Cleveland Appraisal Blog

SEPTEMBER 2, 2022

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why. Lenders are not value experts.

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Development Appraisal Market Value Valuation 337

Boston Appraisal

MAY 17, 2023

The process of determining a property’s market value is called a real estate appraisal. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property. The report must be signed and dated by the appraiser in order to be used by the client.

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Inspection Construction Appraisal Valuation 148

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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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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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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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.” If a few more wheels were added, it might be an alternative for some of those automated valuation models (AVMs)? We must adapt or we will surely be left behind.

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Valuation Real Estate Appraisal Market Value 95

Simonson Real Estate

OCTOBER 23, 2020

COVID-19 Market Analysis – Insights and Impact Analysis. 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.

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McKissock

SEPTEMBER 10, 2020

This is especially true where there is a business component to be considered, as would be the case with senior living, hotel valuation, or hospitals. Within the appraisal industry, there is an ongoing discussion on identifying intangibles, ownership of intangibles, and the valuation of intangibles.

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Appraisal Valuation Real Estate Design 54

AmeriMac

JULY 25, 2022

Home negotiations can be deadlocked because of the valuation differences of a property by both prospects and homeowners. The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. What Is an Appraisal?

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Real Estate Appraisal Valuation Clients 36

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. When contract prices and value often differ. I’ve also paid far less than a property’s market value because a seller was vulnerable or desperate to sell.

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Contracts Appraisal Market Value Real Estate 64

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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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

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

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Appraisal Reconsideration of Value Agents Market Value 78

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

They were one of the original forms of animation according to that article. This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. 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

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Lots of good, practical ideas for you in this article in the monthly newsletter! Cancel at any time for any reason! per month, $24.75

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Appraisal Bracketing Contracts Valuation 52

Housing Wire

NOVEMBER 5, 2023

In this article What is circle prospecting? It’s a method to establish and nurture relationships with both potential clients and other stakeholders within a defined area. Circle prospecting requires a combination of interpersonal skills, local market knowledge, and often, patience.

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Real Estate Tools Real Estate Agent Agents 206

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. However, they are stuck in the middle, trying to please their clients, and at the same time navigate multiple bids and everything that goes with that.

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Housing Market Marketing Reconsideration of Value Contracts 367

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 other words, you are telling the client, “I don’t know what it’s worth today, as is, but I can tell you what it would be worth if the problem at hand is fixed.”

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Appraisal Land Lease Valuation Real Estate 61

Appraisal Today

OCTOBER 7, 2022

Eleven percent cite evaluations (non-appraisal opinions of value). The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. If it had a market value of $345k, it would have listed at $345k!”. While agents can “puff” we cannot! By Edward J.

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Appraisal Contracts Architecture Housing Market 52

McKissock

JUNE 27, 2021

Before you dive into this real estate niche, take the time to learn how valuation works in the self-storage market. Here are some factors to consider when it comes to self-storage opportunities in real estate: NOI (net operating income): You can find this value by subtracting your operating costs from your total income.

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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

Boston Appraisal

OCTOBER 27, 2023

Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date. A property appraisal can also empower CPAs and other financial advisors to provide sound advice and guidance to their clients who are going through a divorce.

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Appraisal Property Appraisal Legal Inspection 78

The Robert Weiler Company

SEPTEMBER 16, 2021

The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. The goal of a real estate valuation is to pinpoint the price and value of a property. Second, the motivation to look at the value of a property will be for entirely different purposes.

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Real Estate Appraisal Property Appraisal Valuation 147

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Get the relevant date of value from the client or client’s attorney. I strongly recommend it.

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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

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. The best article I have read on MPCs. To help you decide if you want to do them.

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Appraisal Construction Contracts Architecture 78

Appraisal Today

SEPTEMBER 15, 2023

Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc. The article includes lots of marketing tips, such as how to find the lenders, they want an accurate value and full disclosures, etc.

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Appraisal Real Estate Agent Contracts Real Estate 83

McKissock

NOVEMBER 16, 2021

When you receive a reconsideration of value request, there are proven ways to handle these requests, adhere to USPAP and applicable regulatory requirements, and preserve a rock-solid relationship with your client. If the ROV has a deadline that is unattainable, you should inform the client immediately. Confidentiality.

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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. The appraiser’s work is not to change markets, it is to reflect them.

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