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 Agents 301

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. Public trust.

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Agents Appraisal Market Value Contracts 131

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

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? Appraisers look at homes that have sold, that are listed, and those under contract.

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Appraisal Market Value Development Clients 341

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. You can also listen right here at Cleveland Appraisal Blog! Depreciation!

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Appraisal Development Market Value Tenants 279

Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

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Real Estate Agent Real Estate Inspection Valuation 468

Birmingham Appraisal

NOVEMBER 20, 2024

It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am.

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Real Estate Appraisal Inspection Contracts 73

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. – Birmingham Appraisal Blog.

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Appraisal Law Development Valuation 309

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

Appraisal Buzz

AUGUST 16, 2021

Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. I’ve been consuming more news articles, blogs, and podcasts than ever before, but there are always some questions that never seem to get answered. Herein lies the appraisal gap.

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Market Value Buyers Appraisal Sellers 448

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

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Appraisal Contracts Market Value Clients 103

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

Cleveland Appraisal Blog

AUGUST 11, 2022

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. Thanks so much for reading the articles at the Cleveland Appraisal Blog!

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Renovations Buyers Appraisal Investing 221

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. – Birmingham Appraisal Blog.

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Agents Appraisal Renovations Development 373

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? Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Contracts Architecture Mortgage 77

Will Springer Realtor

OCTOBER 19, 2021

About 13% of appraisals came in below the contract price this August, the most-recent available data, according to housing-research firm CoreLogic. housing market is 7% of all mutually accepted contracts. Your real estate pro will know the true market value of the home based on recent sales of similar homes in the area.

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Contracts Appraisal Sellers Real Estate Agent 41

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

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? Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Contracts Architecture Market Value 59

Birmingham Appraisal

JUNE 13, 2023

This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.

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Real Estate Agent Real Estate Agents Reconsideration of Value 86

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 68

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. percent from 6.52

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Appraisal Training Contracts Mortgage 84

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. Twitter: [link] posted by noon Friday 2.

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Appraisal Real Estate Real Estate Agent Contracts 78

Appraisal Today

MAY 31, 2024

NOTE: Please scroll down to read the other topics in this long blog post on HUD bias Complaints, E&O insurance, home fire insurance, unusual homes, mortgage origination stats, etc = Can Fresh Staging and a Big Price Drop Help Sell This Grand Mansion in Lake Forest, Illinois? Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Insurance Contracts Architecture 66

Appraiserblogs

OCTOBER 27, 2023

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the… The post Reality of Today’s Appraisal Environment appeared on Appraisers Blogs.

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Appraisal Real Estate Agents Contracts 152

Appraisal Today

AUGUST 23, 2024

Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. NOTE: the popular ads with liability tips are below the first topic on my blog posts. The newsletters have abbreviated titles, taken from their blog posts. percent from 6.54

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Appraisal Contracts Investors Property Appraisal 69

Cleveland Appraisal Blog

SEPTEMBER 18, 2021

Chickens and honeybees can add value to your home. But not market value. They can add emotional value in terms of joy, fun, and education. You can also listen right here at Cleveland Appraisal Blog! Price reductions don’t mean the market is crashing – Sacramento Appraisal Blog. www.anchor.fm/cash-appraiserstats.com.

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Appraisal Market Value Contracts Marketing 243

Dart Appraisal

APRIL 22, 2021

Therefore, the leased fee estate value is equal to the fee simple estate, but the property rights are appraised. Market value label should be leased fee estate for technical accuracy and consistency with appraisal industry standards and practice. Contact us today at 888-DART-123 or sales@dartappraisal.com.

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Tenants Market Value Clients Landlords 67

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. What is Sale Price? It is a fact.

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Appraisal Business Contracts Real Estate 75

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. An example of this in real estate appraisal is the purchase and sale contract. In and of itself, it is not market value.

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Appraisal Contracts Real Estate Architecture 74

Simonson Real Estate

JULY 10, 2020

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. When a property has longer-term leases in place, even at market rates and terms, the interest appraised is typically leased fee. Value Scenarios. Prospective Values.

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Appraisal Process Appraisal Market Value Tenants 148

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 90

Appraisal Today

JULY 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on new online Fannie forms, highest and best use, real estate market, unusual homes, mortgage origination stats, etc. Famed Rotating Home in California On the Market for $5.3M How can market value be a function of price since price is not value?

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Appraisal Contracts Market Value Mortgage 87

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 78

Appraisal Today

JUNE 21, 2024

NOTE: Please scroll down to read the other topics in this long blog post overpriced homes, appraising 3,000 years ago, AMCs good bad ugly, unusual homes, mortgage origination stats, etc $85M Oceanfront Legacy Estate in the Hamptons (NY) Excerpts: 10bedrooms, 12.5+ Where is the market at right now? baths, 13,690sqft 5.8

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Appraisal Architecture Contracts Design 71

Simonson Real Estate

DECEMBER 6, 2022

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. When a property has longer term leases in place, even at market rates and terms, the interest appraised is typically leased fee. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

OCTOBER 25, 2024

Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. NOTE: the popular ads with liability tips are below the first topic on my blog posts. The newsletters have abbreviated titles, taken from their blog posts. percent from 6.76

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Appraisal Contracts Real Estate Mortgage 77

Birmingham Appraisal

JUNE 11, 2024

This can attract serious buyers and prevent prolonged market time. Smooth Transactions: An accurate appraisal helps ensure that when your home goes under contract, its value won’t become a stumbling block in the sales transaction. Cost does not always equal value.

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Appraisal Property Taxes Valuation Real Estate 87

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Tools Appraisal Renovations Design 65