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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.

Appraisal 406
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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. That can have a big impact on market value. Not professional appraisers. Click here to visit their website.

Appraisal 354
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Reviving and Refreshing Your Cleveland Home, even with the Pandemic

Cleveland Appraisal Blog

I always enjoy his articles. Many modern homes feature open floor plans. If you also keep your receipts and take before and after photos, you’ll have an easier time demonstrating the value of the work, making it easier to get top dollar when you sell. Here are some links to other articles I’ve enjoyed recently!

Appraisal 195
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Be A Crack Detective

Cleveland Appraisal Blog

Perhaps the title of this article makes you think of the comic series from the 1942-1949 named the “ Crack Detective “ Well, probably not. I have shared it at the end of this article. It is impossible to know the impact on market value until we know if repairs are needed. Let’s talk about the basis.

Appraisal 233
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What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

McKissock

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.” So is the right price to pay $150,000 (market value after renovations) – $90,000 (estimated cost to cure) = $60,000?

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality.

Appraisal 223
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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. Not sure if you want to subscribe?