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Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Real estate investors also prefer homes that require repairs because they can renovate the property themselves and flip it afterward. It is quicker to sell your home as-is.

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Things To Remember About Tax Appeals

Cleveland Appraisal Blog

If a home needs major repairs, clearly this can have a negative impact on market value. Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. Several years ago, an investor hired me to complete an appraisal of one of their single-family rental properties.

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Is This Discrimination?

Cleveland Appraisal Blog

The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. I was told by the investors, in an email that they sent me, that since they purchased the property two months ago, they updated the kitchen and bathroom, installed new flooring, a new furnace, and a new roof.

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Great news! No need for an appraisal. Or is it really??

Town & Country Residential Appraisals

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. You can read the full letter and blog post at [link] Here is another “wait-a-minute-moment”!

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Desktop Appraisals: Who, When, and Why

Appraisal Today

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Tax Appeal Support: When there is a challenge to a tax assessment, a desktop appraisal may be used to provide a current market value. Thanks to Tom for writing this blog post.

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Your Ohio Commercial Property Reassessment Cheat Sheet [2023 Update]

The Robert Weiler Company

While this helps expedite the process, the lack of on-the-ground property inspection leaves some Ohio residents nervous. And, how can property owners potentially challenge new property values? The cost approach also considers depreciation, thus, assuming a fair market value for the commercial property.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?