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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. That’s right! Let’s talk about the differences.

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Attracting More Appraisal Business

Cleveland Appraisal Blog

Appraisals are often required for divorce and marriage dissolutions, probate work, and estate and financial planning. Real estate agents also need appraisals for properties that may be more difficult to price. As an appraiser, you probably know how to create charts and visuals for appraisal reports. START A BLOG.

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

Cleveland Appraisal Blog

How does an appraiser look for evidence? When it comes to nuisance neighbors, I try to visit with real estate agents who have recently sold properties that are within close proximity to the property I am appraising, if possible. The neighbor’s property is an eye-sore. Is there merit to these claims? CRAZY NEIGHBORS.

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

Last week, a real estate agent asked me about how appraisers adjust for age. The degree of wear and tear depends much on the homeowner and how well they maintain their home. How about the mechanical systems? How long will a furnace and central a/c unit last? That is, until one takes a closer look.

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Functional Obsolescence for Appraisers

Appraisal Today

To help you better understand what it means and how to pinpoint it, we’re exploring some examples the different types of functional obsolescence, and how it can influence property values. I assume (hope) they ask local agents. I regularly tell local agents that “tandem” rooms don’t count as bedrooms.

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Unacceptable Appraisal Practices from Freddie Mac

Appraisal Today

To read more of this long blog post with many topics, click Read More Below!! To read more of this long blog post with many topics, click Read More Below!! Use of comparable sales data provided by interested parties to the transaction without verification by a disinterested party. To read more, click here. Review appraiser liability.

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Quality Adjustments for Appraisers

Appraisal Today

How reliable is that data? If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? To read more, click here My comments: The blog post has a link to Quality Ratings. I’m just fascinated with how I see pickleball fitting into real estate.