Remove Inventory Remove Property Appraisal Remove Valuation
article thumbnail

Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. Pending sales are particularly useful because they represent properties that have attracted buyers, reflecting the current market conditions.

Appraisal 358
article thumbnail

What to do about the appraiser shortage

Housing Wire

It has a very uncertain future: will in-person appraisals be the norm, or will technology overtake the process completely or partially? Hybrid appraisals, desktop appraisers, and new online platforms are slowly being introduced, which could appeal to the newer labor force, Reese said.

Appraisal 459
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraisers raise alarm on AMC revenue-sharing models

Housing Wire

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. AMCs have a tendency to select appraisers who are willing to work for relatively low fees.

Appraisal 370
article thumbnail

Pickleball is keeping folks moving in Ohio… Cleveland housing prices are also on the move!

Cleveland Appraisal Blog

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.

Inventory 349
article thumbnail

What’s My Business Really Worth? 12 Q&A To Solving Your Business Valuation Mystery [2021]

The Robert Weiler Company

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. So, how are businesses valued?

Valuation 147
article thumbnail

Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics.

Appraisal 288
article thumbnail

Can Your Neighborhood Affect Your Property Appraisal? Key Factors to Consider

AmeriMac

A property appraisal determines the value of that property in the current market. Real estate agents use special tools and databases for detailed appraisals. They share appraisal reports safely through HTTPS portals or emails. Contact us by phone or online to schedule your appraisal.