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Understanding Zillow’s Square Footage is Important!

Cleveland Appraisal Blog

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. The mate on the opposing side accused me of appraising the property at a value that favored my client.

Appraisal 406
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If You’re Using Zillow Sales to Price Per Square Foot…You’ll Probably Be Low!

Cleveland Appraisal Blog

While Zillow does offer some great data, occasionally, some of my clients point out home sales that they found on Zillow, that appear to be comparable to their property. In most cases, my clients looked at sales on Zillow and were of the opinion that my opinion of their property’s market value was too high.

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Of course, that’s not the same as market value.

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Market Value: Who Says What It Is?

McKissock

On the way he needed to drop off an appraisal report to a lender client. He handed the report to his client who quickly turned to the bottom of page two, and said: “Wow Ben, I was sure this one would have come in at least $20,000 higher.” So, it’s that darned old market that determines what the market value is.

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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. You can also listen right here at Cleveland Appraisal Blog!

Appraisal 354
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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

Appraisal 302
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Is A Cubicasa Scan an Inspection?

Cleveland Appraisal Blog

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Of course, if our clients require it, then it becomes a USPAP requirement on the assignment that we perform for them.