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. That’s okay.

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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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Appraisal Transportation Buyers Property Appraisal 288

Cleveland Appraisal Blog

MAY 17, 2024

This will be the last guest post for the Cleveland Appraisal Blog. I enjoy writing and would like to focus on providing articles that I write and including more market stats for the areas of Northeast Ohio that I appraise in. I greatly appreciate you being here to read articles from the Cleveland Appraisal Blog.

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Renovations Appraisal Logistics Decorating 327

Cleveland Appraisal Blog

JUNE 23, 2023

Before buying land, consider the market trends and pricing in the area, and conduct a cost-benefit analysis to determine if the land’s value is worth the investment. As a real property appraiser, I think these tips can really help if you’re looking to purchase land. How much does it cost?

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Property Taxes Legal Law Property Appraisal 196

Cleveland Appraisal Blog

JANUARY 12, 2023

Write down everything, from how you plan to market your products in this new area to how your company will be structured and how much money you will need to get the ball rolling. How Was The Housing Market in 2022? – Birmingham Appraisal Blog. Appraiser Professional Goals – APPRAISAL TODAY.

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Appraisal Business Investing Housing Market 309

The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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Real Estate Appraisal Valuation Property Appraisal 137

McKissock

MARCH 17, 2023

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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Appraisal Training Property Appraisal Real Property 97

McKissock

AUGUST 6, 2021

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser.

Appraisal 101

Appraisal Real Property Property Appraisal Training 101

McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

AmeriMac

JULY 1, 2021

A property appraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features. Process of Property Appraisal.

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Property Appraisal Appraisal Appraisal Process Sellers 36

McKissock

OCTOBER 20, 2020

Real property appraiser qualification criteria*. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. Some Certified Residential Appraisers make six-figure salaries. Individual states may have stricter requirements.

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Appraisal Property Appraisal Real Estate Real Property 93

Appraisal Partners Blog

JANUARY 31, 2024

In the ever-changing re­alm of real property, knowing the e­xact worth of your property plays a significant role. However, the appraisal of residential property involves several detailed steps and considerations. Understanding the Basics So, why do you need an appraisal for your residential property?

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Appraisal Property Appraisal Market Value Real Estate 78

McKissock

OCTOBER 8, 2021

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year. Ready to become an appraiser?

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Appraisal Real Estate Property Appraisal Technology 74

McKissock

FEBRUARY 7, 2023

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser.

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Appraisal Real Property Property Appraisal Training 52

Boston Appraisal

JUNE 24, 2019

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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Appraisal Market Value Real Estate Technology 78

Town & Country Residential Appraisals

MAY 8, 2023

When it comes to appraising a property, appraisers must take into account all agreements of sale. According to Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP), we are required to analyze any contracts for sale.

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Contracts Appraisal Real Estate Property Appraisal 54

East Coast Appraisal

OCTOBER 18, 2021

Reach out to the appraiser you have in mind, and ask them to email you a copy of their qualifications sheet that provides information on their education, associations, or licensing. Some of the licenses federal law might require include Certified General Real Property Appraiser and Certified Residential Real Property Appraiser.

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Appraisal Property Appraisal Valuation Real Estate 52

Empire Appraisal Group

AUGUST 12, 2021

Many characteristics affect the appeal, marketability, and value of a property. Note: Floor plan functionality may affect marketability and value. From an appraiser’s perspective, however, areas excluded from the calculation may still contribute substantially to the appeal, marketability, and value of the property.

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Sellers Appraisal Development Construction 78

The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio. Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment.

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Investing Real Estate Tenants Investors 138

McKissock

AUGUST 13, 2021

What is in the sales contract that an appraiser actually needs to see? For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. What is an appraiser expected to analyze and give an opinion on?

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Contracts Appraisal Market Value Real Estate 64

McKissock

NOVEMBER 3, 2020

They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood. The existing population of licensed and certified appraisers is aging—and in some markets, shrinking.

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Appraisal Training Business Property Appraisal 75

Walitt Solutions

MAY 24, 2024

, I find in those discussion groups a lot of the same types of questions my firm discovers when we provides assistance to appraisers, whether that is part of coaching or part of support around a state complaint filed against the appraiser. My market value conclusion came in below the purchase contract price.

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Contracts Appraisal Clients Market Value 74

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

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Real Estate Appraisal Valuation Loan Officers 36

McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

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Appraisal Valuation Real Estate Design 54

Appraisal Today

SEPTEMBER 22, 2023

Uber Drivers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Most of the inspection training we receive as appraisers happens in the field. I want to be able to get appraisals emailed to me.

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Appraisal Training Inspection Real Estate 94

McKissock

DECEMBER 27, 2022

Industry experts and economists maintain a watchful eye on the housing market as the new year approaches. With 2023 just around the corner —and a good deal of uncertainty in the air—we wanted to find out where real estate appraisers plan to focus their efforts and what goals they hope to achieve next year.

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Appraisal Business Design Real Estate 83

Appraisal Today

JULY 12, 2024

It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? I was one of the few who opposed the requirement.

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Appraisal Design Contracts Business 75

Real Quantum

JUNE 8, 2022

Applicants need to show evidence of a Bachelor’s degree or higher from an accredited institution unless they are Certified General Real Property Appraisers, in which case this stage is not needed. This is a 6-hour course available to attend via the AI website. This second, required exam stage covers general competence.

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Design Appraisal Real Estate Decorating 68

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property.

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Appraisal Reconsideration of Value Insurance Market Value 74

McKissock

FEBRUARY 23, 2021

Additionally, it looks at the letter of engagement as a foundation for the assignment, and it gives helpful tips on how to improve your marketing skills and attract more non-lender clients. Residential Appraisal Review and USPAP Compliance. It covers form differences, USPAP issues, and assignment conditions. ” – Cheryl F.

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Appraisal Inspection Development Design 52

Appraisal Today

NOVEMBER 20, 2022

However, time and time again we’d review appraisals, that were accepted by lenders, but had failures such as: • No highest and best use analysis (as if vacant and improved). Failure to make appropriate time/market adjustments (positive or negative). Shaped like baskets, carpets, and fish, you won’t believe these buildings are real. .

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Appraisal Real Estate Agent Real Estate Contracts 52

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.

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate.

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Appraisal Today

OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. How did they make more money on lender appraisals? I understand.

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Property Appraisal Appraisal Business Contracts 80

Appraiserblogs

JUNE 22, 2021

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages.

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Real Estate Appraisal Valuation Training 173

Appraisal Today

NOVEMBER 29, 2024

This also opens the door for pushback on related changes, such as the expansion of the Nondiscrimination rule of the Uniform Standards of Professional Appraisal Practice, or the addition of valuation bias education to the Real Property, to the extent that either of these would include content that goes beyond what exists in statute already.

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Appraisal Business Contracts Real Estate 85

Housing Wire

FEBRUARY 15, 2025

(Image generated by AI through Midjourney) Some housing industry professionals have cheered the Trump administration’s actions to disable the Consumer Financial Protection Bureau (CFPB), but appraisers have mixed feelings about it. Appraisers set their own fee, so what an appraiser quotes for their fee comes from them, he said.

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Appraisal Valuation Appraisal Process Government 331