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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! I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. More blogs to come!

Appraisal 406
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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. The homeowners of one property stated that their neighbors are a nuisance. Of course, that’s not the same as market value. Is that the case?

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

Cleveland Appraisal Blog

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? That can have a big impact on market value.

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. Have a great weekend!

Appraisal 302
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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

Appraisal 284
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What Is a Reconciled Value?

Cleveland Appraisal Blog

The appraiser will determine which of the values is most appropriate and reflective of demonstrating the market value of the property being appraised. Once this happens, the appraiser will explain which approach to value was given the most weight, or consideration, and why. Lenders are not value experts.

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How to Choose a Real Estate Appraiser

McCarthy Appraisal Blog

The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. The references should be current or previous clients, and at least one should be from the community. Ask an appraiser about their education and licensing.