Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. To “think outside of the box” when valuing a property.

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Inventory Market Value Appraisal Contracts 243

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Several conditions are implicit to market value as defined by the Federal Agencies.

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Appraisal Marketing Market Value Development 99

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value.

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Contracts Appraisal Market Value Real Estate 64

McKissock

MAY 10, 2023

A skilled marketer could help the supervisor set up and implement a marketing plan to obtain new clients. One day, there will be no one to develop an unbiased independent third-party opinion of market value. There will only be a machine, and the value of your real estate will be dictated to you.

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Real Estate Appraisal Training Business 86

Simonson Real Estate

APRIL 27, 2020

One thing that isn’t changing is our enthusiasm to deliver credible analysis for our clients while simultaneously providing guidance to our colleagues. By addressing the key areas that now take on heightened importance in current appraisal reports, Appraisers can stay relevant and viable in this ever-changing market.

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Real Estate Appraisal Valuation Clients 78

Simonson Real Estate

OCTOBER 23, 2020

COVID-19 Market Analysis – Insights and Impact Analysis. The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. Key Language in Letter of Transmittal. Regional Analysis is Relevant.

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Appraisal Retail Tenants Real Estate 143

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Successful agents create effective and accurate CMA reports that help their clients make informed decisions. Here are the steps you should take to develop your CMA report Step 1.

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Marketing Real Estate Agent Clients Tools 384

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. For the purpose of this article, we’ll mostly stick to the word “appraisal.”. The data is then analyzed and used to develop opinions of value.

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Real Estate Appraisal Property Appraisal Valuation 60

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. They were one of the original forms of animation according to that article. Is there anything about the improvements that would positively or negatively impact its market value?

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Appraisal Development Market Value Clients 342

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Marketing 418

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 91

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Market value has some key elements that we must understand.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

This article first appeared in the June issue of National Mortgage Professional Magazine. . For this reason, if you are not the client, or employed by the client of the appraisal report, the appraiser will politely decline to discuss the appraisal with you. Market value has some key elements that we must understand.

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Appraisal Tips Appraisal Law Market Value 78

McKissock

OCTOBER 29, 2021

.” “Look at [your supervisor’s] previous reports to study the appraisal line by line to understand the analysis of the report to arrive at a final market value.” ” “Charge enough for your services and do not accept the fees that the client says is typical for your area just to get assignments. .”

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Appraisal Inspection Training Development 88

Cleveland Appraisal Blog

MARCH 30, 2021

According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. That is a lot of bread!

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Housing Market Marketing Reconsideration of Value Contracts 367

Cleveland Appraisal Blog

JANUARY 13, 2022

In this article, I am going to focus on the dangers that skepticism can have on an appraiser’s thinking. When it comes to these things, it can be easy to develop a skeptical attitude. Because the adjustments we make or choose not to make, impact our opinion of the market value of the property we are appraising.

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Appraisal Inspection Clients Real Estate 221

McKissock

MARCH 30, 2021

” The result was the indicated “Sales Price” for real estate sales folks—or, when used by appraisers, the indicated “Market Value.” Going forward, some assignments will warrant more development and reporting, but abbreviated assignments and communications will likely become more commonplace.

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Valuation Real Estate Appraisal Market Value 95

Appraisal Today

APRIL 1, 2023

Instead this reviewer proceeded to tell me that it was one of the most detailed and well-developed reports he had seen in all his years reviewing relocation work. I tend to put a similar amount of effort into the communication side for all clients, and like to think that my work product is solid. Boy I wish I had that one in writing!

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Clients Appraisal Contracts Business 52

Appraisal Today

JANUARY 5, 2024

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. In this article, I don’t focus on losing weight, which is one of the hardest goals to achieve. Pick one client to start with. Set the date(s).

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Appraisal Contracts Legal Business 78

Cleveland Appraisal Blog

FEBRUARY 17, 2021

If a home needs major repairs, clearly this can have a negative impact on market value. Therefore, if a home is in need of some major repairs, it may be worth having an appraisal completed to see if the market value of the home is lower than the assessed value. The assessor may not be aware of these repairs.

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Appraisal Clients Inspection Market Value 217

Cleveland Appraisal Blog

MAY 13, 2021

If you don’t want to take my word for it, there are some nice articles that discuss this. Here’s a link to one article entitled, “No Two People Ever See the Same Rainbow” Check out this cool video of different kinds of rainbows. This is the strongest seller’s market I have ever seen.

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Market Value Contracts Appraisal Buyers 298

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! The goal of this article is to help lenders, banks reviewers and appraisers. We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible.

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Appraisal Process Real Estate Appraisal Renovations 78

McKissock

SEPTEMBER 1, 2020

There are HP-12C keystrokes for life estates, but in this case, the assignment ended up being a request for market value for his CPA’s needs. In a large development of approximately 300 houses, four of them were on a 99-year land lease with 55 years remaining. Example: Land lease.

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Appraisal Land Lease Valuation Real Estate 61

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. I have included some of the articles below. Fannie and Freddie have long said that they want appraisers to tell them about their markets. Include graphs and charts in your appraisal to show your clients what is happening now and why they need human appraisers. .

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. To help you decide if you want to do them. Side-by-side comparisons will help you understand.

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Appraisal Construction Contracts Architecture 80

Cleveland Appraisal Blog

MARCH 18, 2021

My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal. My research and analysis showed that the buyer was about to spend a much higher price than the true market value of this home. We develop our opinions on facts, not feelings. Is it worthy of belief? .

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Appraisal Investors Buyers Market Value 195

McKissock

FEBRUARY 21, 2023

You could simply stop, tell other appraisers you have retired, and invite them to divide up your client base. Invest in your professional development with one-hour, non-credit webinars presented by experts. Buyers and lenders look at what the value of your business is likely to be in the future. View Pro-Series webinars.

Business 77

Business Appraisal Real Estate Market Value 77

McKissock

FEBRUARY 21, 2023

You could simply stop, tell other appraisers you have retired, and invite them to divide up your client base. Invest in your professional development with one-hour, non-credit webinars presented by experts. Buyers and lenders look at what the value of your business is likely to be in the future. View Pro-Series webinars.

Business 52

Business Appraisal Real Estate Market Value 52

McKissock

JUNE 8, 2021

In this case, he was also the client. He ordered appraisals from three different appraisers, and the purchase price was to be the average of the three value opinions. She threatened to turn me in to the State because she said: “It’s against the law for two different appraisers to have different value opinions.”

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Appraisal Contracts Clients Law 73

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?”

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Reconsideration of Value Appraisal Clients Contracts 52