Cleveland Appraisal Blog

MAY 26, 2023

Because in both instances, they first had their homes valued by real estate agents, not appraisers. The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised.

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Appraisal Real Estate Agent Real Estate Agents 302

Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. What can you do in that situation?

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Appraisal Marketing Realtors Real Estate 78

Appraisal Today

JUNE 23, 2023

Unfortunately, some times they are just updates of books initially published many years ago that rehash 50-plus-year-old appraisal theories and techniques. To read more about this book, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. The average contract interest rate for 5/1 ARMs increased to 6.09

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Appraisal Real Estate Valuation Contracts 85

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” I have included some of the articles below. No one did.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

APRIL 14, 2023

Like Goldilocks, appraisers are finding lumpy and watery porridge in search of porridge (Comparable sales) that are “just right” Market conditions, then, require the appraiser to place more emphasis on the adjustment process as more comparable sales differ in material ways from the property being appraised.

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Appraisal Bracketing Contracts Valuation 52

Housing Wire

MAY 27, 2022

Fannie Mae’s “Appraising the Appraisal” study comparing appraisals to automated valuation model (AVM) data for refinance transactions found that Black borrowers received slightly lower appraisal values relative to AVMs, while white borrowers received slightly higher appraisals.

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Appraisal Valuation Technology Modernization 393