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. Consider this example: If the remaining economic life is extracted from the market at 42 years, and economic life is 60 years, 42/60 = 70% of cost is market value.

Valuation 369

Valuation Appraisal Marketing Market Value 369

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Home price correction likely nationwide and in majority of markets. Sellers on the Auction.com platform are already showing some early signs of pro-active price adjustments, a trend that will likely be reflected in the retail market in 2023. .

Retail 427

Retail Sellers Buyers Market Value 427

Housing Wire

OCTOBER 24, 2024

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. Helping the seller understand the true market value of the home given the condition can also be a challenge.

Retail 419

Retail Buyers Renovations Finance 419

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. Take a look at some of the most recent press – The New York Times published an in-depth article in April 2022: “Reverse Mortgages Are No Longer Just for Homeowners Short on Cash.”.

Mortgage 412

Mortgage Clients Insurance Tools 412

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.

Appraisal 353

Appraisal Market Value Legal Property Appraisal 353

Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. It’s one thing to pay more than market value for a home because of being in a bidding war. Did they regret their decision?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

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?

Appraisal 341

Appraisal Market Value Development Clients 341

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?

Appraisal 309

Appraisal Law Development Valuation 309

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.

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. NAR data shows that first-time buyers have overcome rising home prices to patch together a downpayment, through diversifying their downpayment source, using savings, downpayment help from family and friends and stock market/401k loans to assist in their path to ownership.

Buyers 473

Buyers Inventory Landlords Housing Market 473

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.

Appraisal 297

Appraisal Buyers Renovations Investing 297

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. We have rules, we have standards, and we all know the exact definition of value. Let’s pretend market value is market value.

Market Value 321

Market Value Sellers Buyers Finance 321

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.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Housing Wire

APRIL 8, 2021

When a foreclosing lender sets this as its credit bid, it typically indicates that the lender’s estimated market value of the property exceeds the total debt owed. Mortgage servicers typically employ the specified credit bid approach when the estimated market value of the property is less than the total debt owed.

Retail 429

Retail Market Value Marketing Investors 429

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!

Appraisal 195

Appraisal Valuation Market Value Business 195

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!

Supply Chain 280

Supply Chain Renovations Appraisal Market Value 280

Housing Wire

JUNE 1, 2021

a company with a market value of nearly $700 billion. Member Benefits: Unlimited access to HW+ articles and analysis. BHHS is a separate entity from the HomeServices of America brokerage , though that brokerage’s CEO, Gino Blefari, also serves as board of chairman for BHHS. What did Chris do that you might do differently?

Real Estate Agent 242

Real Estate Agent Brokerage Real Estate Realty 242

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!

Appraisal 279

Appraisal Development Market Value Tenants 279

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…”. .”

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

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. .

Appraisal 418

Appraisal Market Value Contracts Agents 418

Cleveland Appraisal Blog

OCTOBER 27, 2022

Appraisers think about previous sales and the state of the market in your neighborhood. The appraiser will provide your home’s estimated market value in writing afterward. Thank you for reading articles from the Cleveland Appraisal Blog! Here are some links to other articles I think you might also enjoy… .

Appraisal 384

Appraisal Inspection Buyers Advertising 384

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.

Appraisal 301

Appraisal Real Estate Agent Real Estate Valuation 301

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.

Marketing 392

Marketing Real Estate Agent Clients Tools 392

Cleveland Appraisal Blog

JULY 6, 2022

In this article, I thought I would share my thoughts on this and whether scanning a property with Cubicasa is considered to be an appraisal inspection. Here are some links to other articles I’ve enjoyed recently! Recession-Proof Your Business Part 2 – The Real Value Podcast with Blain Feyen. What do you think?

Inspection 369

Inspection Appraisal Technology Clients 369

CP Home Appraisals

OCTOBER 10, 2008

This requirement is true IF the cost of repairs to their home is equal to or greater than 50% of the STRUCTURES market value prior to the storm. The basis of the structure’s market value will be taken from HCAD records but unfortunately these values are terribly inconsistent and generally inaccurate.

Market Value 78

Market Value Marketing Property Taxes Appraisal 78

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why. That’s all I have for this week!

Appraisal 337

Appraisal Development Valuation Market Value 337

Cleveland Appraisal Blog

JANUARY 5, 2023

However, I’ve not really talked a lot about the Cleveland housing market, other than in my monthly newsletter. Thank you so much for continuing to read my articles at the Cleveland Appraisal Blog! What I have learned has served me very well over the past couple of years as the market changed so rapidly. I appreciate you!

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Cleveland Appraisal Blog

JULY 22, 2021

So, I am grateful to have guest blogger, Seth Murphy, who wrote this article for the Cleveland Appraisal Blog. I hope that you find his article beneficial. A roof improvement can also raise the home’s appraisal value if you ever decide to sell in the future. 4 Home Repairs You Need to Hand Over to a Professional.

Renovations 243

Renovations Appraisal Home Improvement Client Relationships 243

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.

Appraisal 221

Appraisal Market Value Clients Design 221

Cleveland Appraisal Blog

JUNE 10, 2021

I have read this from various sources including the article “One Onion Ring Ends Up In Every Burger King Order of Fries” , from the SouthFloridaReporter.com. Another article at brobible, entitled “10 things you probably didn’t know about onion rings” , mentions the same thing. So, they may call me.

Business 273

Business Advertising Appraisal Real Estate 273

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.

Agents 373

Agents Appraisal Renovations Development 373

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. It depends on who the primary market for that home is!

Appraisal 283

Appraisal Transportation Buyers Real Estate 283

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!

Inventory 243

Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

JANUARY 21, 2021

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. It is impossible to know the impact on market value until we know if repairs are needed. Let’s talk about the basis.

Appraisal 232

Appraisal Inspection Real Estate Market Value 232

CP Home Appraisals

OCTOBER 10, 2008

This requirement is true IF the cost of repairs to their home is equal to or greater than 50% of the STRUCTURES market value prior to the storm. The basis of the structure’s market value will be taken from HCAD records but unfortunately these values are terribly inconsistent and generally inaccurate.

Market Value 60

Market Value Marketing Property Taxes Real Estate 60

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.

Marketing 195

Marketing Contracts Appraisal Market Value 195

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. I hope her article gave you some things to think about if you find yourself in this situation. It is easier to move out of your home.

Renovations 221

Renovations Buyers Appraisal Investing 221