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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Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. They are a property data collection labor force that lives and breathes residential property markets as a general course of business.

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Appraisal Buzz

MARCH 17, 2025

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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Housing Wire

MAY 20, 2021

And so, even when applying technology-based alternatives to in-person appraisals, biased data can impact values if not recognized. The appraisal comes in $40,000 below market value, and, as a result, the home sells for a lower price. An AVM will use this sale record as part of the formula to estimate value.

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Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. That can have a big impact on market value. Not professional appraisers.

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Appraisal Market Value Legal Property Appraisal 358

Appraisal Buzz

FEBRUARY 17, 2025

Lets look at the as-improved H&BU: The current market value of the site is $30,000, demolition cost is $2,000, economic life of the garage is 50 years, and effective age is 30 years. But with the new zoning, up to three units may be constructed on the property.

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Appraisal Buzz

MARCH 25, 2024

The hypothetical interaction of the typical buyer (who embodies the collective thought and action of the whole market of buyers) with the typical seller (who similarly embodies the collective thought and action of the whole market of sellers). The post Loosening The Knot appeared first on Appraisal Buzz.

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Sellers Appraisal Real Estate Buyers 379

GoForrmz

JANUARY 16, 2025

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 Digital Forms and Enhanced Data Capture One of the most impactful shifts in modern construction management is the transition from paper-based forms to digital forms.

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Appraisal Buzz

OCTOBER 3, 2022

The second thing, and most everyone who is tracking this data already knows this, is that this data and the indexes that spring from them are all lagging indicators of the health of a given market. In a market that moves as quickly as ours is, often that can be too old. The data we see is typically a few months old.

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Appraisal Buzz

AUGUST 26, 2024

Consider this example: If the remaining economic life is extracted from the market at 42 years, and economic life is 60 years, 42/60 = 70% of cost is market value. When marginal cost is $100, and market reaction is 70% of cost, a market-supported GLA adjustment is $70. Did you notice the similarity with paired sales?

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Housing Wire

SEPTEMBER 6, 2024

As a result of the settlements, Allied Title & Escrow LLC , KVS Title LLC , Modern Settlements LLC and Union Settlements will collectively pay more than $3.2 Ewing of Federal Title & Escrow is one who believes that firms like Allied were capitalized far below fair market value.

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D Fritz Appraisals

SEPTEMBER 11, 2023

If you are looking to sell quickly or have a limited budget, it is worth researching the renovations that increase home value the most. 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. Fritz Appraisals Inc.

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Renovations Home Value Valuation Market Value 123

Cleveland Appraisal Blog

DECEMBER 19, 2021

Many modern homes feature open floor plans. Should You Turst An Algorithm For Your Home’s Value? But Are They Market Value? If you have trouble visualizing their design, request a 3D rendering. That way, you can eliminate any guesswork from your garden plan. Reduce Stress with Strategic Separation.

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Appraiserblogs

MAY 26, 2022

You can read it here in this link: Class Valuation Appoints EVP Of Valuation Modernization – NMP But if you don’t want to muddle your brain cells very much, here are the highlights: A new CV Executive Vice President has been hired to “focus on removing bias from the “equation” in appraisals.” I added the. the sales comparison approach….

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Modernization Valuation Appraisal Government 107

The Robert Weiler Company

JULY 6, 2021

With the emergence of factories, production efficiency, and mass manufacturing, industrial space for rent became the backbone that supports today’s modern cities. Amazon is the iconic frontrunner when it comes to the future of modern distribution and smart warehouses. They include showrooms, laboratories, and office space.

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Logistics Tenants Real Estate Modernization 147

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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Listing Spark

APRIL 9, 2025

Consider affordable updates like replacing outdated hardware, refinishing cabinets, or installing new light fixtures to give these spaces a modern feel without breaking the bank. They often rely on outdated or incomplete data, resulting in estimates that may be significantly higher or lower than your homes true market value.

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Cleveland Appraisal Blog

FEBRUARY 17, 2021

If a home needs major repairs, clearly this can have a negative impact on market value. Therefore, if a home is in need of some major repairs, it may be worth having an appraisal completed to see if the market value of the home is lower than the assessed value. What Is A Competitive Market Area?

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Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality.

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Realtor

MAY 15, 2023

. “In these instances, a hybrid appraisal is to determine the home’s fair market value but also to confirm the true condition before the home goes into a short sale or foreclosure scenario,” says Alvaro Moreira , owner of the Georgia mortgage company Moreira Team.

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Appraisal Real Estate Appraisal Process Market Value 107

McKissock

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” So is the right price to pay $150,000 (market value after renovations) – $90,000 (estimated cost to cure) = $60,000?

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Town & Country Residential Appraisals

APRIL 10, 2023

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. Wait a minute… read that again!!! Yes- you read it correctly- “Lender-provided”.

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. Today I thought I would share the search criteria I use and the reasons for each of them.

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Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability.

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Appraisal Today

JULY 1, 2023

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. But what stands out are the first seven words of Fannie’s definition: “[m]arket value is the most probable price…,” (emphasis added) a definition that places value firmly on the pedestal of sales price.

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Housing Wire

NOVEMBER 5, 2023

Using technology Modern circle prospecting often involves the use of technology. May I ask, have you thought about selling your home, or are you curious about its current market value?” They want to see you at holiday parades or cheering on the local youth soccer team. It’s a great time to sell.

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Real Estate Tools Real Estate Agent Agents 221

Eppraisal

JUNE 18, 2024

" Making your property look as modern as possible can potentially help attract more potential buyers and increase your home’s value. It struck a cord with some of our readers so we're publishing a twist on that story asking the question, "Is a lot of money needed to prepare your house to sell?"

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Mores Appraisal Group

OCTOBER 5, 2024

Liquidation Value: This approach was included at the client’s request, reflecting a scenario with a significantly reduced marketing period. It considers current market value trends and estimates the time required for a typical sale in a constrained market environment.

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Appraisal Retail Modernization Property Appraisal 36

Property Metrics

MAY 28, 2021

In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants. Modern tenants require high speed internet connections, strong cellular reception, advanced security features, and modern audio/video capabilities.

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Real Estate Tenants Modernization Renovations 50

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Appraisal Tips 88

Eppraisal

MARCH 5, 2024

Home renovations can completely transform your living spaces, turning outdated rooms into modern, functional areas that reflect your style and meet your needs. In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value.

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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. By Dallas T.

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Appraisal Real Estate Real Estate Agent Contracts 97

Appraisal Partners Blog

NOVEMBER 27, 2019

The best thing to do is to gain yourself an opinion of market value that’s wholly impartial. Information like this could help you to improve or modernize in the future. Doing so may increase the value of the property, should you need to sell at any point. A professional appraisal report can help you to gain just that!

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AmeriMac

NOVEMBER 15, 2024

The appraiser is a neutral third party who honestly assesses the home’s market value. They give an objective view of a home’s value. It makes sure the agreed sales price matches the home’s actual market value. Homes in good neighborhoods with busy markets usually have higher values.

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Appraisal Appraisal Process Real Estate Market Value 36

Listing Spark

SEPTEMBER 23, 2024

Tech-enabled platforms: Combine aspects of traditional and FSBO methods with modern technology. These platforms act as your guide through the complex world of real estate transactions, offering the expertise of an agent with the efficiency of modern tech. Start with a fresh coat of paint, both inside and out.

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AmeriMac

JANUARY 15, 2025

Understanding Different Appraisal Products A real estate appraisal is a detailed study determining a property’s market value for potential buyers. Understanding valuation methods, market trends, and property analysis is crucial to establish this value.

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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. Making improvements to the property can positively impact its appraisal value and attract potential buyers or tenants.

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Property Appraisal Investing Appraisal Property Taxes 36