your home at its actual market value, you will also save a lot of time and money. Most states prescribe a certain amount of time when the homebuyer can walk away from signing the purchase contract. I hope you will also… .

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Renovations Buyers Appraisal Investing 221

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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Contracts Appraisal Market Value Real Estate 64

Appraiserblogs

FEBRUARY 16, 2024

The lender will go through the appraisal with a fine tooth comb and microscope, while ignoring the fact the initial BPO and CMA which led to the listed price the contract was formed around, was totally inadequate and riddled with errors. Clearly off the page in relationship to existing market value indicators.

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Agents Appraisal Market Value Contracts 110

Cleveland Appraisal Blog

SEPTEMBER 18, 2021

” The article stated that an average-sized hive has around 30,000 bees. According to that article, a half cup of bees equals three hundred bees. Another good article is Beekeeping 101: Common Bee Pests and Diseases. . Chickens and honeybees can add value to your home. But not market value. No Sharing!

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Appraisal Market Value Contracts Marketing 243

Appraiserblogs

OCTOBER 27, 2023

The real scourge of what’s been happening to appraisers for the past 5 years (yes, it started prior to the last election) has been revealed by Mr. Isaac Peck, in this article. Isaac has allowed me to “re-broadcast” his article. You really need to read it, perhaps again, if you saw it come through your email on Wednesday October 25.

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Appraisal Real Estate Agents Contracts 131

Cleveland Appraisal Blog

MARCH 18, 2021

Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. I could not find a single sale that supported an opinion of value anywhere near the purchase price. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal.

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Appraisal Investors Market Value Contracts 195

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

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Contracts Appraisal HOA Architecture 52

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”

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Appraisal Contracts Clients Marketing 109

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Two recent articles highlight the ongoing debate about appraisal accuracy.

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Appraisal Contracts Architecture Mortgage 76

Appraisal Buzz

DECEMBER 9, 2024

Market Condition Adjustments Illustration Fannie Mae guidelines emphasize that adjustments made to comparable sales are based on market changes between the contract date of the comparable sales and the effective date of the appraisal. This is shorthand that every experienced appraiser knows and understands please dont @ me.

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Appraisal Marketing Valuation Tools 358

McKissock

JULY 6, 2022

I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing. Click here to read the full article. Seller-net sheets should include any and all anticipated costs it will take to sell their property against the backdrop of anticipated market value.

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Clients Real Estate Contracts Sellers 87

Appraiserblogs

JUNE 15, 2022

The article does not stress ‘bad.’…. Low Appraised Value = Racial Bias? When the appraised value didn’t meet the sale price, the first assumption was that the appraiser conspired to lower the…. CALIFORNIA: WHERE RIGOROUS INQUIRY…. A Low Appraisal is Now a Bad Appraisal A low appraisal is now a bad appraisal.

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Appraisal Real Estate Clients Agents 124

The Robert Weiler Company

SEPTEMBER 16, 2021

The question is, how exactly is property value determined? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property.

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Real Estate Appraisal Property Appraisal Valuation 147

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

Birmingham Appraisal

JANUARY 25, 2023

Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “ Price per square foot is not the holy grail of property value ” where I explained that price per square foot should not be the only metric given consideration when pricing a home. If you liked this post subscribe by email (or RSS feed ).

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Agents Appraisal Contracts Buyers 82

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Two recent articles highlight the ongoing debate about appraisal accuracy.

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Appraisal Contracts Architecture Market Value 58

McKissock

JUNE 8, 2021

So, what if a client provides a sales contract to the appraiser after the report is completed, and the appraised value estimate is five percent above the contract price? Conversely, what if the contract price was five percent higher than the appraised value estimate? Is the client going to fuss? Not likely.

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Appraisal Contracts Clients Law 73

Appraisal Today

SEPTEMBER 15, 2023

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. The article includes lots of marketing tips, such as how to find the lenders, they want an accurate value and full disclosures, etc. You can do this for private money lenders also.

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Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Today

FEBRUARY 16, 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. This is one of the best short articles on residential to commercial.

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Appraisal Today

JANUARY 19, 2024

For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias. An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth.

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Appraisal Contracts Real Estate Architecture 73

Appraisal Today

AUGUST 9, 2024

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.

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Appraisal Reconsideration of Value Insurance Market Value 67

Appraisal Today

AUGUST 16, 2024

It’s also essential to review the condo declarations and bylaws, inquire about pending critical repairs (whether known by the association or observed), and evaluate the impact on the market value of any special assessments related to these repairs. To read more, Click Here My comments: Excellent article on condos.

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Appraisal Contracts Mortgage Design 70

Appraisal Today

SEPTEMBER 20, 2024

Value is defined in the Uniform Standards of Professional Appraisal Practice (USPAP) as: “The monetary relationship between properties and those who buy, sell, or use those properties, expressed as an opinion of the worth of a property at a given time. Unlike value, price is not an opinion. She wrote long articles on those topics.

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Appraisal Business Contracts Real Estate 74

McKissock

MAY 10, 2023

We all have skill sets and experience that we can market to potential mentors.” Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. There will only be a machine, and the value of your real estate will be dictated to you.

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Real Estate Appraisal Training Business 86

Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Appraisers have a saying: one comp does not a market make.

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Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. Not sure if you want to subscribe?

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Appraisal Real Estate Real Estate Agent Contracts 77

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

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Real Estate Agent Real Estate Agents Appraisal 97

McKissock

JULY 11, 2022

Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.” The contract price on the house was $144,000…You taught me well, I can’t say enough that if you know how to use this form correctly, you can value real estate.”

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