Cleveland Appraisal Blog

NOVEMBER 11, 2021

I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. There are several reasons.

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Market Value Valuation Appraisal Real Estate 364

Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. Here are some links to other articles I’ve enjoyed recently! They get to choose the upgrades, the style and layout of the home. Now starts the wear and tear.

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

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.

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Real Estate Appraisal Valuation Clients 36

Property Metrics

AUGUST 13, 2020

In this article, we’ll look at eleven types of risk in commercial real estate investment. . Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations.

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Real Estate Tenants Investing Construction 53

Property Metrics

MAY 28, 2021

” If there is curable functional obsolescence, it means that the property could be renovated or upgraded in a cost efficient manner to bring the property up to modern standards. In many cases, they may have to sell the property at a loss or find other ways to deal with the erosion of value. ” Economic Obsolescence.

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Real Estate Tenants Modernization Renovations 50

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. So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area.

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Housing Market Marketing Reconsideration of Value Contracts 367

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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Real Estate Investing Retail Tenants 59

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 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. In addition, there are four main methods for calculating a commercial real estate valuation.

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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. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.”

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Appraisal Contracts Training Architecture 79

The Robert Weiler Company

MARCH 15, 2021

And if there’s a bottom of the 9 th inning push to classify the building as “historic,” renovations and demolition may be additionally hampered, making the building less attractive to future buyers. Research the specialty property appraisals of those sales and adjust to current dollar values. This approach requires research.

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Appraisal Property Appraisal Real Estate Buyers 158