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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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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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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
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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

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. So, my aim in this article is not to place blame on anyone. I also developed the replacement value, and I had comparable land sales from the neighborhood.

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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

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.

Appraisal 309
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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