Cleveland Appraisal Blog

APRIL 11, 2023

With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? That can have a big impact on market value.

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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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The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). Question 1: Why do I need to understand business valuation?

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Housing Wire

JUNE 11, 2021

An appraisal is a valuation of a property by a third party. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. The buyer typically covers the cost of the appraisal.

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Realvals

FEBRUARY 10, 2025

These comparables or “comps” help determine the home’s value in the current market. The appraiser then weighs all factors to arrive at the appraised value. This figure represents the property’s fair market value. They are often required by lenders when someone applies for a mortgage.

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Appraisal Partners Blog

MARCH 6, 2025

They determine the fair market value of real estate assets, which is necessary for various purposes, including tax calculations, distribution of assets to heirs, and probate proceedings. An estate appraisal is a professional valuation of real estate owned by a deceased person (the decedent). The valuation methodology used.

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Appraisal Hub

JULY 26, 2024

Imagine you could get a report card for a home, highlighting each element that adds or subtracts value. This is called property valuation. Whether buying, selling, or refinancing a property, a meticulous and professional appraisal is essential to ensure fair market value. What Is Property Valuation?

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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. Recession-Proof Your Business Part 2 – The Real Value Podcast with Blain Feyen. What is a Valuation Model?

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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.

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Simonson Real Estate

JULY 10, 2020

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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Appraisal Partners Blog

JANUARY 10, 2025

Introduction In the real estate industry, where significant financial decisions hinge on property valuations, the importance of ethics in the appraisal profession cannot be overstated. Appraisers serve as impartial experts, tasked with providing objective opinions of value based on thorough analysis and market data.

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Birmingham Appraisal

JANUARY 29, 2025

Pending sales can help us see the direction a market is taking during times of rapid increases or decreases in prices. Using this information helps appraisers provide the most accurate and up-to-date valuation possible. Active listings help us to understand what other competing properties are listed for.

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AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Appraisal management involves coordinating and overseeing the valuation process to ensure compliance with industry standards like USPAP in the US.

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DataMaster

APRIL 6, 2021

The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. In Art’s eyes, the valuation of his home wasn’t keeping up with the current market’s trajectory. We must look at the market analysis and where we are coming from.

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Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property. the value opinion in an appraisal).

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Miller Samuel

MARCH 19, 2019

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. It taxes residential properties valued at $5 million and above in NYC, most of which are in Manhattan.

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Appraisal Hub

MARCH 20, 2025

Its like pricing a used car; you look at similar models, factor in mileage (or, in this case, renovations), and determine a fair market value. The Catch: What happens when the market is moving faster than past sales can reflect? They look for market trends, financial performance, and legal restrictions that could impact value.

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Boston Appraisal

OCTOBER 8, 2022

Also known as bifurcated appraisals, hybrid appraisals employ a more streamlined appraisal approach that involves separating the valuation aspect of an assessment from the property inspection portion. Finally, the appraiser is tasked with completing the valuation, which they typically do by utilizing data from MLS and other public records.

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Appraiserblogs

JULY 6, 2022

The appraiser develops an independent opinion of value for the property through an appraisal, and the attorney ensures that the appraisal is sufficient to support a just compensation determination in what is essentially a legal proceeding. If the property owner’s. Related Posts: Appraisal Fraud You might want to read this article.

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Realvals

JUNE 18, 2023

” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. An appraisal can assist you in determining the value of real estate, personal items, and business interests. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries.

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Birmingham Appraisal

JUNE 11, 2024

By using the appraisal to price their home to the market, and factoring in the improvements, they were able to price it competitively and sell within a reasonable period of time. Accurate pricing involves more than adding the cost of improvements to the market value of your home. Cost does not always equal value.

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The Robert Weiler Company

SEPTEMBER 16, 2021

The goal of a real estate valuation is to pinpoint the price and value of a property. The two main reasons behind obtaining a commercial real estate appraisal are buying and selling commercial property and legal governance. In addition, there are four main methods for calculating a commercial real estate valuation.

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AmeriMac

JANUARY 31, 2025

A qualified professional appraiser gives an unbiased estimate of the property’s market value. This value considers different factors to ensure buyers and sellers are treated fairly. Understanding real estate appraisals is crucial in a changing market like New Albany, OH.

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McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now.

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Empire Appraisal Group

OCTOBER 5, 2023

A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. Valuation Date : The valuation date is critical in these appraisals.

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Boston Appraisal

AUGUST 30, 2023

Their role is multifaceted, touching upon asset valuation, regulatory compliance, risk management, and more. Asset Valuation Valuing assets accurately is a cornerstone of a CPA’s responsibilities, whether for financial reporting, business planning, or securing loans and investments.

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Real Estate Appraisal Valuation Property Taxes 109

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you’re selling or dividing assets post-divorce, the appraised value ensures that you’ll receive a fair sale price.

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Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Their expertise goes beyond helping buyers and sellers determine accurate market value.

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Boston Appraisal

SEPTEMBER 18, 2023

As industry leaders in both residential and commercial real estate valuations, Boston Appraisal Services deeply understands the critical contribution that precise appraisals make in the estate planning matrix. This maximizes the value of the estate and preserves wealth for future generations.

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MN Real Estate Services

APRIL 20, 2017

Unlike most home appraisals, there are usually far fewer comprable (comps) properties with which to do an accurate valuation based on market activity. Appraisers use three approaches to value in Appraisal Practice when determining the Market Value of a property: The Sales Comparison Approach. The Cost Approach.

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Cleveland Appraisal Blog

FEBRUARY 11, 2022

When reading through that report, I noted that the appraiser got the address and legal description right. The appraiser’s market analysis was not supportable, nor were the sales that they choose to use to compare to the property being appraised. The market value is what it is. But it all went downhill from there.

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Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. employ certified professionals who understand the nuances of the local market. is a wise choice.

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Boston Appraisal

JULY 6, 2023

Property disputes can come in many forms: from squabbles between neighbors about boundary lines to legal battles in a divorce proceeding over shared assets. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

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D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. Appraisals are not only important for the house-buying process, but they are also used for financial loans, property tax appeals and some legal processes. What is an Appraisal, and Who Pays for it?

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Empire Appraisal Group

OCTOBER 12, 2023

An appraisal provides an objective and fair market value of the home, helping to ensure that property division is equitable. It can help both parties agree on the value of the home, which is an important factor in reaching a fair divorce settlement. It adds a level of credibility to property valuation discussions.

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Appraisal Partners Blog

JANUARY 9, 2024

Reasons Why You Should Hire an Appraiser for Divorce Appraisal As discussed, hiring an appraiser plays an essential role in dividing assets and determining the fair market value of residential property. Conclusion Have you got divorced recently but are still stuck defending your assets?

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Boston Appraisal

MAY 27, 2019

Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority.

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