Cleveland Appraisal Blog

SEPTEMBER 3, 2021

Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. The more information the MLS listing offers on a home, the more useful the data is at helping appraisers to develop a supportable opinion of the value of a home being appraised.

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Agents Appraisal Renovations Development 374

Cleveland Appraisal Blog

JUNE 25, 2021

Even if they are completely renovated, they are still not considered to be new. During the Great Recession, home prices were falling rapidly due to an over-supply of inventory, which was out of the control of individual homeowners. Next, the appraiser will develop the replacement cost of the improvements, using different data sources.

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Market Value Appraisal Marketing Buyers 244

Cleveland Appraisal Blog

MARCH 4, 2021

For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. Sometimes, two homes with wide age differences can have the same effective age.

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