Remove 2022 Remove Blog Remove Market Value Remove Real Property
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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

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.

Appraisal 354
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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

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.

Appraisal 284
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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

However, I have never found that an annoying neighbor really has any impact on market value. I covered this topic in my article, “Is Your Crazy Neighbor Lowering Your Home’s Value.” In 2023, I am going to work on providing some blog posts that focus more on the Cleveland market.

Appraisal 298
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How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new.

Appraisal 148
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Clarify What Value or Values are Needed. Prospective Market Value As Completed and As Stabilized. This simple step ensures the proper bid request is made.

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Creativity, AI Help Boost Fraud Risk in Real Estate

Will Springer Realtor

The illustration of a sinister-looking man, above, was produced by generative AI only seconds after I shared an overview of this blog post. The title pirate scam starts with an email or text message from the so-called property owner seeking to sell a piece of vacant land or possibly an empty home. Fraud is running rampant in the U.S.

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How should appraisers approach short-term rentals?

DataMaster

Note: This blog post about short-term rentals was originally posted on Class Valuation’s site on May 11, 2022. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new.