Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. But not always.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. The process can take even longer if the buyer or seller requests a second appraisal.

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Inspection Appraisal Appraisal Process Buyers 423

East Coast Appraisal

JULY 27, 2023

This data includes the sale prices, as well as any relevant adjustments to account for differences between the subject property and the comparable properties. After collecting the necessary data, the appraiser performs a thorough analysis to determine the subject property's market value.

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Valuation Real Estate Market Value Property Taxes 52

D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property.

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AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property.

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Appraisal Appraisal Process Real Estate Renovations 36

Realvals

JUNE 18, 2023

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Beyond these most common scenarios, appraisals have numerous other use cases. Estate planning, property tax appeals, divorces, and gifting, are some of the many others.

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Appraisal Property Taxes Real Estate Market Value 145

Appraisal Today

SEPTEMBER 9, 2022

For example, you don’t want your appraisal for the executor being used by a beneficiary down the road to sell the property to someone. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” But not one at a time.

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Reconsideration of Value Appraisal Clients Contracts 52