Remove Book Remove Buyers Remove Contracts Remove Market Value
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Why Appraisers Don’t Depreciate Land

Cleveland Appraisal Blog

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. Books have been written on the subject. Depreciation!

Appraisal 279
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Tools To Support Appraisal Adjustments

Appraisal Today

By Tony Pistilli Excerpts: I recall receiving MLS books once a month and being thrilled that a whole new population of sales were available to be considered within the pages of each book. Each month there was a new book, but every 6 months, there was a combined book with the last 6 months of sales in one bound and printed book.

Tools 54
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4 Ways to Help Manage Client Expectations

McKissock

In fact, most clients now believe a buyer should be able to identify one of three home options, negotiate a favorable sales price, and close on that property in half an hour just like they do on TV! I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing.

Clients 87
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Just Blame the Appraiser

Hank Miller Team

Books have been written about it, master classes offered and expressions like “he could sell ice to an Eskimo” coined. Home buyers and home sellers dabble in the “persuasion” arena during the purchase process as they roll through the deal. They tend to aspirationally price, hoping to get the listing and then to find a willing buyer.

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Appraisal Reports Are Like Flipbooks

Cleveland Appraisal Blog

A flipbook is a book with a series of pictures that change slightly with the turn of each page. When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. According to Wikipedia , the oldest documented flip book appeared on March 18th, 1868.

Appraisal 342
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Appraisals – Check the Water Source!

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. When will it affect your market? The number of potential buyers will decrease as rates go up in many markets.

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The Cost Approach: An Underutilized Approach to Value

McKissock

.” Here are two quotes from that article that are still true today: “How credible do you think a current estimate of market value will be if it is based solely on three sales made to low down-payment buyers at the height of the recent feeding frenzy?” What should it be insured for?