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? Wouldn’t that information be valuable to know?

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Appraisal Market Value Legal Property Appraisal 358

Appraisal Buzz

JUNE 11, 2024

Department of Housing & Urban Development (HUD) and U.S. Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 Census Bureau, the nation’s manufactured housing market provides affordable housing to nearly 6.7

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Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. The examples are not intended to imply that information on zoning is necessary in all appraisal reports.

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Valuation Appraisal Contracts Legal 360

Appraisal Buzz

OCTOBER 11, 2021

In truth, human appraisers fill two vitally important roles today, (1) we collect information and (2) we analyze it so it can be presented to our clients. Unlike the dentist, we heat up our full appraisal pro and prepare to x-ray the property again, metaphorically speaking. We’ll have to do the same thing.

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Appraisal Buzz

FEBRUARY 17, 2025

Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. Order doesnt matter for the first two tests, but its essential for the last two.

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Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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Housing Wire

DECEMBER 8, 2023

Are you looking to get licensed as a real estate agent in Arizona? We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. out of 5 stars Rating: 4.5

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Cleveland Appraisal Blog

MAY 26, 2023

(Assuming they made adjustments) Did you consider any relevant market trends or economic factors when determining the property’s value? Can you provide any additional information or documentation to support your appraisal? Interestingly, each approach to value can help aid in the development of the other approaches to value.

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Cleveland Appraisal Blog

NOVEMBER 11, 2021

And to be honest, they do provide some useful information to the public. ” I wonder what would have happened if they had hired appraisers to appraise the homes they were buying, and relied upon a professional real property appraisers’ opinion of value when making their decisions? They are excellent at marketing.

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Valuation Market Value Appraisal Real Estate 369

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

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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. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value.

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Housing Wire

APRIL 22, 2024

Exam Prep: Prelicensing Standard, Value, and Premium packages all feature Exam Prep Edge, a study tool that breaks down the material into unit lessons to help you understand and retain the information. Colibri courses were created by experienced industry experts, and include real-world examples and interactive learning opportunities.

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Housing Wire

NOVEMBER 30, 2023

Whether you looking for a Chicago real estate school to get a real estate broker license or you’re already licensed and wanting to find an online program to become a managing broker elsewhere in the state, there are many Illinois real estate schools to choose from. out of 5 stars Rating: 4.5 out of 5 stars Rating: 4.5

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Cleveland Appraisal Blog

JUNE 30, 2023

To ensure suitability, research neighborhoods, read reviews, and consult locals or real estate agents. Additionally, visit sites like Cleveland Appraisal Blog for great information. I hope you found some information that you found beneficial. Images by Pexels June, thank you so much for sharing these tips with us! Sage advice!

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The Robert Weiler Company

SEPTEMBER 30, 2020

And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. A commercial real estate appraisal review is a necessary professional check on the accuracy and quality of a commercial appraisal report … full stop.

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Cleveland Appraisal Blog

APRIL 21, 2022

Second, when searching for sales that are similar to the property being appraised, I’ve never read agent comments in the Multiple Listing Service (MLS) that state, “This home’s list price is being reduced by ten percent because the neighbors are difficult and crazy.”. Sellers want to capitalize on how much they can sell their homes for.

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Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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McKissock

JANUARY 4, 2022

. * Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. You can find more information on upgrading, as well as upgrade packages for your state, at McKissock.com. McKissock professional development courses.

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McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase. Paul, Minn.).

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McKissock

MARCH 17, 2023

property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. You might be looking to grow your business, delegate tasks (e.g., In this post, we outline how to become a supervisory appraiser.

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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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McKissock

AUGUST 21, 2020

USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. What you did or did not do in developing the appraisal. Development shortcuts? So you must not take development shortcuts when using a Restricted Appraisal Report. Reporting requirements. Get the free guide.

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McKissock

OCTOBER 5, 2021

The Foundation is pleased to once again partner with McKissock to develop online versions of the real property 2022-2023 7-Hour National USPAP Update Course. For more information on the official online USPAP Update Course and to see if the new course is available in a specific state yet, visit mckissock.com/uspap.

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DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16. Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

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Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. If something comes up that may impact delivery or information is missing, it is important for the lender and appraiser to inform the bank reviewer/credit analyst. Environmental Information.

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Walitt Solutions

MAY 24, 2024

Notice that nothing prohibits the appraiser from rising above the minimum requirements, such as including information on amendments or addenda to the contract that took place after the effective date. Example 1 [Contract section on the form] See text addenda for information on the contract as of the effective date and a subsequent addendum.

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Contracts Appraisal Clients Market Value 74

McKissock

MAY 18, 2021

While the appraiser has broad flexibility in the level of detail and manner of disclosing the scope of work in the appraisal report, there must be sufficient information contained in the report for the client and other intended users that rely on the assignment results to understand the scope of work performed. Scope of work disclosure.

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Empire Appraisal Group

AUGUST 12, 2021

Appraisers use three approaches to develop an opinion of the value of a home: The sales comparison approach looks at the subject property against similar, nearby recently sold properties. Single-family Housing Policy Handbook from the Department of Housing & Urban Development (PDF, see page 578). Molitor-Gennrich.

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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. Learn more in our free guide, The ROI of Professional Development for Appraisers. Written by Steven W.

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Annarbor Appraisal

APRIL 9, 2020

Ann Arbor is somewhat insulated from national market forces in that we are a university community, and the university brings with it a lot of stability due to student life, research and development, and the industries that tie in to the university. That said, we are not immune. Agents in my market are largely optimistic.

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Empire Appraisal Group

JULY 1, 2021

Interacting With an Appraiser at a Property. Michelle Bradley, a certified general appraiser, instructor, and founder of Bradley Consultants LLC, recommended that agents bring a packet of information about their listing for the appraiser. a residential real estate appraisal firm based in St.

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McKissock

SEPTEMBER 24, 2021

Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Further adding some confusion into the mix is USPAP’s conditional requirement for appraisers to develop and report an opinion of ‘Reasonable Exposure Time.’ HOW are the analyses done?

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The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Surges in Residential and Commercial Real Estate, and Land Sales. More housing developments are needed, leaving the door open for developers and investors to fill the gap.

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The Robert Weiler Company

OCTOBER 15, 2021

Many commercial property investors don’t realize that they also have the opportunity to request that the due diligence period begins after the seller provides each necessary piece of information. Seasoned commercial property investors know that money need not be spent until after performing their review. 1031 Exchanges.

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McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Appraisal of Owner-Occupied Commercial Properties.

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Empire Appraisal Group

JULY 28, 2022

ANSI doesn’t develop standards itself but provides a framework for setting them in a wide range of disciplines. Much of the information about property physical characteristics is obtained from public record sources that are usually developed by the county assessor. voluntary standard and conformity assessment system.

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Boston Appraisal

JUNE 24, 2019

This dichotomy between the perceived value of the property and the one reflected in the appraisal can lead to many issues when selling or refinancing. Let’s explore how solar panels and other green features add value to real property. Solar Panels and Other Green Features Are a Good Investment.

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