Cleveland Appraisal Blog

MAY 9, 2024

While inventory levels are still low, at around a month and a half of inventory, in some smaller market areas in Cuyahoga County, and surrounding counties, I am seeing inventory levels increase rapidly in the past month. Inventory levels are increasing in this market area. Inventory levels are also increasing.

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Inventory Appraisal Real Property Property Appraisal 349

Cleveland Appraisal Blog

JANUARY 19, 2023

” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. That is not always a simple task.

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Appraisal Transportation Buyers Property Appraisal 288

McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. “Mortgage rates are expected to rise, but still remain attractive and reasonable.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Appraisal Today

SEPTEMBER 22, 2023

Most of the inspection training we receive as appraisers happens in the field. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. Certification and licensing simply didn’t exist. The refinance share of mortgage activity increased to 31.6

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Appraisal Training Inspection Real Estate 94

Appraisal Today

AUGUST 9, 2024

Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Most often, it is defined as the most probable price a property should sell for under typical conditions. The refinance share of mortgage activity increased to 41.7

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Appraisal Reconsideration of Value Insurance Market Value 74

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 85