Article Development Market Value Real Property 
Cleveland Appraisal Blog
APRIL 21, 2022
Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.
Cleveland Appraisal Blog
NOVEMBER 11, 2021
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. There are several reasons.
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Cleveland Appraisal Blog
MAY 26, 2023
The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches.
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.
Cleveland Appraisal Blog
SEPTEMBER 2, 2022
The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.
Simonson Real Estate
DECEMBER 6, 2022
Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.
McKissock
AUGUST 13, 2021
And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? When contract prices and value often differ.
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