Cleveland Appraisal Blog

MAY 26, 2023

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. Have a great weekend!

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Appraisal Real Estate Agent Real Estate Valuation 301

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date. Value Scenarios. Bottom Line.

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Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must : (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) Let me give you a real-world example. Lenders are not value experts.

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Appraisal Development Valuation Market Value 337

Cleveland Appraisal Blog

JANUARY 19, 2023

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. How about underimproved? What do these things indicate?

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Appraisal Transportation Buyers Real Estate 283

The Robert Weiler Company

SEPTEMBER 30, 2020

As shocking as it may be, commercial real estate appraisal reviews are required for the following reasons: The conclusion of the original CRE appraisal is in contention. The obligation to the client isn’t met. It isn’t clear who owns the appraised property. City or federally owned property is being evaluated.

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Real Estate Appraisal Valuation Property Appraisal 137

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? Isn’t that all that appraisers do? Don’t you?

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Appraisal Market Value Legal Property Appraisal 353

MN Real Estate Services

FEBRUARY 4, 2017

When Emotions Are Raw, and Trust Is Low, You Need a Real Estate Appraisal That Could Stand Up In Court If It Had To. Your client is going through divorce and there is real property involved. You contact Minnesota Real Estate Appraisal Services LLC in Minnesota and get them to do an Appraisal that both parties can trust.

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Real Estate Appraisal Real Property Valuation 78

McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client. Clients and intended users.

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Appraisal Appraisal Process Clients Development 92

DataMaster

JUNE 15, 2023

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new.

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Appraisal Tenants Investors Business 148

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Real Quantum

NOVEMBER 24, 2020

It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. They do this through client relationships and should be rewarded for it. Have good moral character; Be a Certified General Real Property Appraiser (or meet equivalency).

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Appraisal Client Relationships Design Property Appraisal 64

McKissock

SEPTEMBER 10, 2020

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Business components in special purpose properties are often referred to as “intangibles.” Second generation use.

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Appraisal Valuation Real Estate Design 54

McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. These are expected to be significant and far-reaching.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. As year-end is approaching, we reflect on the past year and look ahead to the future.

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Appraisal Process Real Estate Appraisal Renovations 78

Empire Appraisal Group

JULY 28, 2022

It is in our interest, as competent real estate professionals, to be aware of the ever-changing valuation landscape so that we can help our clients better understand the appraisal and financing process. Craig Morley, GAA, MNAA, is owner and managing partner of Accurity Valuation–Morley & McConkie LC in St.

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Appraisal Agents Valuation Realtors 78

Walitt Solutions

MAY 17, 2024

” But to an appraiser, users of appraisal services, and regulatory agencies in the valuation space, “personal inspection” takes on a very specific meaning. Example Scenario : The appraiser physically inspected the subject property on March 1 for appraisal assignment A for Client A.

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McKissock

MAY 26, 2023

” The most popular answer was, “Offer your appraisal services to a variety of clients (attorneys, real estate agents, homeowners, property investors, etc.).” I’ve taken this opportunity to network and market to new clients, take additional courses, and work with mentors/coaches.

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Real Estate Appraisal Marketing Business 64

East Coast Appraisal

OCTOBER 18, 2021

Some of the licenses federal law might require include Certified General Real Property Appraiser and Certified Residential Real Property Appraiser. A good appraiser should provide several references for previous clients. An associate degree is also often a mandatory requirement. Experience. References.

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Appraisal Property Appraisal Valuation Real Estate 52

Empire Appraisal Group

JULY 1, 2021

Don’t tell the appraiser your client needs a certain value, for example. If there is no competition, and you’ve got no supply, that has an influence on the value of that property.”. The appraiser has a scope of work for every lender client, which differs depending on the mortgage product, said Bradley.

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Agents Appraisal Real Estate Realtors 78

DataMaster

JUNE 15, 2023

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new.

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Appraisal Tenants Investors Business 78

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. The references should be current or previous clients, and at least one should be from the community. Ask an appraiser about their education and licensing. Call today!

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Real Estate Appraisal Valuation Loan Officers 36

Appraisal Today

SEPTEMBER 20, 2024

AI Agents for Business Growth and Client Engagement AI Client Communication Manager: This agent handles routine client inquiries, schedules appointments, returns emails, and manages follow-up communications, freeing up time for more critical tasks while ensuring consistent and professional client interactions. Handbook.”

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Appraisal Business Contracts Real Estate 73

McKissock

NOVEMBER 3, 2020

Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria.

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Appraisal Training Business Property Appraisal 75

McKissock

AUGUST 13, 2021

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. What is an appraiser expected to analyze and give an opinion on? Written by Steven W.

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Contracts Appraisal Market Value Real Estate 64

The Robert Weiler Company

OCTOBER 15, 2021

Many property owners were surprised by the subsequent tax increase determined by the County Auditor’s Office. If not for the in-depth work of independent commercial real estate appraisers in challenging the updated tax burden of their clients, the property owner, many would be unnecessarily paying increased taxes.

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Investing Real Estate Tenants Investors 138

Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. . which can relate to valuation.

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Appraisal Agents Real Estate Real Estate Agent 80

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. However, from the perspective of the valuation profession, this isn’t an accurate question.

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Appraisal Today

JULY 12, 2024

Integrity Remain steadfast in your commitments, stay true to your word, and uphold your principles, even if this requires declining an appraisal assignment or future work with a client or their agent. Before delivering work to clients, conduct a thorough review to mitigate potential errors.

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Appraisal Design Contracts Business 68

Appraisal Today

JUNE 24, 2022

Among the rights that come with real property ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. Communicating with non-lender clients is very, very different than lenders!

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Appraisal Contracts Mortgage Easement 52

Valuation Nation

AUGUST 2, 2021

As the author of these blogs is an appraiser, and this deals with the largest real property valuation organization in the country, I thought it may be apropos to style this blog after an appraisal review. Client and Intended user(s): the appraisal profession and stakeholders thereof.

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Appraisal Today

NOVEMBER 29, 2024

This also opens the door for pushback on related changes, such as the expansion of the Nondiscrimination rule of the Uniform Standards of Professional Appraisal Practice, or the addition of valuation bias education to the Real Property, to the extent that either of these would include content that goes beyond what exists in statute already.

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Appraisal Business Contracts Real Estate 76