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. Click here to visit their website.

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Housing Wire

SEPTEMBER 20, 2024

We give them all the same information that Zillow and others would give them — pictures and the AVM with current market value. One of the beautiful things about remote is we have top-tier engineering talent from the markets where they want to live. SW: What makes you optimistic about your company and the fix-and-flip business?

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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. Is The Real Estate Market Shifting? A sharp change in the housing market – Sacramento Appraisal Blog.

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Miller Samuel

MARCH 19, 2019

That article came out in 2014 right as the housing market was peaking. The market value of these properties will be based on a "comparable sale-based valuation method." which seems in direct conflict with state law since co-ops and condos are valued as rentals by state law in NYC. They will simply go elsewhere.

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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. Click here to visit their website.

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Cleveland Appraisal Blog

AUGUST 11, 2022

The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property. In some cases, any attempt to avoid disclosing the problems your home has might result in legal action on the buyer’s part.

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D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. What is a Home Appraisal and Why is it Important?

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Eppraisal

OCTOBER 23, 2023

Your offer will only become legally binding if the seller signs it. If the inspection finds the house is unfit for occupancy, discuss with the seller who should pay for what and schedule repairs immediately. Wait for the Appraisal The lender will hire an appraiser to determine the house’s fair market value.

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Eppraisal

JULY 2, 2024

Squatting, the act of occupying an abandoned or vacant property without the legal right to do so, is a growing concern for real estate investors. While squatting has been a persistent issue for decades, recent economic challenges and housing shortages have exacerbated the problem.

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AmeriMac

MAY 15, 2024

Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

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AmeriMac

DECEMBER 15, 2024

It helps to get an objective and fair assessment of a property’s market value, and a low appraisal can also serve as a negotiating tool for buyers. Simply put, an appraised value is determined by a qualified professional called an appraiser. They manage the appraisal process to find out the market value of homes.

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Listing Spark

JUNE 6, 2024

Quick Takeaway: FSBO in Atlanta can save homeowners thousands of dollars in agent fees, but it requires time, effort, and a good understanding of the housing market. However, ListingSpark offers MLS listing and syndication plus a 150-point marketing plan and e-flyer blast to help you get your property listed and noticed.

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Zillow

JULY 15, 2019

Freddie Mac : A government agency chartered by Congress in 1970 to provide a constant source of mortgage funding for the nation's housing markets. Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house. Examples include the VA funding fee and the FHA funding fee.

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Movoto

FEBRUARY 23, 2024

Think of a lease as a handshake agreement – but on paper and legally binding. Legal implications differ. Both renting and leasing agreements are legally binding contracts, but they have different implications for both landlords and tenants. What is a Lease Agreement?

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Assurance Financial

DECEMBER 20, 2021

This scenario requires good home equity — which is the homeowner’s financial stake in their house — to warrant a high enough price. The home’s gains in market value. The cost of renovations or improvements the seller made to the house. Mortgage principal payments.

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Appraisal Today

AUGUST 23, 2024

Investors use them to evaluate the value and risk of potential investments. Attorneys order reviews to support legal matters involving property valuation, including disputes and condemnation cases. Insurance companies use them for verifying property values in underwriting and claims.

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PennyMac

JUNE 28, 2022

To close on a house, you’ll need to pay whoever handles the closing for their services. State laws will usually dictate who is legally responsible for overseeing the closing. Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates.

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Cleveland Appraisal Blog

MARCH 15, 2023

To make the process go as smoothly as possible, start by focusing on the important steps, like downsizing, gathering important legal records, organizing medical information, preparing for a move, and any needed storage. Legal Documents Moving to a senior living community requires legal documents to ensure your health, safety, and well-being.

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Appraisal Today

JANUARY 5, 2024

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. You’ll learn key ways to work on eliminating bias and reduce your legal risk. Legal topics are very popular with appraisers.

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Appraisal Today

SEPTEMBER 9, 2022

But here’s the reality: Even in today’s fraught, price-squeezed housing market, you don’t actually need to be rich or famous to afford a sprawling home. Get the relevant date of value from the client or client’s attorney. Because of the housing shortage, investors are buying single-family residences. Excerpts: 2.

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Appraisal Today

MARCH 21, 2025

Appraisal Waivers Contribute to Data Cancer in the Housing Market. So one main difference between traditional lender appraisals and relocation appraisals is the forecasting aspect: whereas lender appraisals determine a current market value, relocation appraisals try to project what the sales price WILL be.

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AmeriMac

FEBRUARY 15, 2025

They ensure accurate property valuation based on market and fair market values using certified professionals and valuation models. By adhering to regulations from organizations like the Consumer Financial Protection Bureau and the Federal Housing Finance Agency, AMCs promote transparency and efficiency in transactions.

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Housing Wire

OCTOBER 10, 2023

And the market has gotten much darker over the last few years. After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I “The only way you can navigate that gray space is to define what your black is in that space.”

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Will Springer Realtor

SEPTEMBER 11, 2024

The revenue would go toward funding the Seattle Social Housing Developer (SSHD), which voters overwhelmingly approved its creation in 2023. Councilmember Bob Kettle said the decision to delay was due to “legal issues” that had been raised. The funding mechanism must still be addressed. He did not elaborate.

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