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. Therefore, having a stable and/or outbuilding might be more valuable than a more traditional garage to prospective buyers of properties that are not electrified.

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Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must : (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) I hope you’ve been enjoying their articles!

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Development Appraisal Market Value Valuation 337

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? Isn’t that all that appraisers do?

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Appraisal Market Value Legal Property Appraisal 354

Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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Appraisal Appraisal Process Real Property Real Estate 78

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.

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Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

NOVEMBER 30, 2023

We’ll help you make an informed decision and find the right Chicago real estate classes or online program to best fit your budget, timeline, learning style and schedule. Covers real estate math, concepts, brokerage, real property, contracts, appraisal, updated TILA/RESPA information & more. Self-paced.

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Real Estate Realtors Real Estate Agent Law 395

McKissock

JANUARY 4, 2022

Real estate appraiser qualification criteria. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. I enjoy the valuation business but feel I am limited in my work as a trainee or licensed appraiser. more stringent) than AQB criteria.

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Appraisal Real Estate Agent Development Valuation 93

McKissock

MAY 26, 2023

” Offer more valuation products (11%) Another recommended strategy is to offer more valuation products in addition to traditional appraisals, such as desktops, hybrid appraisals, evaluations, etc. is another way to bolster your business during a slow real estate market. It worked well at the time.”

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Real Estate Appraisal Marketing Business 64

McKissock

SEPTEMBER 10, 2020

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Business components in special purpose properties are often referred to as “intangibles.” Second generation use.

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Appraisal Valuation Real Estate Design 54

McKissock

AUGUST 21, 2020

USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. FREE GUIDE : Simplify the valuation process with this free Valuation Process Road Map. Reporting requirements. It’s also a good idea to review the appraisal reporting requirements. Scope of work disclosure.

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Appraisal Appraisal Process Clients Development 92

McKissock

JUNE 22, 2021

In this job aid, we’ve compiled several recommendations shared by a hearing officer, a property assessor, and appraisers who regularly perform real property assessment appeal assignments. Job aid: Big Box Retail Valuations. This job aid provides in-depth guidance on appraising a big box retail property.

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Reconsideration of Value Appraisal Real Estate Retail 52

Appraisal Today

JUNE 24, 2022

Among the rights that come with real property ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. A few of my articles: Should you do non-lender work? Links in article.

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Appraisal Contracts Mortgage Real Estate 52

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on? Written by Steven W.

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Contracts Appraisal Market Value Real Estate 64

McKissock

JULY 2, 2021

” CE Course: For in-depth information on appraising solar panels, enroll in our new CE course, Valuation of Residential Solar. One thing we recently learned is about real property vs personal property. Smart home systems (12%). ” “I am studying hard to pass my appraisal principals course. .

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Appraisal Transportation Technology Real Estate 97

McKissock

NOVEMBER 3, 2020

In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria. She is a real estate appraisal and valuation compliance professional with over 20 years experience in residential appraising, operations management, risk analysis, quality assurance, and appraisal regulations.

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Appraisal Training Business Property Appraisal 75

Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. . which can relate to valuation.

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Appraisal Agents Real Estate Real Estate Agent 81

Appraisal Today

APRIL 2, 2023

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. I have seen articles from all over the world about groups living in caves in the distant past.

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Contracts Appraisal HOA Architecture 52

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., population, news articles, economic data, internet searches, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Property Metrics

MAY 28, 2021

The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence. Physical Obsolescence.

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Real Estate Tenants Modernization Renovations 50

McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Article written by Joseph Dobrian.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96