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.

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Development Appraisal Market Value Valuation 337

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

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Appraisal Real Estate Agent Real Estate Agents 302

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

APRIL 26, 2021

Under the agreement, the California Association of Realtors gained “access to a comprehensive suite of tools allowing them to create, manage, negotiate, and close offers on real property, all at no additional cost and integrated with their MLS platforms,” read the March release.

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Agents Brokerage Real Estate Agent Realtors 370

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

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Lenders and clients will be looking for an appraisal to secure a loan on the STR. What do short-term rentals mean for appraisers?

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Appraisal Tenants Investors Business 148

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value.

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Appraisal Process Appraisal Market Value Tenants 148

Appraisal Buzz

OCTOBER 10, 2022

Appraisers are tasked with protecting the public trust, and yet, I have seen appraisers who knowingly and on an ongoing basis disregard facts and truth to provide reports with values or directions in values that advocate the cause of their client. Strong ethics is an irresistible treasure seen and felt by our colleagues and clients.

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Valuation Tools Development Technology 74

McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client. Clients and intended users.

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Appraisal Appraisal Process Clients Development 92

McKissock

MARCH 17, 2023

property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. For example, you might want to hire a tech-savvy trainee who can help you modernize your process, or a trainee with marketing experience who can help bring in more clients.

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Appraisal Training Property Appraisal Real Property 97

The Robert Weiler Company

SEPTEMBER 30, 2020

And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. The obligation to the client isn’t met. It isn’t clear who owns the appraised property. City or federally owned property is being evaluated.

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Real Estate Appraisal Property Appraisal Valuation 137

MN Real Estate Services

FEBRUARY 4, 2017

When Emotions Are Raw, and Trust Is Low, You Need a Real Estate Appraisal That Could Stand Up In Court If It Had To. Your client is going through divorce and there is real property involved. You contact Minnesota Real Estate Appraisal Services LLC in Minnesota and get them to do an Appraisal that both parties can trust.

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Real Estate Appraisal Real Property Valuation 78

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Lenders and clients will be looking for an appraisal to secure a loan on the STR. What do short-term rentals mean for appraisers?

Appraisal 78

Appraisal Tenants Investors Business 78

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Deluxe: Required 90 hrs of coursework.

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Real Estate Contracts Law Real Estate Agent 347

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. As year-end is approaching, we reflect on the past year and look ahead to the future.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

McKissock

MAY 18, 2021

While the appraiser has broad flexibility in the level of detail and manner of disclosing the scope of work in the appraisal report, there must be sufficient information contained in the report for the client and other intended users that rely on the assignment results to understand the scope of work performed.

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Appraisal Inspection Clients Real Property 63

Real Quantum

NOVEMBER 24, 2020

It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. They do this through client relationships and should be rewarded for it. Have good moral character; Be a Certified General Real Property Appraiser (or meet equivalency). About the Author.

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Appraisal Client Relationships Design Property Appraisal 64

McKissock

DECEMBER 2, 2022

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. “I would suggest for anyone who’s interested to start taking your appraiser trainee classes whether you have found a supervisor or not.

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Appraisal Training Real Property Design 85

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Surges in Residential and Commercial Real Estate, and Land Sales. More housing developments are needed, leaving the door open for developers and investors to fill the gap.

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Marketing Real Estate Investing Retail 78

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. Learn more in our free guide, The ROI of Professional Development for Appraisers. Written by Steven W.

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Contracts Appraisal Market Value Real Estate 64

Empire Appraisal Group

JULY 28, 2022

ANSI doesn’t develop standards itself but provides a framework for setting them in a wide range of disciplines. Much of the information about property physical characteristics is obtained from public record sources that are usually developed by the county assessor. ANSI stands for the American National Standards Institute.

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Agents Appraisal Valuation Realtors 78

Empire Appraisal Group

JULY 1, 2021

Don’t tell the appraiser your client needs a certain value, for example. a residential real estate appraisal firm based in St. “If If there is no competition, and you’ve got no supply, that has an influence on the value of that property.”. It’s highly critical to give appraisers all of that data.

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Agents Appraisal Real Estate Realtors 78

McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Appraisal of Owner-Occupied Commercial Properties.

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Appraisal Inspection Development Design 52

Cleveland Appraisal Blog

APRIL 21, 2022

The homeowners of one property stated that their neighbors are a nuisance. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Because when developing the market value of a home, appraisers look for other homes that are comparable in terms of condition. Probably not.

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Market Value Appraisal Agents Real Estate Agent 350

McKissock

AUGUST 11, 2020

There should be enough information in your workfile so that you know exactly what you were thinking when you developed and reported that opinion of value. This is especially true because as an appraiser you are pulled in many different directions at once, you’re busy, and sometimes you get clients who don’t want to pay you a lot of money.

Appraisal 64

Appraisal Clients Real Estate Law 64

The Robert Weiler Company

SEPTEMBER 7, 2022

Below, we explore why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying real property… from your couch, if you’re not ready to buy land for sale! There’s an Alternative to Real Property Investing!

Investing 78

Investing Business Real Estate Buyers 78

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Excerpts: What does the appraiser do with the three different values that may be developed?

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Reconsideration of Value Appraisal Clients Contracts 52

McKissock

NOVEMBER 3, 2020

Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. A: The standard model for taking on a trainee is on-the-job training, developing individuals by letting them learn by doing.

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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?”. George had a Ph.D. Or hit the reply button.

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Appraisal Agents Real Estate Real Estate Agent 81

Valuation Nation

AUGUST 2, 2021

As the author of these blogs is an appraiser, and this deals with the largest real property valuation organization in the country, I thought it may be apropos to style this blog after an appraisal review. Introduction: The purpose of the appraisal review is to develop an opinion of quality for the referenced appraisal report (blog).

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Appraisal Design Development Legal 40

Appraisal Today

NOVEMBER 20, 2022

Unfortunately, because many appraisals were rarely rejected or required corrections, appraisers developed the false notion that poorly crafted appraisals were okay to turn in. Failure to analyze the sales history of the subject property. Failure to disclose significant real property appraisal assistance.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 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., fee simple, leased fee, etc.) 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

The Robert Weiler Company

OCTOBER 15, 2021

Many property owners were surprised by the subsequent tax increase determined by the County Auditor’s Office. If not for the in-depth work of independent commercial real estate appraisers in challenging the updated tax burden of their clients, the property owner, many would be unnecessarily paying increased taxes.

Investing 138

Investing Real Estate Tenants Investors 138

McKissock

DECEMBER 28, 2021

Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Over the past several years, the single largest source of business for real property appraisers has been residential mortgage lending, specifically mortgage refinances. Top changes to look for in 2022.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96