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Home Sales are Falling in Cuyahoga County While Prices Continue to Increase

Cleveland Appraisal Blog

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low.

Inventory 333
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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. Goofy Buildings: Revisiting the Heyday of California’s ‘Crazy’ Novelty Architecture – Giant hats, portly pigs, and drive-thru donuts. Just For Fun!!

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NAR Appraiser Survey July, 2023

Appraisal Today

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. UPDATED No. 9) and IV.A.

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What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

Although architectural styles used to signify something of their region—think Craftsman homes in the Northwest, Colonial in the Northeast, or the sprawling California ranch house—today’s architectural styles are less locationally driven and more about the individual lifestyles being framed within them. Or hit the reply button.

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Desktop Appraisals: Who, When, and Why

Appraisal Today

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. It is written for real estate agents and has general information on appraisal at the beginning.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.” I first started writing a real estate column in the local newspaper back in the late 1980s but did not like it.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

My comments: Real estate agents and brokers are salespersons. which can relate to valuation. Over the years, I observed that successful real estate agents seldom switched to the much less profitable appraisal side. On the other side, appraisal provides excellent experience for real estate agents.