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What Is a Reconciled Value?

Cleveland Appraisal Blog

The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. Even if I do not include my development of the Cost Approach in my report, I have it in my work file.

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What’s New in Appraisal Membership: September 2021

McKissock

Every appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value of real property. Are you investing in yourself and your career?

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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Sellers 377
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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market. a residential real estate appraisal firm based in St. Let them know how many offers came in.

Agents 78
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Why Do Square Footage Disputes Arise?

Empire Appraisal Group

Appraisers use three approaches to develop an opinion of the value of a home: The sales comparison approach looks at the subject property against similar, nearby recently sold properties. The cost approach considers the value of the site and the estimated cost to replace the subject dwelling, less depreciation.

Sellers 78
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For Your Consideration, A Review

Valuation Nation

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. Introduction: The purpose of the appraisal review is to develop an opinion of quality for the referenced appraisal report (blog).