Cleveland Appraisal Blog

JANUARY 19, 2023

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. How about underimproved?

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The Robert Weiler Company

SEPTEMBER 30, 2020

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media!

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Cleveland Appraisal Blog

APRIL 21, 2022

Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised. CRAZY NEIGHBORS. Probably not.

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Cleveland Appraisal Blog

DECEMBER 10, 2022

This week, Betty White shares some things that can decrease property value. As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grain of salt. Betty is not an appraiser. Top 7 things that can decrease property value.

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Simonson Real Estate

SEPTEMBER 16, 2021

So, you are getting ready to request an appraisal on a potential commercial property deal but have a few questions before you decide on what appraisal company to use. We’ve compiled the top six most frequently asked questions about our industry and appraisal reports so that you can navigate the appraisal world with ease.

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Simonson Real Estate

JUNE 16, 2021

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Again, greater transparency leads to more accuracy. Regards, Mitchell Simonson, MAI.

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Cleveland Appraisal Blog

JUNE 23, 2023

As a real property appraiser, I think these tips can really help if you’re looking to purchase land. A big thank you to Ashley Rodriguez for helping provide some content for my blog this month! And a big thank you dear reader for continuing to visit the Cleveland Appraisal Blog! I appreciate you!

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Cleveland Appraisal Blog

MAY 26, 2022

Occasionally, when performing appraisal inspections/observations, I see homes that suffer from serious settlement issues. I once appraised a home that had a noticeable tilt to it when walking through. When it came to the home I appraised, portions of the home were jacked up using exterior jacks installed under the foundation.

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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. Retiring appraisers.

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

How to Choose a Real Estate Appraiser? An appraisal is a professional appraiser’s unbiased and impartial opinion of value based on the condition of the property, prevailing real estate prices and other factors. An independent appraisal sets a benchmark value for your 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. I worked for an assessor’s office for 5 years in my first appraisal job.

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Appraisal Today

APRIL 1, 2023

Appraiser Gets Subpoena – What to Do Excerpts: As an appraiser, you don’t have to be sued or be facing a lawsuit to find yourself on the receiving end of a subpoena—staring down a lawyer who is peppering you with questions. This is specifically for appraisers. I get calls occasionally from appraisers about this.

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McKissock

SEPTEMBER 15, 2020

When it comes to appraisal violations , certain minor violations are very common. I have compiled these based on many years of personal experience in appraisal regulation, as well as feedback I have received from other states’ enforcement agencies. Failure to analyze the three-year sales history of the subject property is also common.

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McKissock

AUGUST 11, 2020

As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. Here are several do’s and don’ts to help you avoid situations that may get you into trouble as a real estate appraiser.

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McKissock

JULY 24, 2020

Disciplinary complaints against appraisers have become more frequent over the last several years. Of course, not all appraisal complaints result in disciplinary action. How your state handles disciplinary complaints against appraisers is undoubtedly going to be different than how my state handles them. Administrative procedures.

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Real Quantum

NOVEMBER 24, 2020

4 Ways to Motivate Your Commercial Appraisal Team. I t is no easy task to motivate your commercial appraisal team and keep their morale high during a pandemic, the holidays and Q4. The appraisers that work for you are the future of the business and the profession. However, it should be a priority. Here’s how: 1.

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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. TABLE OF CONTENTS: The Upside (and Downside) of Buying Commercial Property for Sale in Columbus, Ohio.

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McKissock

JUNE 21, 2022

The subdivision developer, builder, sales staff, surveyors, appraisers, brokers, as well as attorneys from all sides eventually were involved. Appraisers should be careful not to double adjust for the water frontage and for lot size. Appraisal Certification: Interested in luxury appraisals? Water rights play a major role.

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McKissock

SEPTEMBER 25, 2020

Title XI of the FIRREA requires all licensed and certified appraisers to successfully pass an examination that’s issued or endorsed by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation. Anyone looking to become a licensed or certified real estate appraiser must take and pass the national exam.

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Cleveland Appraisal Blog

MAY 9, 2024

One more visual reflecting the total monthly listings vs. total monthly sales for single-family properties in Cuyahoga County. TRENDS ON SOME MORE LOCALIZED AREAS IN CUYAHOGA COUNTY Since I have to analyze the market for every property I appraise, you might be interested in some more localized areas. Here are a few for you.

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The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. Furthermore, the tenant is responsible for all costs for improving the land, thus, increasing the overall value of the property.

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Simonson Real Estate

JUNE 22, 2020

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? About the Authors.

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Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Defining the Appraisal Scope of Work.

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Cleveland Appraisal Blog

NOVEMBER 11, 2021

For years, Zillow Zesimates have been zinged by real estate professionals for creating angst in the market by their unsupportable value estimates. My appraiser compadre and fellow blogger Ryan Lundquist, at the Sacramento Appraisal Blog, wrote an excellent piece this week on the situation with Zillow.

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Real Quantum

JUNE 8, 2022

Appraisers come in all shapes and sizes. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd.

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Simonson Real Estate

SEPTEMBER 25, 2020

Since the onset of COVID, market data remains sparse for certain property types. Over the past two months, I’ve participated as a panel moderator or speaker on several commercial real estate webinars and live events with Bisnow, Minnesota Real Estate Journal (MREJ) , NAIOP , and Minnesota Real Estate Exchangors (MREE).

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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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Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What is an Appraisal ? Defining the Appraisal Scope of Work.

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Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Tier 1 appraisers have little to fear but tier 2 and 3 appraisers….

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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. On January 4, 2021, the… The post Racial Bias in Real Estate: Is it the Appraisers’ Fault?

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Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so.

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Appraisal Today

SEPTEMBER 1, 2023

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. Odd properties tend to be challenging yet rewarding in terms of the fee. built in 1905) 0.66

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Appraisal Today

JUNE 24, 2022

Appraisals and Water Frontage. With many water fronting properties, the topics of “riparian and/or littoral rights” (and the “prior appropriation doctrine” in the western states) come into play, along with several other issues. Those topics are fodder for other lengthy blog posts all by themselves. Appraisal Business Tips .

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Appraiserblogs

AUGUST 14, 2023

had characterized as race-based differences in home valuations were almost entirely due to socio-economic status, not racial bias by real estate appraisers. Perry’s 2018 research, titled “The Devaluation of Assets in Black Neighborhoods,” pinned the nation’s racial wealth gap on 80,000 state-licensed real property appraisers.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Below, we explore why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying real property… from your couch, if you’re not ready to buy land for sale! Partnering with a commercial real estate firm will streamline your efforts.

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