Cleveland Appraisal Blog

MAY 26, 2023

(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? HIGHEST AND BEST USE Appraisers also must determine the Highest and Best Use of a property.

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Appraisal Real Estate Agent Real Estate Agents 302

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

Development 69

Development Sellers Legal Home Value 69

Housing Wire

OCTOBER 9, 2023

There are certain differences between being a real estate professional in Illinois and other states, which we’ll look at in this article. We’ll also dive into necessary steps and helpful tips, answer frequently asked questions, and provide all the key information you need to get your real estate license in Illinois, so keep reading.

Real Estate Agent 381

Real Estate Agent Real Estate Agents Brokerage 381

Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. If something comes up that may impact delivery or information is missing, it is important for the lender and appraiser to inform the bank reviewer/credit analyst. Environmental Information.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

The Robert Weiler Company

SEPTEMBER 30, 2020

In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time. A public project is being conducted.

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Real Estate Appraisal Property Appraisal Valuation 137

Empire Appraisal Group

JULY 1, 2021

Interacting With an Appraiser at a Property. Michelle Bradley, a certified general appraiser, instructor, and founder of Bradley Consultants LLC, recommended that agents bring a packet of information about their listing for the appraiser. Agents can also explain why some sales are not comparable.

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Agents Appraisal Real Estate Realtors 78

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 2 requires honest communications regarding a seller’s property. This includes “opinions of real property value or price.”

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Real Estate Clients Real Estate Agent Realtors 58

Lamacchia Realty

APRIL 4, 2024

When it comes to real property (including a home or land), there are different kinds of ownership that help the courts determine who the executors of an estate sale will be: Sole Ownership – This is when a property is owned by one individual. They will be your best resource for the legalities of an estate sale.

Tenants 51

Tenants Realtors Legal Real Estate 51

Will Springer Realtor

AUGUST 2, 2022

COVENANTS, CONDITIONS & REGULATIONS: Better known as CC&Rs , they are a declaration of rules and restrictions on property owners – typically seen within a shared living community such as a condominium. EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose.

Easement 36

Easement Sellers Legal Buyers 36

Boston Appraisal

MAY 27, 2019

Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. What Is an Estate Appraisal?

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Appraisal Real Estate Valuation Market Value 78

Cleveland Appraisal Blog

APRIL 21, 2022

Second, when searching for sales that are similar to the property being appraised, I’ve never read agent comments in the Multiple Listing Service (MLS) that state, “This home’s list price is being reduced by ten percent because the neighbors are difficult and crazy.”. Sellers want to capitalize on how much they can sell their homes for.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

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. What is an appraiser expected to analyze and give an opinion on? Written by Steven W.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

The Robert Weiler Company

OCTOBER 15, 2021

Many commercial property investors don’t realize that they also have the opportunity to request that the due diligence period begins after the seller provides each necessary piece of information. Seasoned commercial property investors know that money need not be spent until after performing their review. 1031 Exchanges.

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Investing Real Estate Tenants Investors 138

Appraisal Today

APRIL 1, 2023

Appraisers are often subpoenaed in legal disputes involving third parties, usually being tied to the dispute for no other reason than having appraised a property involved in the dispute. This statement definitely applies in the appraisal of real property. Is it always dollar for dollar? Sometimes it is.

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Appraisal Business Marketing Agents 52

Hood Homes Blog

SEPTEMBER 23, 2019

SELLER’S DISCLOSURE OF PROPERTY CONDITION. (a) It is important to update the seller’s disclosure as new information comes out. Failure to disclose a property condition can easily turn into a legal issue, even long after the closing. Texas Seller’s Disclosure Law. Update to Sellers Disclosure Notice.

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Inspection Sellers Agents Law 54

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. All data in the report is indirectly obtained information. The author of the OA is not member of the organization.

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Appraisal Design Development Legal 40

Appraisal Today

SEPTEMBER 9, 2022

Identify ROV content to determine next steps – take the time to analyze the content of the ROV to determine what specifically is being requested of you (the appraiser) and what level of information will be needed to respond to the requestor of the ROV. Click here for the list of 4 ways plus information on why I take ads, etc. =.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients 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

SEPTEMBER 7, 2022

A land contract is a legal agreement used to purchase real estate through owner financing. A land contract is similar to a mortgage but instead of borrowing funds from a bank or lender, the buyer borrows from the real estate owner. Landowners’ payments from farming leases can help cover management expenses (e.g.,

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Marketing Real Estate Investing Retail 78

McKissock

FEBRUARY 16, 2021

What information do you need when appraising industrial and flex buildings ? To estimate the real property value for the purpose of one or more partners acquiring the interest of other partners in a proposed or existing building’s ownership. For real estate tax assessment purposes. Material and information required.

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Appraisal Tenants Construction Renovations 96

Housing Wire

NOVEMBER 30, 2023

Colibri’s practice exams simulate a live exam and include test assessments, helping you retain the most important information, and giving you the assurance you need to pass the Ohio real estate exam. Terms & Class Information ** Note: All Prelicense Courses meet Ohio’s 120-hour sales associate pre-licensing requirement.

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Real Estate Real Estate Agent Law Inspection 382