Cleveland Appraisal Blog

MAY 12, 2022

In the meantime, I want to visit with you about an awesome software and service that is changing the way real estate professionals measure homes and provide floor plans. And I’ve been measuring homes using a laser for many years now. Oh, by the way, the measurements are based on ANSI Standards. The service is called Cubicasa.

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Inspection Appraisal Tools Advertising 341

Appraiserblogs

JANUARY 24, 2023

I recently took on a measure job for a client who was questioning the square footage of their home. The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. The owners are now underwater by more than $100,000… I’m sad and I’m mad!

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Inspection Training Contracts Valuation 148

Appraiserblogs

JUNE 14, 2023

Appraisers, on Thursday, before the Memorial Day holiday, I circulated across the US an email asking for response to a simple two question survey about how you “adjust” the GLA square footage between the Subject and Comparables.

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Appraisal 140

Cleveland Appraisal Blog

JULY 6, 2022

When using Cubicasa to generate a floor plan and measure a home, the user simply aims their phone to where the floor and the wall meet, occasionally tilting the phone camera up to capture ceiling height and window placement. Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection.

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Inspection Appraisal Technology Clients 369

Appraiserblogs

DECEMBER 17, 2021

On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Here are some items for appraisers to consider when using the ANSI standard Measurements. The real estate industry has a square footage credibility problem. Related Posts: Is ANSI for Appraisers Really the Answer?

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Inspection Appraisal Real Estate Realtors 126

Appraiserblogs

NOVEMBER 18, 2021

The real estate industry has a square footage credibility problem. It’s a great basic tool but falls well short of solving the real estate industry’s square footage problems. It’s a great basic tool but falls well short of solving the real estate industry’s square footage problems.

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Appraisal Training Real Estate Valuation 141

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

Did I give up on blogging and podcasting? Frankly, much of my work has been time-consuming for many reasons, including trying to measure different markets in this interesting time. Frankly, much of my work has been time-consuming for many reasons, including trying to measure different markets in this interesting time.

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Marketing Real Estate Agent Real Estate Appraisal 300

Cleveland Appraisal Blog

MAY 26, 2023

They then use a price-per-square-foot method to determine the asking price for the property. MEASURING MARKET REACTIONS (ADJUSTMENTS) Measuring changes in price is not rock science. There are several methods that we use to make these measurements. That’s one reason I started blogging years ago.

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Appraisal Real Estate Agent Real Estate Agents 302

Appraiserblogs

MARCH 21, 2022

The other agencies, Freddie Mac, HUD/FHA, USDA, ONAP, VA have NOT (yet) adopted this ANSI measuring protocol. Appraisers, an appraiser I know sent an email to the VA asking if VA was going to require appraisers to adhere to the ANSI Z765-2021 Measuring Standard as of April 1, 2022. Appraisers will be….

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Appraisal Real Estate Development 147

Cleveland Appraisal Blog

MARCH 3, 2022

Beginning in April of this year, Fannie Mae will require appraisers to measure homes using the American National Standards Institute (ANSI) Z765-2021 Standard for measuring homes. It is also good to know that ANSI Standards require including the stairs in the finished square footage of the area from which they descend.

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Appraisal Finance Loan Officers Buyers 221

Appraiserblogs

APRIL 13, 2022

Related Posts: VA Unofficially Says NOPE to ANSI The other agencies, Freddie Mac, HUD/FHA, USDA, ONAP, VA have NOT (yet) adopted this ANSI measuring protocol. ANSI Measuring Standard Required in 2022 On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Appraisers, an appraiser….

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Real Estate Training Appraisal Tools 113

Appraiserblogs

FEBRUARY 3, 2022

ANSI Measuring Standard Required in 2022 On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. The real estate industry has a square footage credibility problem. The post Changes from Fannie Mae appeared on Appraisers Blogs. Appraisers will be….

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Inspection Appraisal Real Estate 114

Premier Home Appraisal Blog

MAY 17, 2023

During this four-hour demonstration, our real estate appraisers will walk you through a residential property tour discussing; ANSI measurement and square footage requirements. Where does the price per square foot factor in? Updated versus remodeled… determining condition. Lot, view, and location considerations.

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Appraisal Bracketing Appraisal Tips Inspection 98

Birmingham Appraisal

DECEMBER 7, 2022

2) Measure House For Accurate Square Footage on Tax records – One thing I always recommend to homeowners who believe that their property taxes are too high is to make sure the county assessor data is correct. This starts with verifying the reported square footage. 5 More Random Thoughts From An Appraiser.

Property Taxes 85

Property Taxes Appraisal Tools Insurance 85

The Robert Weiler Company

APRIL 5, 2023

Verify usable square footage. Many landlords calculate the square footage of their warehouse space for rent differently. Some listings show the total square footage of the entire structure or warehouse space, including otherwise unusable areas. Where did the warehouse rental rate come from?

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Landlords Tenants Logistics Real Estate 144

Birmingham Appraisal

SEPTEMBER 28, 2022

Is the square footage accurate? One of the most important factors to consider in real estate is square footage. The price per square foot is a metric that most people ask about and understand. The price per square foot is a metric that most people ask about and understand. Is the property data correct?

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Appraisal Property Inspector Training Real Estate Agent 59

Birmingham Appraisal

AUGUST 3, 2022

Appraisers study the behavior of buyers to understand their motivations and then they measure the effects of that motivation on what buyers are willing to pay for a house. 1) Accurate square footage – Accurate square footage is one of the most important things an agent can include in their listing.

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Agents Appraisal Buyers Sellers 80

Cleveland Appraisal Blog

JANUARY 13, 2022

So, having a measure of skepticism can be a protection. “What’s the big deal about measuring the home we are appraising? MEASURING. I know of some appraisers who do not measure the properties they appraise, even though they are expected to when making a physical observation (inspection). Let’s talk about it.

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Appraisal Inspection Clients Real Estate 221

Appraisal Today

DECEMBER 1, 2023

I don’t normally pull comps across a highway In so many cases it’s an awful idea to cross a major road or highway to pull comps because a highway sometimes separates markets that are far different in age, square footage, lot size, architecture, price point, school district, etc…. baths, 2,991 square feet, 0.34

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Appraisal Business Contracts Technology 87

Birmingham Appraisal

SEPTEMBER 21, 2022

During the final inspection, the appraiser will measure the house to make sure that the square footage does not vary significantly from what was indicated on the plans. In addition to verifying that the square footage is similar, the appraiser will also make sure that the floor plan layout is similar.

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Final Inspection Inspection Construction Appraisal 78

Birmingham Appraisal

JULY 7, 2022

6) Incorrect square footage – Whether I like it or not, most agents price homes based on price per square foot. For now, I’m just going to say that if you, as an agent or owner selling a house, choose to do this you should make sure that you have the correct square footage of your home and the comps you are using.

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Appraisal Marketing Contracts Buyers 63

Boston Appraisal

OCTOBER 8, 2022

This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report. The appraiser obtains all relevant property characteristics and data such as measurements, room counts, condition, and quality, and utilizes this information in the report.

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Appraisal Inspection Appraisal Process Valuation 78

Genworth MI Blog

JULY 13, 2023

Square footage of the house and the lot Layout of the house Hazards such as flood hazards or other adverse conditions Age and condition of the foundation, roof, walls and overall structure Amenities, such as a fireplace, deck or swimming pool Condition of appliances Rental income? Never miss a post by subscribing to the Enact MI Blog!

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Appraisal Inspection HOA Real Estate 78

Birmingham Appraisal

FEBRUARY 8, 2023

But like forcing a square peg into a round hole, we are finding out that indeed it is very difficult to manage to have all three of these elements together at one time. The post 3 Types Of Appraisals Realtors Should Be Aware Of appeared first on Birmingham Appraisal Blog. If you liked this post subscribe by email (or RSS feed ).

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Realtors Appraisal Market Value Real Estate Agent 77

Birmingham Appraisal

OCTOBER 26, 2022

Many times there will be confusion about the square footage in a home. The gross living area (square footage) of a home is typically the biggest factor in a home’s price. appeared first on Birmingham Appraisal Blog. This is why a pre-listing appraisal is so important. As always thanks for reading.

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Marketing Buyers Appraisal Real Estate 91

Appraisal Today

NOVEMBER 4, 2022

My comments: Read this blog post with practical tips from practicing appraisers. But, McKissock’s blog posts are short, well written, and popular with readers, so I include them regularly. To read more of this long blog post with many topics, click Read More Below!! I make it a point to update them and answer their emails ASAP.

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Reconsideration of Value Appraisal Inspection Advertising 52

Premier Home Appraisal Blog

MAY 30, 2023

This appraisal blog post will explore how our Virginia home appraisal services can get you started on financial freedom. They will measure the square footage of your home, take photos, note any upgrades or improvements you have made, and more. Understanding PMI - What is it, and why do you need it?

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Appraisal Home Value Appraisal Process Insurance 98

Birmingham Appraisal

FEBRUARY 6, 2024

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. The post Housing Statistics for Beginners, Part 2 appeared first on Birmingham Appraisal Blog.

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Inventory Real Estate Sellers Buyers 75

Chicagoland Appraisal Blog

MAY 13, 2021

They’ll want to mark its structural integrity and measure its square footage. Major points on an appraiser’s checklist include: Square footage of home and property. Number of rooms and listing of room types, such as kitchen and bathrooms. How to Maximize Your Home’s Value.

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Appraisal Renovations Home Value Real Estate 88

Cleveland Appraisal Blog

MAY 27, 2021

When I appraise a home, I measure it, if the scope of my work involves physically inspecting the home, which it normally does. If a home is one hundred square feet larger than what the public records reflect, and the market is paying say, eighty dollars per square foot for gross living area, that’s an $8,000 price difference.

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Market Value Appraisal Buyers Marketing 418

Appraisal Today

MARCH 31, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, AMCs, unusual homes, mortgage origination stats, etc. == Arizona House With a Quirky Boxcar Bunker Quickly Finds a Buyer Excerpts: 4,091 square feet.

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Appraisal Contracts Inspection Clients 52

The People's Appraisal Blog

JUNE 15, 2019

I have written many blog posts here, mainly for the consumer to read and understand what is actually happening in the world of Real Estate Valuations. This blog is for the Appraiser as well as the consumer. Read my blog entitled “What’s Not In Your Wallet”). The person in my home measured it incorrectly.

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Training Appraisal Valuation Inspection 36

Appraisal Today

MARCH 22, 2024

Do focus on characteristics of the property Identify properties with comparable square footage (including finished basements), number of bedrooms and bathrooms, lot size, view (e.g., Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

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Appraisal Contracts Business Insurance 65

Birmingham Appraisal

SEPTEMBER 26, 2023

In this blog post, I’ll dive deep into what outlier sales are, why they should not be used in pricing other properties, and the potential consequences of relying on them. The inclusion of outlier sales should be a thoughtful and measured decision, with a clear understanding of their potential impact on the list price.

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Real Estate Agent Real Estate Clients Agents 86

AmeriMac

SEPTEMBER 15, 2023

This blog will discuss everything you need to know about maximizing your effectiveness in challenging a low appraisal. During the appraisal process, various factors, such as square footage and overall condition, are evaluated to provide an unbiased evaluation of a property’s worth.

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Appraisal Appraisal Process Real Estate Real Estate Agent 36

Appraisal Today

SEPTEMBER 22, 2023

In those days, it wasn’t uncommon for an appraiser to hand an apprentice (the term “Appraisal Trainee” wasn’t a thing yet) a clipboard, camera, and tape measure and say, “Okay! He essentially just handed me the dumb end of the tape measure to hold. The Market Composite Index, a measure of mortgage loan application volume, increased 5.4

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Appraisal Training Inspection Real Estate 86

Appraisal Today

JULY 8, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on No more floor plans?, Cubicasa provides a floor plan plus square footage. More square footage means more rooms to clean and more carpets to vacuum.

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Appraisal Property Taxes Contracts Mortgage 52