Cleveland Appraisal Blog

NOVEMBER 14, 2022

Cleveland Appraisal Blog shares some tips. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. This week I welcome back guest blogger June Duncan, who shares some things to think about if this is an area that you are interested in pursuing. Image by Unsplash.

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Real Estate Development Appraisal Contracts 303

Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate?

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Cleveland Appraisal Blog

DECEMBER 24, 2022

What kinds of things can you expect? What to Expect When Undertaking These 4 Common Home Renovation Projects. Necessary projects can be costly and time-consuming, so it is important to know what to expect ahead of time. Read on for some pointers from Cleveland Appraisal Blog. I hope you enjoy it! Kitchen Remodel.

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Renovations Home Improvement Appraisal Buyers 303

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. I normally don’t post more than one article per week. I hope you enjoy her article!

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Appraisal Law Development Valuation 309

Cleveland Appraisal Blog

JANUARY 19, 2023

What do these things indicate? The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. How about underimproved?

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Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? 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. When completing an appraisal, there may be four values.

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Development Appraisal Market Value Valuation 337

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? What is depreciation? What do they indicate and how do appraiser’s measure depreciation? In a word, depreciation. Simply stated, it is loss in value. There are three basic causes of depreciation for homes.

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Market Value Appraisal Marketing Buyers 244

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? Isn’t that all that appraisers do? Not professional appraisers. Not professional appraisers. In many areas, they have moderated, and in some areas, are in decline.

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Appraisal Market Value Legal Property Appraisal 354

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. An appraiser may miss that sale through no fault of their own. NO BLANK FIELDS.

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Agents Appraisal Renovations Development 374

Cleveland Appraisal Blog

APRIL 21, 2022

Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. How does an appraiser look for evidence?

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Market Value Appraisal Agents Real Estate Agent 350

Cleveland Appraisal Blog

MARCH 3, 2022

There are straight stairs, L-shaped stairs, U-shaped stairs, spiral stairs, winder stairs, curved stairs, cantilever stairs, split staircases also known as bifurcated stairs (many appraisers dislike the term bifurcated… don’t ask), ladder stairs, and drop stairs. Here’s what HUD’s 4000.1

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Cleveland Appraisal Blog

MAY 26, 2022

Occasionally, when performing appraisal inspections/observations, I see homes that suffer from serious settlement issues. I once appraised a home that had a noticeable tilt to it when walking through. I wanted to see what slant potential buyers might take on the situation. Does your home need to be jacked up?

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Appraiserblogs

JULY 26, 2023

Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. In many ways, appraisers forget the purpose of the appraisal assignment – which is to value real estate.

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Cleveland Appraisal Blog

JANUARY 21, 2021

When performing an appraisal observation, appraisers must look for settlement issues and report on them. At times it does take a little detective work to determine what the cause(s) might be. What constitutes a structural vs. non-structural crack? Over the years, I have seen a lot of cracks. Settlement cracks! STRUCTURAL.

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Appraisal Inspection Real Estate Market Value 233

DW Slater Company

NOVEMBER 30, 2022

Sins of the Past Are Back to Haunt Appraisers – Working RE. How to Avoid and Respond to Appraisal Board Complaints- McKissock. “A fallen leaf is nothing more than a summer’s wave goodbye.”-Unknown. ”-Unknown. Here in North Texas, we are finally starting to see the leaves turning colors and begin falling.

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Real Estate Housing Market Appraisal Marketing 95

The Robert Weiler Company

SEPTEMBER 16, 2022

And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. In cities such as Columbus, Ohio, the heat is often exacerbated by what’s known as the urban heat island effect. What is a Conservation Easement in Ohio? What Are Land Trusts for Conservation Easements?

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Easement Appraisal Development Property Appraisal 148

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. I have done a lot of estate appraisals.

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Appraisal Real Estate Real Estate Agent Contracts 60

DW Slater Company

AUGUST 31, 2022

Check out this month’s information just for real estate appraisers. “It is almost impossible to watch a sunset and not dream.” ” – Bernard Williams. We recently had an extended trip to send our son off to college in Colorado. It was so peaceful. I was thankful to be home and excited for his future. Days on Market.

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Real Estate Housing Market Appraisal Inventory 87

The Robert Weiler Company

APRIL 12, 2023

Lastly, some commercial property owners will see a negligible difference, regardless of the appraisal. The County Auditors are responsible for ensuring that every parcel of land (and any buildings within) are fairly and consistently appraised and assessed for tax purposes. For some, that means they can expect a tax hike.

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Property Appraisal Property Taxes Real Estate Valuation 148

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work?

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Contracts Tenants Legal Sellers 143

Birmingham Appraisal

NOVEMBER 8, 2022

What Information Is Included In A Real Estate Appraisal Report? This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning , probate , divorce , PMI cancellation , pre-listing , and pre-purchase. Appraisal Process.

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Real Estate Appraisal Appraisal Process Construction 83

Birmingham Appraisal

MARCH 26, 2024

This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process. When we appraise a house, we’re figuring out how much it’s worth.

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Construction Appraisal Process Appraisal Bracketing 79

Appraisal Today

MARCH 8, 2024

Other topics include: It’s never just about resale value 55+ communities Splitting hairs to prove an adjustment To read more, including Ryan’s many comments, fun images and graphics, his Twitter X and Instagram surveys, plus 50+ comments, Click Here My comments: This is the only analysis I have ever seen about this appraisal topic and it is great!

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Appraisal Contracts Real Estate Housing Market 81

DW Slater Company

MAY 17, 2021

When appraising, especially in our rural market areas, we drive around and see many things, including unusual names for streets. We appraise in our main counties but also in some of the surrounding rural counties. The desire to have a piece of land away from it all has been strong. New Blog Posts. 15 Years of Appraising.

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Real Estate Appraisal Construction Marketing 126

Birmingham Appraisal

MARCH 26, 2024

This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Appraisal Process To answer this it’s important to understand the appraisal process.

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Construction Appraisal Appraisal Process Bracketing 71

The Robert Weiler Company

SEPTEMBER 9, 2022

Land investors choose land to buy in Ohio for many reasons. Unlike other investments of value, buying land is often a safe investment. Land is a limited resource, has permanence, and appreciates in value. In fact, land won’t depreciate, even raw and undeveloped land. How to Buy Land in Ohio.

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Real Estate Buyers Contracts Development 78

Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? We can fairly easily observe the comparable which is the most physically similar, but what about the one that is the most transactionally similar? Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers.

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Appraisal Real Estate Contracts Design 66

McKissock

JUNE 21, 2022

Purchasers of the homes in what was a brand-new subdivision chose those specific lots and paid extra for them, not only because they backed up to the water, which afforded access and a view of the pond, but also because they avoided neighbors backing up to their lots, and because it provided the opportunity to catch the occasional bass or bluegill.

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Appraisal Investors Legal Development 88

Birmingham Appraisal

AUGUST 3, 2022

Appraisers Research and Analyze The Market. It’s an appraiser’s job to mimic what a detective might do when they are researching information to help them understand the facts of a case so we tend to ask a lot of questions. 6 Ways Agents Can Use Their MLS Listings To Help Appraisers.

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Agents Appraisal Buyers Sellers 80

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of experience, and experiences. Appraisers were busy cranking out appraisal reports.

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Appraisal Mortgage Business Contracts 74

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. You can practically feel the keys landing in your hand, especially if you're a first-time homebuyer. What is a Home Appraisal?

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Appraisal Process Appraisal Construction Sellers 139

Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! baths, 2,991 square feet, 0.34

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Appraisal Business Contracts Technology 87

The Robert Weiler Company

MAY 18, 2022

What is Return on Investment in Commercial Real Estate? commercial appraisal, commercial real estate agents, advertisements, and upkeep for curb appeal). When selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. Essential General “Staging” Rules When Selling Commercial Real Estate.

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Real Estate Tenants Retail Investing 148

Dart Appraisal

APRIL 30, 2021

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations. Vacant land, retail, industrial, multi-family, etc. .

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Contracts Appraisal Tips Appraisal Clients 69

The Robert Weiler Company

OCTOBER 9, 2021

Are you interested in learning about land brokers – including their responsibilities, the types of transactions they specialize in, and whether this might be the right career path for you? What is a Land Broker? First and foremost, let’s discuss exactly what a land broker does. Key Responsibilities of Land Brokers.

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D Fritz Appraisals

MAY 9, 2022

That’s the question we’ll answer in this blog post as well as many other questions about splitting assets after separation. . Deep and meaningful connections, whether it’s intimate or platonic, are what make the world a better place. What is Family Property? What is Excluded Property in a Divorce? Investments.

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Law Legal Appraisal Market Value 115

Cleveland Appraisal Blog

SEPTEMBER 23, 2022

I hope you’re having a fantastic week! This week I am happy to welcome back guest blogger Shirley Martin. In this article, she offers some great tips on traveling between homes with our pets. I hope you enjoy it! Owning a home in another state can be a challenge with travel, organization, and house maintenance tasks.

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Insurance Appraisal Property Taxes Real Estate 61