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Market Value: Who Says What It Is?

McKissock

Free Download: Ready to launch your appraisal career? So, it’s that darned old market that determines what the market value is. To achieve our goal, comparable sales are sought that meet—or can be credibly adjusted to meet as closely as possible—the above criteria in the market value definition.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. For example, if one of the sold comps had an additional parking space, you’ll want to adjust its sold price down based on the local market value of a parking space.

Marketing 371
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5 Tips for Appraising Green Homes

McKissock

You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Download this free ebook to learn the ins and outs of this growing appraisal niche. Here are five tips for appraising green homes that you can use as guidance.

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It is Good Business to Drop an Onion Ring in Your Fries!

Cleveland Appraisal Blog

A couple of weeks ago, a homeowner hired me to appraise a four-unit apartment because they want to sell it, and needed to know the market value of the property, to know how much to sell it for. Then it gives the person the option of downloading my contact information right into their device. So, they may call me.

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Fannie Announces New Options for Property Valuations, Market Rebound Halts, and More Appraisal News

McKissock

In Fannie’s announcement of the updates, it says it’s “transitioning to a range of options to establish a property’s market value” that “balances traditional appraisals with appraisal alternatives.” ” Options introduced with this update include value acceptance (a.k.a.

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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? Questions we should ask ourselves.

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Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. This scan took me fifteen minutes. It was easy to do. I had the floor plan back the next day.