Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised.

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McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection.

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Cleveland Appraisal Blog

MAY 26, 2023

The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.

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Realvals

FEBRUARY 10, 2025

Next, we research similar properties that have sold recently. 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.

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Appraisal Hub

OCTOBER 16, 2024

Understanding the true value of your property can make all the difference when it’s time to sell, buy, or invest. A property appraisal gives you the insights needed to make informed and profitable decisions. This guide will explore the key aspects of property appraisals and help you navigate the process effectively.

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Appraisal Buzz

MAY 24, 2021

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. These properties are not for owner occupancy.

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Appraisal Hub

OCTOBER 12, 2021

A property appraisal is also known as real estate appraisal and it can help you learn your property’s real market value in Toronto. The company will assign an appropriate property appraiser to take care of the commercial or residential appraisals depending on your requirements.

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D Fritz Appraisals

JANUARY 29, 2025

House Appraisal vs BC Assessment: How They Impact Your Homes Value Understanding the difference between residential home appraisals vs BC assessments. These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia.

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Housing Wire

AUGUST 31, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction.” Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR waive the traditional appraisal requirements for qualifying loans.

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Cleveland Appraisal Blog

JANUARY 19, 2023

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. Sometimes, this is a difficult question.

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Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Property Appraisal Investing Appraisal Renovations 78

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. It took me hours to measure the improvements on the property. I’ll be ready for the next complex property!

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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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Realtor

DECEMBER 4, 2019

If you’re buying commercial real estate, a property appraiser may conduct a business valuation to determine market value in much the same way. A home appraiser will report on the value of similar properties in your area, so you can determine whether your upcoming real estate transaction is a smart one.

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Boston Appraisal

FEBRUARY 11, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions.

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The Robert Weiler Company

APRIL 12, 2023

It is recommended that a property appraisal is performed and submitted with the complaint; however, it is not required for the hearing before the BOR. Armed with a professional, private review of your commercial property’s worth will help ensure the most accurate valuation and subsequent tax rate.

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East Coast Appraisal

JULY 7, 2022

property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. .

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East Coast Appraisal

FEBRUARY 23, 2022

A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Below are some reasons to commission commercial property appraisals. Contact us.

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Realtor

AUGUST 7, 2019

Furthermore, a lender isn’t likely to even accept your appraisal for its purposes; the lender will want to choose the appraiser to ensure it’s a truly unbiased third party assessing the property. And they may not accept an appraisal that the seller did at the time of listing.”. The final word. The final word?

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The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Residential vs. Commercial Property Appraisal and Their Differing Review Process. Description of the commercial property.

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AmeriMac

JUNE 15, 2024

Key Highlights Real estate investment properties require accurate appraisals to determine their market value and potential return on investment. The appraisal process involves various valuation methods such as the sales comparison approach, income approach, and cost approach.

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Appraisal Hub

DECEMBER 22, 2021

Appraisers in Toronto can help you make an informed decision before you buy or sell a property. With a home appraisal, you can position yourself more confidently in the market. Why get your property appraised? The purpose of a property appraisal is to determine the real market value of your home.

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The Robert Weiler Company

MARCH 15, 2021

A Special Purpose Property Definition. Legally speaking, a special purpose property definition can be illustrated as any property that has limited use or marketability in addition to features intended for singular use. For instance, the property’s layout may be distinctive or it the building’s design one-of-a-kind.

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East Coast Appraisal

OCTOBER 18, 2021

Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. Below are two common approaches to property appraisals. The sales comparison approach determines the house's value based on the prices of similar houses that others have recently sold in the area. Land value depends on: The location.

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East Coast Appraisal

AUGUST 22, 2023

If you plan to sell, buy, or refinance a commercial property, you will need to get an appraisal done by a qualified appraiser. An appraisal is an unbiased opinion of the value of a property based on its physical characteristics, location, market conditions, and income potential.

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Valcre

SEPTEMBER 7, 2022

Appraisal of a commercial property refers to the assessment of the property’s fair market value. For property owners, getting a professional appraisal is absolutely necessary before mortgaging or selling their property.

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Appraisal Hub

AUGUST 13, 2021

It’s in the best interests of the bank, the seller, and the buyer to get an appraisal for the following reasons: The bank – Proper appraisal is critical in underwriting. If the loan is worth more than the home’s market value, the bank may find it challenging to recover their investment if the buyer defaults on their mortgage.

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Appraisal Hub

JANUARY 6, 2021

Do you need to learn your home’s real market value? It is best to turn to one of the reputable and established appraisal firms in Toronto to hire a professional property appraiser. It is important for property appraisers to be certified in what they do. How it’s done.

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D Fritz Appraisals

SEPTEMBER 11, 2023

Fritz Appraisals Inc. knows which renovations can add market value – and which will make your home more valuable to you but won’t necessarily increase the selling price. Read on for our top 8 picks for renovations that increase home value in BC. How is Home Value Measured? Fritz for Your Appraisal Needs At D.

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Valcre

JUNE 17, 2022

Other times, appraisals are used as a means of determining accurate values for taxation purposes, among other considerations. Essentially, an appraisal gives an updated picture of the current market value based on factors like location, age, and how well it has been maintained.

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AmeriMac

OCTOBER 28, 2024

Real Estate-Owned (REO) properties are distressed homes acquired by lenders after failed auctions. Sold below market value, they often require significant repairs. Understanding these distinctions is crucial for accurately evaluating the value of REO properties compared to conventional real estate assets.

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Appraisal Hub

NOVEMBER 23, 2022

The Toronto housing market is slowing down, showing a 6% decline in October 2022 compared to the same period last year. Now might be the best time to sell your home and avoid further falls in the market. But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company.

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National Association of Realtors

FEBRUARY 7, 2023

Real estate transactions rely on an objective appraisal to determine a home’s market value, but evidence suggests there’s potential for racial bias in the appraisal process.

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Appraisal Partners Blog

JANUARY 31, 2024

Whether you are purchasing a home, looking to refinance, considering a home improvement, settling an estate, or divorce, We’ll he­lp you determine your home’s fair market value. In this blog, we will tell you some benefits that will showcase the importance of residential property appraisal. Le­t’s decode this.

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D Fritz Appraisals

SEPTEMBER 9, 2024

How to Break Into the BC Housing Market Breaking into the real estate market in British Columbia is not easy. With soaring prices, stiff competition, and constantly shifting market conditions, maximizing first-time homebuyers’ purchasing power has become critically important. Fritz Appraisals Inc. Fritz Appraisals Inc.

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Boston Appraisal

MARCH 18, 2024

Estate and Inheritance Conflicts : When estates are divided, accurate property valuations are essential for fair distribution among heirs. Appraisers assess the fair market value of inherited properties, taking into account factors like location, condition, and market trends.

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