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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches. Both require a skill.

Appraisal 302
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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

I normally don’t post more than one article per week. This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. This article was written by Leslie Fields, the Executive Director, Owner’s Counsel of America. Too many appraisers?

Appraisal 309
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28,000 Reasons to Have Your Home Measured Before You List It

Cleveland Appraisal Blog

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 418
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Why You Should Have Your Home Measured Before You List It

Cleveland Appraisal Blog

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

Appraisal 263
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How to Find a Real Estate Appraisal Mentor

McKissock

Sometimes they fear that the newcomer, once fully trained, will become a competitor. Older appraisers will often want to keep the business alive, and thus will be glad to train a successor. We all have skill sets and experience that we can market to potential mentors.” Article written by Joseph Dobrian.

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Paperless Appraisal Office?

Appraisal Today

Get trained 10. Read this article with lots of good advice! This is by far the best article I have read on going paperless. Two appraisers may be working to develop an opinion of the market value of the same property. Let’s call the appraiser’s opinion of the property’s market value the cake.

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The Cost Approach: An Underutilized Approach to Value

McKissock

Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.” The contract price on the house was $144,000…You taught me well, I can’t say enough that if you know how to use this form correctly, you can value real estate.”