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Tools To Support Appraisal Adjustments

Appraisal Today

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” Popular tools include Synapse by Spark, Solomon Adjustment Calculator, and Redstone by Bradford Technologies.

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Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. It’s simply a tool to create a detailed floor plan and measure a home. – George Dell’s Analog Blog.

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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

The value of your home will drop if you use the garage for anything other than parking automobiles. That’s because most buyers need somewhere to store their vehicles and gardening tools. You wouldn’t think it, but there’s a certain level of clutter that might lower the value of your home. 8 Too much clutter.

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Skepticism Can Lead to Poor Decisions

Cleveland Appraisal Blog

Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising. We measure the improvements to verify that we are appraising the home based upon accurate square footage, which has a direct impact on market value in most cases. I promise to do the same.

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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 “owners” want to urgently sell the property – often below the true market value – simply to move the sale along quickly and reap the financial reward.

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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. Proof of income, not the market rent. There was no parallel change in the GSE policies to allow the use of STRs in the formation of an opinion of Market Rent. If only it was that simple.

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5 Ways Homeowners Can Save Money

Birmingham Appraisal

Interest rates started to creep back up at the beginning of 2022 due to efforts by the Federal Reserve to fight increasing inflation. This has put a damper on the real estate market by taking many buyers out of the equation because they cannot afford the higher mortgage payments brought on by the increase in rates.