Market Value Modernization Real Property 
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. More blogs to come!
Appraisal Buzz
FEBRUARY 17, 2025
Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. But with the new zoning, up to three units may be constructed on the property.
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Appraisal Buzz
MARCH 25, 2024
Striving to look through the microscope of empirical thought, we must not forget that our subject is more than real property, it is real people. Imperfect though our efforts may be, we must work to untie the knot of each transaction and of the real estate market as a whole.
Cleveland Appraisal Blog
APRIL 11, 2023
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? 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.
Property Metrics
MAY 28, 2021
Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. 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.
AmeriMac
SEPTEMBER 17, 2024
Alternate valuation products are new tools for determining the market value of residential properties. Unlike regular appraisal methods, which mainly consider recent sales data and the property’s features, these products use more data points and different analytical techniques.
AmeriMac
JULY 15, 2024
Examples include automated valuation models (AVMs), broker price opinions (BPOs), and desktop appraisals, streamlining the process and offering cost-effective solutions for real estate transactions. This shift has improved accuracy and efficiency in determining a property’s market value.
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