Cleveland Appraisal Blog

FEBRUARY 16, 2024

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. The mate on the opposing side accused me of appraising the property at a value that favored my client. I recently appraised a home for a divorce. That’s okay.

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Appraisal Market Value Real Estate Clients 406

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. They are excellent at marketing. Just think how much more difficult it would have been to flip in a declining market.”

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Market Value Valuation Appraisal Real Estate 364

Housing Wire

JULY 28, 2022

MassiveCert, in addition to flood zone determinations, provides elevation certificates, Letters of Map Amendment services, private flood compliance, and real-property risk assessment. Xactus’s addition of flood services comes after the solutions provider rolled out a monitoring program in June.

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Insurance Clients Modernization Technology 299

Housing Wire

MARCH 11, 2024

In this article, we’ll examine four effective strategies to help you navigate these challenges and prepare your team for the changing housing market. By investing in education now, you’ll be ready to capitalize on a potential market rebound and set your agency apart from the competition.

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Training Insurance Development Client Relationships 302

Housing Wire

APRIL 27, 2021

It would seek to solve problems in the appraisal industry, such as determining collateral value in areas where there is limited market activity, and identifying barriers of entry to the profession for minorities. Once formed, the task force would “harmonize” collateral underwriting standards, the bill reads.

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Appraisal Valuation Design Real Estate 382

McKissock

MAY 26, 2023

How can you bolster your appraisal business during a slow real estate market? This month we asked our appraisal community, “What’s the BEST way to survive a slow market as an appraiser?” What’s the BEST way to survive a slow real estate market? Read the full survey results below.

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Real Estate Appraisal Marketing Business 64

Simonson Real Estate

SEPTEMBER 25, 2020

Since the onset of COVID, market data remains sparse for certain property types. Over the past two months, I’ve participated as a panel moderator or speaker on several commercial real estate webinars and live events with Bisnow, Minnesota Real Estate Journal (MREJ) , NAIOP , and Minnesota Real Estate Exchangors (MREE).

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Valuation Appraisal Marketing Real Estate 130

Housing Wire

SEPTEMBER 13, 2023

Legislative priorities “From its building located steps away from the United States Capitol, NAR advocates for federal policy initiatives that strengthen the ability of Americans to own, buy and sell real property,” NAR says on its website. Taxes, finance, insurance, and consumer product safety round out the top five.

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Realtors Insurance Legal Real Estate 360

Housing Wire

OCTOBER 23, 2023

The valuator needs to understand ownership structure, ownership compensation, corporation type, operational metrics, agent productivity, lease obligations, employee roster, affiliated services relationships, market share, and most importantly financials, among a comprehensive list of items and information.

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Real Estate Brokerage Valuation Contracts 328

Housing Wire

NOVEMBER 2, 2022

Once the home arrives on site and is placed on a permanent foundation, it becomes a real property and is able to be financed through a mortgage. million Americans have a chattel mortgage, which accounts for 42% of the manufactured market, according to the Consumer Financial Protection Bureau (CFPB). Presented by: CreditXpert.

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Mortgage Finance Real Property Buyers 368

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. As the market slows, AMCs and lenders will have more time to dissect reports and actually read them.

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Valuation Contracts Appraisal Legal 360

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? That can have a big impact on market value.

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Appraisal Market Value Legal Property Appraisal 354

Housing Wire

MAY 25, 2022

million Americans who live in homes financed with chattel — about 42% of the manufactured housing market — don’t enjoy the consumer protections that long-established legislative bulwarks afford those with a traditional mortgage. But the government sponsored enterprises may now be on the cusp of entering the chattel market.

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Finance Supply Chain Tenants Real Estate 350

The Robert Weiler Company

SEPTEMBER 7, 2022

Reports have revealed a strong land market. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. See below why we feel Ohio land for sale market is still ripe for growth. Surges in Residential and Commercial Real Estate, and Land Sales. Residential Real Estate Sales.

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Marketing Real Estate Investing Retail 78

Cleveland Appraisal Blog

MAY 17, 2024

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. If you’re a real property appraiser in Ohio, check us out! So, thank you to Tina and all my former guest bloggers!

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Renovations Appraisal Logistics Decorating 323

Cleveland Appraisal Blog

MAY 26, 2023

They will analyze market conditions and they will look for comparable sales that have sold in the area of the subject property in recent months. They then use a price-per-square-foot method to determine the asking price for the property. If they end up too high, the home will likely sit on the market until the price is reduced.

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Appraisal Real Estate Agent Real Estate Agents 302

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

Housing Wire

DECEMBER 7, 2023

And then they will impersonate the property owner. They’ll create a fake, government-issued document like a driver’s license or a passport that has all the credentials of the real property owner except for the bad actor’s picture on. And then months and even years later, the real property owner learns of it.

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Real Estate Sellers Technology Real Estate Agent 412

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. Under fee simple ownership, a property owner may occupy the property and have the right to sell, lease, mortgage, or give an interest away. Note that U.S.

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Appraisal Process Appraisal Market Value Tenants 148

Housing Wire

MARCH 31, 2022

By focusing on its clients and their processes, WFG helps compress the time required to close a loan and/or transfer real property ownership. WFG develops solutions in direct response to industry concerns solicited through regular engagement with its Executive Roundtable (ERT) of C-suite lending executives.

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Real Estate Human Resources Technology Clients 320

DataMaster

JUNE 15, 2023

However, the GSEs did not make a parallel change to the property qualification side of the lending decision. While STR Income is allowed on the borrower’s income statement, the market rents for the collateral still needed to be based on longer-term leases. The purchase of real property for the purpose of investment is not new.

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Appraisal Tenants Investors Business 148

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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Property Taxes Legal Law Property Appraisal 195

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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Appraisal Training Property Appraisal Real Property 97

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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Appraisal Buyers Transportation Real Estate 284

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 352

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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Real Estate Appraisal Valuation Training 178

Town & Country Residential Appraisals

MARCH 27, 2023

Moving it would mean it wasn't attached to a permanent foundation and therefore, is viewed more as personal property and not real property. Additionally, the manufactured home must be a one-unit dwelling that is legally classified as real property and cannot include an accessory dwelling unit.

Finance 56

Finance Real Property Legal Buyers 56

Cleveland Appraisal Blog

JUNE 30, 2023

Check out local markets and shops to know the community and support local businesses. While this article was not about real property or appraising, appraisers do help people who are relocating. Discovering Your Environment To make a new city feel like home, you must explore and discover your surroundings. Sage advice!

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Real Estate Agent Appraisal Bracketing Decorating 241

Housing Wire

JUNE 9, 2021

HousingWire recently spoke with Jim Albeertelli, CEO of Voxtur, about the company’s r ecent acquisition and launch of an automated workflow management platform for the global market. HW: What are some of the current challenges regarding property tax assessment?

Appraisal 389

Appraisal Property Taxes Technology Valuation 389

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. Real property appraiser qualification criteria*. * ??Hours Some states require you to earn a college degree , but some don’t.

Appraisal 101

Appraisal Real Property Property Appraisal Training 101

Birmingham Appraisal

MAY 28, 2024

I thought I would take some time in this week’s blog post to explain the process you can take to appeal your high real property tax assessment if you think they are too high. These assessments are based on various factors, including the property’s size, location, condition, and comparable sales in the area.

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Property Taxes Market Value Appraisal Real Property 60

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. It’s really up to you.

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Appraisal Real Property Property Appraisal Training 52

DataMaster

JUNE 15, 2023

However, the GSEs did not make a parallel change to the property qualification side of the lending decision. While STR Income is allowed on the borrower’s income statement, the market rents for the collateral still needed to be based on longer-term leases. The purchase of real property for the purpose of investment is not new.

Appraisal 78

Appraisal Tenants Investors Business 78

Cleveland Appraisal Blog

DECEMBER 10, 2022

If you’re going to go for an unusual look, make it easy to undo before putting your home on the market. #6 However, I have never found that an annoying neighbor really has any impact on market value. In 2023, I am going to work on providing some blog posts that focus more on the Cleveland market. 6 Overuse of carpeting.

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Appraisal Buyers Renovations Investing 298

Simonson Real Estate

JUNE 16, 2021

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Again, greater transparency leads to more accuracy.

Appraisal 78

Appraisal Real Estate Appraisal Process Real Property 78

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. Housing market trends for 2022. So, many markets may cool off.”. Tampa, Fla.),

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. I used the best market data that I could find. I did have good market data for developing the value of the land. And the property being appraised had not been built yet.

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Development Appraisal Market Value Valuation 337