Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

Cleveland Appraisal Blog

JUNE 30, 2023

I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. Here are some tips to help you transition to a new city and begin a new chapter in your life, shared below by Cleveland Appraisal Blog. To ensure suitability, research neighborhoods, read reviews, and consult locals or real estate agents.

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Real Estate Agent Appraisal Bracketing Decorating 241

McKissock

FEBRUARY 7, 2023

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser.

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Appraisal Real Property Property Appraisal Training 52

The Robert Weiler Company

SEPTEMBER 30, 2020

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media! Grant Applications.

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Real Estate Appraisal Property Appraisal Valuation 137

McKissock

DECEMBER 2, 2022

There are many reasons people choose to launch a career in real estate appraisal—including the potential to earn a high income, opportunity to work flexible hours, and low start-up costs compared to other small businesses, to name a few. Are you interested in starting an appraisal career? Take your classes online.

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Appraisal Training Real Property Design 85

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so. Questions we should ask ourselves.

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Contracts Appraisal Market Value Real Estate 64

McKissock

SEPTEMBER 24, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

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Appraisal Real Estate Development Market Value 52

Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Interacting With an Appraiser at a Property. Interacting With an Appraiser at a Property.

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Agents Appraisal Real Estate Realtors 78

Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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Appraisal Agents Real Estate Real Estate Agent 83

McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Top 3 appraisal CE courses trending right now.

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Appraisal Inspection Development Design 52

McKissock

NOVEMBER 3, 2020

Appraisers are often reluctant to take on an appraisal trainee. They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood. Q: What are some advantages of taking on appraisal trainees?

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Appraisal Training Business Property Appraisal 75

Appraisal Buzz

OCTOBER 10, 2022

The appraisal profession has experienced just that. Appraisers are tasked with protecting the public trust, and yet, I have seen appraisers who knowingly and on an ongoing basis disregard facts and truth to provide reports with values or directions in values that advocate the cause of their client.

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Valuation Tools Development Technology 74

DataMaster

JUNE 15, 2023

However, the GSEs did not make a parallel change to the property qualification side of the lending decision. While STR Income is allowed on the borrower’s income statement, the market rents for the collateral still needed to be based on longer-term leases. The purchase of real property for the purpose of investment is not new.

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Appraisal Tenants Investors Business 148

Appraisal Buzz

JUNE 11, 2024

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. Department of Housing & Urban Development (HUD) and U.S. Thompson. “I million own the unit only, and 1.3

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Finance Real Property Design Lending 390

Walitt Solutions

MAY 24, 2024

Along with many of you, I am a member of multiple online appraiser discussion groups. One of those common scenarios goes like this: I completed an appraisal and transmitted the appraisal report to the client for a purchase appraisal. My market value conclusion came in below the purchase contract price.

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Contracts Appraisal Clients Market Value 74

DataMaster

JUNE 15, 2023

However, the GSEs did not make a parallel change to the property qualification side of the lending decision. While STR Income is allowed on the borrower’s income statement, the market rents for the collateral still needed to be based on longer-term leases. The purchase of real property for the purpose of investment is not new.

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Appraisal Tenants Investors Business 78

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Valuation Contracts Appraisal Legal 360

Real Quantum

JUNE 8, 2022

Appraisers come in all shapes and sizes. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd.

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Design Appraisal Real Estate Decorating 68

McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What is an Appraisal ? Defining the Appraisal Scope of Work.

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Appraisal Process Appraisal Market Value Tenants 148

The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio. Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment.

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Investing Real Estate Tenants Investors 138

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. They are excellent at marketing. Just think how much more difficult it would have been to flip in a declining market.”

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Market Value Valuation Appraisal Real Estate 364

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so.

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Contracts Appraisal HOA Architecture 52

Property Metrics

MAY 28, 2021

One of the unique challenges of commercial real estate investment is that markets, types of property , return expectations, and physical environments are in a constant state of change. The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of.

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Real Estate Tenants Modernization Renovations 50

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Defining the Appraisal Scope of Work.

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Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Failure to make appropriate time/market adjustments (positive or negative).

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Appraisal Real Estate Agent Real Estate Contracts 52

Empire Appraisal Group

JULY 28, 2022

ANSI Square Footage Standards: What Agents and Appraisers Should Know. Source: ANSI Square Footage Standards: What Agents and Appraisers Should Know | Realtor Magazine. Key takeaways: As of April 1, Fannie Mae began requiring the ANSI home measurement standard for appraisals of single-family homes. by Craig Morley.

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Agents Appraisal Valuation Realtors 78

Boston Appraisal

JUNE 24, 2019

Property owners are often surprised when the time comes to estimate the fair market value of their green building. Many appraisers believe that these green features, although expensive, add little value to the property, while potential buyers find these features appealing and valuable.

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Appraisal Real Estate Market Value Technology 78

Empire Appraisal Group

AUGUST 12, 2021

Many characteristics affect the appeal, marketability, and value of a property. Because dwelling size matters to everyone in the transaction—buyers, sellers, agents, appraisers, and lenders—it makes sense to encourage the understanding and use of industry-accepted terms to define size. Appraisal Requirements from Fannie Mae.

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Sellers Appraisal Development Buyers 78

Housing Wire

NOVEMBER 30, 2023

Program follows a blueprint developed by the OH Association of Realtors®. Courses meet educational requirements for OH real estate licensure * Note: All Prelicense Courses meet Ohio’s 120-hour sales associate pre-licensing requirement. Note: All Prelicense Courses meet Ohio’s 120-hour sales associate pre-licensing requirement.

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Real Estate Real Estate Agent Law Inspection 380

Annarbor Appraisal

APRIL 9, 2020

Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. Will the stock market continue to be mercurial and buyers feel more comfortable having assets in something solid, like real property?

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Buyers Property Taxes Sellers Realtors 78

The Robert Weiler Company

SEPTEMBER 7, 2022

Below, we explore why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying real property… from your couch, if you’re not ready to buy land for sale! The value of your property increases significantly year over year.

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Investing Business Real Estate Buyers 78

Appraisal Today

SEPTEMBER 9, 2022

Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. My comments : ROVs are a PITA for many appraisers. Greg Stephens is a very experienced appraiser and reviewer. Reconsideration of Appraised Value. Appraisal Business Tips .

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Reconsideration of Value Appraisal Clients Contracts 52

Valuation Nation

AUGUST 2, 2021

In light of the recent, or rather ongoing, attacks on several members and staff at the Appraisal Institute (AI), I wanted to offer some perspective on the accusations and conjecture that has been offered over the last couple of weeks. Client and Intended user(s): the appraisal profession and stakeholders thereof.

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Appraisal Design Development Legal 40