Cleveland Appraisal Blog

SEPTEMBER 30, 2022

When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. They were one of the original forms of animation according to that article. 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

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. this guy summed it up nicely!

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Appraisal Market Value Legal Property Appraisal 358

Appraisal Buzz

FEBRUARY 17, 2025

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Lets look at the as-improved H&BU: The current market value of the site is $30,000, demolition cost is $2,000, economic life of the garage is 50 years, and effective age is 30 years.

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Legal Appraisal Easement Valuation 244

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Cost Approach is where a value is developed by determining the value of the land, and the replacement or reproduction cost of the improvements, or proposed improvements, on the property. Even if I do not include my development of the Cost Approach in my report, I have it in my work file. I’m glad you asked!

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Appraisal Development Valuation Market Value 342

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.

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Appraisal Law Development Valuation 312

Appraisal Buzz

AUGUST 26, 2024

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Stick with me: I’ll explain a strategy to develop market-based adjustments throughout the grid. The cost of 200 square feet is $20,000, but the market does not pay 100% of cost.

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Valuation Appraisal Marketing Market Value 369

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.

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Appraisal Real Estate Agent Real Estate Valuation 305

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. In this article, I’ll share the steps, what to include, what not to includes, and how to assemble a CMA report that’ll impress your clients.

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Marketing Real Estate Agent Clients Tools 435

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. However, there are other methods for estimating land value. Depreciation!

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Appraisal Development Market Value Tenants 283

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. NO BLANK FIELDS. ACCURATE DATA.

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Agents Appraisal Renovations Development 378

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%. Brents graphics are seen in Figure 8.

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Appraisal Marketing Valuation Tools 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. For instance, remodeling a kitchen or bathroom typically improves a home’s market value, which in turn, reduces a home’s loss in value.

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Appraisal Buzz

AUGUST 15, 2022

This year, our magazine is loaded with insightful articles ranging on topics such as market value to ANSI standards, and so much more! We have articles to help appraisers, AMCs, and lenders grow in every aspect of their business. Here are just a few of the articles that you need to check out!

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Appraisal Valuation Market Value Business 195

Appraisal Buzz

MAY 31, 2022

This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. The first includes development and use of processes to ensure regulatory and policy requirements are being upheld by the business unit originating mortgage products.

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Real Estate Valuation Lending Appraisal 221

Cleveland Appraisal Blog

FEBRUARY 11, 2022

The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. Does the market value of a home change differ depending on whether the owners are going through a divorce or refinancing their home? The market value is what it is.

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Appraisal Market Value Clients Design 221

Housing Wire

AUGUST 3, 2023

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. The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. The good news is that the early adopters will thrive. What is next?

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Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

JANUARY 21, 2021

Cracks develop when stress upon a dwelling exceeds its strength. Perhaps the title of this article makes you think of the comic series from the 1942-1949 named the “ Crack Detective “ Well, probably not. I have shared it at the end of this article. Here are some links to other articles I’ve enjoyed recently!

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Appraisal Inspection Real Estate Market Value 235

Property Metrics

DECEMBER 18, 2020

The development spread is a back of the envelope calculation widely used by real estate developers. It is a fast and easy way to size up the financial feasibility of a real estate development project, prior to completing a more in depth analysis. What is the Development Spread? Practical Development Spread Example.

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Development Real Estate Market Value Construction 69

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. Task 4: Market your open house Now that youre an expert on the home, its time to start marketing your open house.

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Cleveland Appraisal Blog

OCTOBER 14, 2021

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. To “think outside of the box” when valuing a property. I kid you not!

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Inventory Market Value Appraisal Contracts 243

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. When it comes to these things, it can be easy to develop a skeptical attitude. Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising.

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Appraisal Inspection Clients Real Estate 221

Housing Wire

DECEMBER 16, 2021

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? 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.

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Marketing Mortgage Supply Chain Inventory 482

Housing Wire

SEPTEMBER 6, 2024

Ewing of Federal Title & Escrow is one who believes that firms like Allied were capitalized far below fair market value. The attorneys and title professionals consulted by HousingWire consulted for this article would not specify an amount they believe to be adequate for capitalizing a joint venture. “It

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Insurance Real Estate Agent Law Real Estate 459

Cleveland Appraisal Blog

SEPTEMBER 18, 2021

The only difference between a worker bee and a Queen bee is the food it is given when it is developing. ” 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. .

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Appraisal Market Value Contracts Marketing 243

The Robert Weiler Company

JULY 7, 2020

A little over two years ago, our hometown paper, The Columbus Dispatch, published an article about an emerging trend: the rapid growth in demand for industrial real estate in Central Ohio. At the time, the article focused on the “Amazon effect” – the local warehousing of an enormous stockpile of products for regional distribution.

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Real Estate Investing Supply Chain Retail 148

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

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

Boston Appraisal

MARCH 18, 2024

This comprehensive article delves into the diverse scenarios that necessitate the expertise of appraisers, the various specializations within the field, and the roles appraisers assume, both before and during trial proceedings. This phase is crucial for developing a solid evidentiary foundation for their valuations.

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Legal Real Estate Appraisal Valuation 148

Appraiserblogs

JULY 6, 2022

Attorneys representing property owners and appraisers responsible for documenting the value of the property being taken often work together in an eminent domain case. Related Posts: Appraisal Fraud You might want to read this article. The stakes can be high when a client’s valuation conclusion rests on a weak or improper appraisal.

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Valuation Legal Appraisal Development 117

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

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Appraisal Marketing Market Value Development 99

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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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

Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. Once we know these things, we can determine how much value a home has lost. Here are some links to other articles I’ve enjoyed recently! Now starts the wear and tear.

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Appraisal Real Estate Real Estate Agent Loan Conditions 224

Cleveland Appraisal Blog

MARCH 18, 2021

My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal. My research and analysis showed that the buyer was about to spend a much higher price than the true market value of this home. We develop our opinions on facts, not feelings. Is it worthy of belief? .

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Appraisal Investors Market Value Contracts 195

Appraiserblogs

FEBRUARY 28, 2023

NPR topped the online edition of its article with the headline, “Black and Latino Homeowners are About Twice as Likely as Whites To Get Low Appraisals.” He submitted a pseudoscientific article to a cultural studies journal called Social Text. The problem? Freddie never called the appraisals “low.”

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Home Value Appraisal Design Government 106

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. .

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Appraisal Partners Blog

JANUARY 18, 2025

This article will explore the specific challenges, processes, and nuances of commercial appraisals, providing a guide to help you navigate this important aspect of the commercial real estate landscape. The condition of the building, including any specialized mechanicals, will impact value.

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