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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

By applying these methods, appraisers can provide reliable, accurate valuations that reflect current market conditions and ensure the appraisal’s credibility and acceptance. Authors note: I may use time adjustments and market conditions adjustments interchangeably. Brents graphics are seen in Figure 8.

Appraisal 358
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Zillow Zinged

Cleveland Appraisal Blog

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. There are several reasons.

Valuation 364
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Relocation Appraisals: The Power of Market Analysis

Appraisal Buzz

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. In this article, Ill tell you why. Some other features in our magazine include funny Buzztoon comics, industry trends, as well as crazy stories from appraisers and readers like you!

Appraisal 186
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Contributory Value

Appraisal Buzz

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. The SCA is a model used to predict a value. There’s an important difference between the MVR model and the SCA: MVR mathematically chooses the variables that work best to predict value.

Valuation 369
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Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Applying each of these tests properly is essential to the valuation process. In many litigation situations where appraisers values are far apart, its due to H&BU analysis differences.

Legal 243
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The Fall 2022 Appraisal Buzz Magazine is Here!

Appraisal Buzz

This year, our magazine is loaded with insightful articles ranging on topics such as market value to ANSI standards, and so much more! Make sure you look at our schedule for Valuation Expo – there are plenty of new sessions, speakers, and sponsors this year! Read all these articles and more in the latest edition HERE.

Appraisal 195
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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

Appraisal 301