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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? That can have a big impact on market value.

Appraisal 354
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Who Needs Appraiser’s When One Has Cash?

Cleveland Appraisal Blog

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. There is a lot of information that an appraisal can provide, which can be helpful to lenders and homeowners. MARKET TRENDS. I hope you enjoyed that musical interlude!

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

(Assuming they made adjustments) Did you consider any relevant market trends or economic factors when determining the property’s value? Can you provide any additional information or documentation to support your appraisal? There are three approaches to value that an appraiser will consider. Both require a skill.

Appraisal 302
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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. And appraisal waivers would be informed, not blind.

Appraisal 313
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Hybrid Appraisals and the Associated Risks

Boston Appraisal

The appraiser obtains all relevant property characteristics and data such as measurements, room counts, condition, and quality, and utilizes this information in the report. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.

Appraisal 135
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What Is A Home Appraisal?

DataMaster

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. Appraisers are highly educated and well-trained. How Does the Appraiser Determine Value? But still, he was baffled. I Just Don’t Get It!

Appraisal 158
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Hybrid Appraisals and the Associated Risks

Boston Appraisal

The appraiser obtains all relevant property characteristics and data such as measurements, room counts, condition, and quality, and utilizes this information in the report. For hybrid appraisals, the property inspection is completed by a third party, and that information is relayed to the appraiser.