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? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised. That’s okay.

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Cleveland Appraisal Blog

MAY 17, 2024

This will be the last guest post for the Cleveland Appraisal Blog. I enjoy writing and would like to focus on providing articles that I write and including more market stats for the areas of Northeast Ohio that I appraise in. I greatly appreciate you being here to read articles from the Cleveland Appraisal Blog.

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McKissock

MARCH 17, 2023

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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Appraiserblogs

JUNE 22, 2021

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages.

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Cleveland Appraisal Blog

JUNE 23, 2023

Before buying land, consider the market trends and pricing in the area, and conduct a cost-benefit analysis to determine if the land’s value is worth the investment. As a real property appraiser, I think these tips can really help if you’re looking to purchase land. How much does it cost?

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Cleveland Appraisal Blog

JANUARY 19, 2023

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. Sometimes, this is a difficult question.

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McKissock

AUGUST 6, 2021

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. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser.

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McKissock

FEBRUARY 7, 2023

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. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser.

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McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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Town & Country Residential Appraisals

MAY 8, 2023

When it comes to appraising a property, appraisers must take into account all agreements of sale. According to Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP), we are required to analyze any contracts for sale.

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Contracts Appraisal Real Estate Property Appraisal 54

McKissock

OCTOBER 8, 2021

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year. Ready to become an appraiser?

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The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

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McKissock

OCTOBER 20, 2020

Real property appraiser qualification criteria*. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. Some Certified Residential Appraisers make six-figure salaries. Individual states may have stricter requirements.

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East Coast Appraisal

OCTOBER 18, 2021

Reach out to the appraiser you have in mind, and ask them to email you a copy of their qualifications sheet that provides information on their education, associations, or licensing. Some of the licenses federal law might require include Certified General Real Property Appraiser and Certified Residential Real Property Appraiser.

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Walitt Solutions

MAY 24, 2024

, I find in those discussion groups a lot of the same types of questions my firm discovers when we provides assistance to appraisers, whether that is part of coaching or part of support around a state complaint filed against the appraiser. My market value conclusion came in below the purchase contract price.

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Cleveland Appraisal Blog

JANUARY 12, 2023

Write down everything, from how you plan to market your products in this new area to how your company will be structured and how much money you will need to get the ball rolling. How Was The Housing Market in 2022? – Birmingham Appraisal Blog. Appraiser Professional Goals – APPRAISAL TODAY.

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McKissock

AUGUST 13, 2021

What is in the sales contract that an appraiser actually needs to see? For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. What is an appraiser expected to analyze and give an opinion on?

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Empire Appraisal Group

AUGUST 12, 2021

Many characteristics affect the appeal, marketability, and value of a property. Note: Floor plan functionality may affect marketability and value. From an appraiser’s perspective, however, areas excluded from the calculation may still contribute substantially to the appeal, marketability, and value of the property.

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Boston Appraisal

JUNE 24, 2019

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

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McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

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Appraisal Today

SEPTEMBER 22, 2023

Uber Drivers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Most of the inspection training we receive as appraisers happens in the field. I want to be able to get appraisals emailed to me.

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Appraisal Training Inspection Real Estate 86

McKissock

NOVEMBER 3, 2020

They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood. The existing population of licensed and certified appraisers is aging—and in some markets, shrinking.

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McKissock

DECEMBER 27, 2022

Industry experts and economists maintain a watchful eye on the housing market as the new year approaches. With 2023 just around the corner —and a good deal of uncertainty in the air—we wanted to find out where real estate appraisers plan to focus their efforts and what goals they hope to achieve next year.

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Appraisal Today

NOVEMBER 20, 2022

However, time and time again we’d review appraisals, that were accepted by lenders, but had failures such as: • No highest and best use analysis (as if vacant and improved). Failure to make appropriate time/market adjustments (positive or negative). Shaped like baskets, carpets, and fish, you won’t believe these buildings are real. .

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The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio. Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment.

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McKissock

FEBRUARY 23, 2021

Additionally, it looks at the letter of engagement as a foundation for the assignment, and it gives helpful tips on how to improve your marketing skills and attract more non-lender clients. Residential Appraisal Review and USPAP Compliance. It covers form differences, USPAP issues, and assignment conditions. ” – Cheryl F.

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Real Quantum

JUNE 8, 2022

Applicants need to show evidence of a Bachelor’s degree or higher from an accredited institution unless they are Certified General Real Property Appraisers, in which case this stage is not needed. This is a 6-hour course available to attend via the AI website. This second, required exam stage covers general competence.

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate.

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