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. All three are market-based approaches.

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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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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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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?

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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. For grants secured for commercial real estate acquisition or development, appraisal reviews are a must-have. Grant Applications.

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Housing Wire

NOVEMBER 30, 2023

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced.

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Cleveland Appraisal Blog

JUNE 30, 2023

Joining local clubs or organizations, volunteering for events or charities, attending spiritual centers, classes, or workshops, and online communities such as Meetup or Facebook groups are excellent ways to meet new people and develop a support system. Images by Pexels June, thank you so much for sharing these tips with us! Sage advice!

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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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McKissock

JANUARY 4, 2022

Real estate appraiser qualification criteria. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. I enjoy the valuation business but feel I am limited in my work as a trainee or licensed appraiser. more stringent) than AQB criteria.

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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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McKissock

AUGUST 21, 2020

USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. FREE GUIDE : Simplify the valuation process with this free Valuation Process Road Map. What you did or did not do in developing the appraisal. Development shortcuts? Reporting requirements.

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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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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

DECEMBER 28, 2021

Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. The PAVE Task Force is expected to issue a report with recommendations on how to reduce racial bias in home valuations sometime in early 2022,” he says. These are expected to be significant and far-reaching.

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McKissock

AUGUST 4, 2022

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. This topic is one of my favorites to present, and I am appreciative of the opportunity to do so at Valuation Expo.

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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. ANSI stands for the American National Standards Institute.

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Real Quantum

NOVEMBER 24, 2020

Have good moral character; Be a Certified General Real Property Appraiser (or meet equivalency). Hold bachelor’s degree or higher (or be a Certified General Real Property Appraiser). Daniel Frazee, MAI of Keller Craig & Associates has been active in the real estate industry since 2007. About the Author.

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Simonson Real Estate

DECEMBER 6, 2022

Market Value As Is – The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015). Clarify What Value or Values are Needed.

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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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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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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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Empire Appraisal Group

JULY 1, 2021

It’s also the appraiser’s job to develop an opinion on a home’s fair market value, and just because the buyer and seller have agreed on a price doesn’t mean that’s the true value of the property, said Francois Gregoire, broker, appraiser, instructor, and president of Gregoire & Gregoire Inc., Let them know how many offers came in.

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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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McKissock

NOVEMBER 3, 2020

A: The standard model for taking on a trainee is on-the-job training, developing individuals by letting them learn by doing. In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria. But if you want to train someone successfully, you have to do more than that.

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The Robert Weiler Company

OCTOBER 15, 2021

As such, awareness of these six potential issues is critical to success: Missing the mark with commercial property value. As noted within the beginner tips above, the valuation of a property is a fundamental step in commercial real estate investment. It is also where most errors often occur. 1031 Exchanges.

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Appraisal Today

SEPTEMBER 20, 2024

Over the past couple years, my team and I have been at the forefront of this revolution, developing customized AI agents that don’t just automate tasks—they enhance efficiency, save time, increase income, and streamline processes in ways previously unimaginable. professional real estate appraisers.” with over 5,000 members.

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Real Quantum

JUNE 8, 2022

The experience and education needed for MAI designation exceed the requirements for state certification, and this is why professionals certified as MAIs are widely considered to be the leading experts in the field of real estate appraisals. Because of this, an MAI designation sets career options much higher for those who pursue it.

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Property Metrics

MAY 28, 2021

The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence. Physical Obsolescence.

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Appraisal Today

AUGUST 9, 2024

However, from the perspective of the valuation profession, this isn’t an accurate question. We don’t provide an appraised value of a property. Instead, we provide an informed, objective opinion of the value of the property based on several factors and criteria as well as the type of value we’re asked to provide. 31, 2024.

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Appraisal Today

JULY 12, 2024

Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria?

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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 Today

APRIL 2, 2023

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. lenders and appraisers) to begin understanding the future state and start their development process.

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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. Issues with the Development Process. Date of Report Under Review: 07/19/2021. Date of Review Report: 08/02/2021.

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Appraisal Today

FEBRUARY 21, 2025

Moreover, appraisers must conduct each of the four tests on the real property as if vacant, and as improved. Applying each of these tests properly is essential to the valuation process. Order doesnt matter for the first two tests, but its essential for the last two. Should comp dates be based on contract or sale dates? .

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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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