Cleveland Appraisal Blog

AUGUST 20, 2021

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. .

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Housing Wire

AUGUST 3, 2023

In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. It is trained on text data and learns to identify patterns from that data to generate human-like text responses. The good news is that the early adopters will thrive.

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DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. Appraisers are highly educated and well-trained. We must look at the market analysis and where we are coming from. This is a good opportunity to educate them!

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Appraisal Appraisal Process Buyers Legal 158

Boston Appraisal

OCTOBER 8, 2022

This article will examine the associated risks of hybrid appraisal products and why one might want to avoid them. They are not required to complete any appraisal education, nor are they trained in the same manner an appraiser is. Trainees are required to complete extensive appraisal education and field training.

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Clear Capital

MARCH 1, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release. “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

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Boston Appraisal

OCTOBER 8, 2022

This article will examine the associated risks of hybrid appraisal products and why one might want to avoid them. They are not required to complete any appraisal education, nor are they trained in the same manner an appraiser is. Trainees are required to complete extensive appraisal education and field training.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. Appraisers are highly educated and well-trained. We must look at the market analysis and where we are coming from. This is a good opportunity to educate them!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. An appraisal is an unbiased valuation of the fair market value of a home. Appraisers are highly educated and well-trained. We must look at the market analysis and where we are coming from. This is a good opportunity to educate them!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

McKissock

JULY 11, 2022

Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.” If you feel you need some guidance, there are books and courses that include training on the cost approach, and on estimating depreciation.

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Boston Appraisal

OCTOBER 8, 2022

This article will examine the associated risks of hybrid appraisal products and why one might want to avoid them. They are not required to complete any appraisal education, nor are they trained in the same manner an appraiser is. Trainees are required to complete extensive appraisal education and field training.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

CP Home Appraisals

AUGUST 27, 2018

The bulk of the appraiser’s work is focused on market analysis to decide market value based on “assumed” condition of the house. ” Furthermore, having a home inspection report ready for your appraisal will help them accurately value the property without having to “guess” at the overall condition.

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Genworth MI Blog

JULY 13, 2023

On the other hand, they’re important for buyers because they may identify physical concerns that either require more qualified inspections or repair and confirm that they are paying the fair market value. In order to help your borrowers navigate the market and the homebuying process, preparedness and proactivity are key!

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Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. They are trained to catch things that most people might miss. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. What about paying more than market value due to being in a bidding war?

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Buyers Property Taxes Inspection Market Value 243

McKissock

DECEMBER 21, 2021

A little bit of friendly competition encourages bidders to commit to properties they love, which increases the chances of your home selling at market value or above. Learn more ways to think outside-the-box with your marketing at one of the Institute’s online or in-person training sessions. Stage it professionally.

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Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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McKissock

OCTOBER 29, 2021

” “Look at [your supervisor’s] previous reports to study the appraisal line by line to understand the analysis of the report to arrive at a final market value.” ” “Find yourself a good mentor who will train you properly, follow the law, and research, research, research.

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Rowe Appraisal Group

MAY 6, 2020

The Starbucks coffee analogy he employs is such a great illustration and I highly recommend checking his article out here ( [link] ) The surprising thing Ryan pointed out, though, is that we often ignore these economies of scale when we make assumptions about the price per square foot of residential property.

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Rowe Appraisal Group

MAY 6, 2020

The Starbucks coffee analogy he employs is such a great illustration and I highly recommend checking his article out here ( [link] ). Price per square foot can sometimes be a good indicator or at least a piece of the market value puzzle, but will usually not tell the whole story. All which basically brings us back to point #1.

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Real Estate Construction Architecture Realtors 36

Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. This is one of the best short articles on residential to commercial.

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Property Metrics

MAY 28, 2021

For example, if a multifamily developer purchased a property and renovated it with luxury finishes in a market that cannot support them, the property could be considered “superadequate.” ” Economic Obsolescence. For this reason, it is important to consider each of the above types prior to purchasing a property.

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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. For more information on how CPAs utilize appraisals, you can read our article ‘ How Real Estate Appraisals Empower CPAs ’.

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Appraisal Property Appraisal Legal Inspection 78

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 76

McKissock

JUNE 8, 2021

She threatened to turn me in to the State because she said: “It’s against the law for two different appraisers to have different value opinions.” Because there’s no correct answer in appraising. The Employee Relocation Council (ERC) knows there’s no correct answer in appraising.

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McKissock

DECEMBER 20, 2021

But while having so much accessible information can be a blessing, it can just as well prove to be a curse without the direction of a professionally trained real estate agent. A professional real estate agent can assist online home buyers with accurate appraisals of properties that may otherwise be listed above market value.

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Appraisal Today

APRIL 2, 2023

As we get closer to the implementation date, we’ll provide links to training opportunities, so check back often to make sure you’re on track. I have seen articles from all over the world about groups living in caves in the distant past. To read many practical tips, click here My comments: Worth reading.

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Contracts Appraisal HOA Architecture 52

Appraisal Today

SEPTEMBER 9, 2022

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” If this article helped you understand Estate appraisal liability from an Expert, it is worth the subscription price! So they are paying investment value, not market value.

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Housing Wire

OCTOBER 17, 2023

A July 2022 article in The New York Times traces how one man’s New York city real estate empire was allegedly built through a practice called deed theft, often targeting homeowners facing foreclosure. These institutional buyers purchased pre-foreclosure properties for 30% below estimated after-repair market value on average.

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