Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. I also developed the replacement value, and I had comparable land sales from the neighborhood. Does this seem healthy to you? www.anchor.fm/cash-appraiserstats.com.

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

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

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Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. You can also listen right here at Cleveland Appraisal Blog! . – George Dell’s Analog Blog.

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Cleveland Appraisal Blog

JANUARY 5, 2023

I’ve been blogging for years. 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! You can also listen right here at Cleveland Appraisal Blog! I appreciate you!

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

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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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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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Cleveland Appraisal Blog

MARCH 25, 2023

In this blog post, we’ll discuss the different factors that determine the size of a dumpster needed for a kitchen demo and remodel project, provide recommendations to get a 6-yard dumpster and explain how to choose a reputable commercial dumpster rental company. And thank you dear reader for visiting the Cleveland Appraisal Blog!

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Supply Chain Renovations Appraisal Market Value 280

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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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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Riverfront Appraisals

APRIL 20, 2023

This blog is dedicated to the countless homeowners who, as we’re finishing up with the appraisal inspection, ask “well, is there anything I can do to increase the value of my home?” You go to list […] The post FAQ #16: What Can I Do To Increase My Home’s Market Value? appeared first on Riverfront Appraisals.

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Sacramento Appraisal Blog

JUNE 21, 2021

A couple weeks ago a viral story came out about a fund called BlackRock who was reported to be buying everything in sight and paying 20-50% above market value. Market update on […]. Let’s talk about this as well as other institutional investors right now. This is a longer post, so scroll topics (or digest slowly).

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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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Cleveland Appraisal Blog

AUGUST 6, 2021

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. What about paying more than market value due to being in a bidding war? No one knows what the market will do tomorrow.

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Cleveland Appraisal Blog

DECEMBER 10, 2022

However, I have never found that an annoying neighbor really has any impact on market value. I covered this topic in my article, “Is Your Crazy Neighbor Lowering Your Home’s Value.” In 2023, I am going to work on providing some blog posts that focus more on the Cleveland market.

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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. – DW Slater Appraisal Blog.

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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. – Sacramento Appraisal Blog.

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Inventory Market Value Appraisal Contracts 243

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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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. A roof improvement can also raise the home’s appraisal value if you ever decide to sell in the future. I’ll be back in two weeks with another blog that I am working on. Tackling Electrical Projects.

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Renovations Appraisal Home Improvement Client Relationships 243

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

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Cleveland Appraisal Blog

JUNE 10, 2021

A couple of weeks ago, a homeowner hired me to appraise a four-unit apartment because they want to sell it, and needed to know the market value of the property, to know how much to sell it for. The beauty of setting this up is that you can also use this QR code in other types of advertising, like this blog! (I www.anchor.fm/cash-appraiserstats.com.

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Business Advertising Appraisal Real Estate 273

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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Cleveland Appraisal Blog

JANUARY 21, 2021

It is impossible to know the impact on market value until we know if repairs are needed. Because major structural repairs have a negative impact on market value, we must take this situation seriously. . You can also listen right here at Cleveland Appraisal Blog! My new sewer line adds huge value, right?

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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…”. .”

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JMV Lending

AUGUST 11, 2023

This is exactly the type of volatility I predicted in Wednesday’s blog. Rates shot up because of Fed comments about inflation concerns yesterday and because of a higher-than-expected Producer Price Index print […] The post How Much Power Do Appraisers Have Over Market Values? Holy Rate Volatility, Batman!

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Housing Wire

AUGUST 3, 2023

Combining the strengths of AI with the expertise and insights of real estate professionals could provide the best results in accurately assessing the market value of homes.” If readers detect that the content wasn’t written by the agent, another impersonal blog post won’t impress them or instill confidence in the agent’s expertise.

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Cleveland Appraisal Blog

APRIL 23, 2021

June reached out to me to see if I would be interested in having her write a piece for the Cleveland Appraisal Blog, on helping the elderly or disabled when they are in decline. People who are helping their loved ones with estate issues will benefit from checking out the Cleveland Appraisal Blog. – Birmingham Appraisal Blog.

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Appraisal Buzz

MAY 7, 2021

In a recent post on the National Association of Home Builder’s (NAHB’s) Eye on Housing blog, chief economist Paul Emrath said rising softwood lumber prices have added $35,872 to the price of an average new single-family home , and $12,966 to the market value of an average new multifamily home.

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Market Value Appraisal Marketing 170

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. What Is A Competitive Market Area? www.anchor.fm/cash-appraiserstats.com.

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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. You can also listen right here at Cleveland Appraisal Blog! The Best Part Of My Job As An Appraiser – Yolo Solano Appraisal Blog. – Sacramento Appraisal Blog.

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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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Cleveland Appraisal Blog

DECEMBER 19, 2021

If you also keep your receipts and take before and after photos, you’ll have an easier time demonstrating the value of the work, making it easier to get top dollar when you sell. For more home advice and resources , visit the Cleveland Appraisal blog! You can also listen right here at Cleveland Appraisal Blog!

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Cleveland Appraisal Blog

JANUARY 13, 2022

Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. We measure the improvements to verify that we are appraising the home based upon accurate square footage, which has a direct impact on market value in most cases. – DW Slater Company Blog.

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Appraisal Inspection Clients Real Estate 221

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. Thanks so much for reading the articles at the Cleveland Appraisal Blog! You can also listen right here at Cleveland Appraisal Blog! . It is easier to move out of your home.

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Renovations Buyers Appraisal Investing 221

JMV Lending

APRIL 18, 2024

The post Appraised Value Can’t Exceed Highest Comps; Appraised Value Market Value; WHY WE NEED AGENTS! We had an appraisal come in $40,000 under contract a few weeks ago and both the buyers and sellers were furious solely because they did not understand appraisal guidelines. appeared first on JVM Lending.

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