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Understanding Zillow’s Square Footage is Important!

Cleveland Appraisal Blog

It’s been a while since I’ve written an article. So, first of all, thank you for being here to read articles from my blog! FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. I miss writing and I miss you! I recently appraised a home for a divorce.

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If You’re Using Zillow Sales to Price Per Square Foot…You’ll Probably Be Low!

Cleveland Appraisal Blog

I know, I know… In previous articles, I have exposed the lack of accuracy with their Zestimates. While Zillow does offer some great data, occasionally, some of my clients point out home sales that they found on Zillow, that appear to be comparable to their property. To my client’s credit, they did not go by the Zestimate.

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Of course, that’s not the same as market value.

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Market Value: Who Says What It Is?

McKissock

On the way he needed to drop off an appraisal report to a lender client. He handed the report to his client who quickly turned to the bottom of page two, and said: “Wow Ben, I was sure this one would have come in at least $20,000 higher.” So, it’s that darned old market that determines what the market value is.

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4 Ways to Help Manage Client Expectations

McKissock

The reality, however, is many agents struggle to properly set and manage the client’s expectations of how the chaos is going to work and how the process is going to play out. Managing client expectations is critical, and sadly, often overlooked as part of the agent/client relationship. Click here to read the full article.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded.

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Unanswered Questions – Part 1

Appraisal Buzz

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. But what offer will the seller accept $400,000.