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Strange Properties Appraisers Have Seen

Appraisal Today

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. Going Above and Beyond with AMCs and Other Clients 5.

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Understanding Zillow’s Square Footage is Important!

Cleveland Appraisal Blog

I think if a buyer was told that the home had 2,000 square feet, they would automatically assume that it was above-ground square footage. Most buyers would not consider the basement in their minds, even though the finished basement would clearly add value and usefulness. I recently appraised a home for a divorce. That’s okay.

Appraisal 406
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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

For example, a residential property with a one-car garage in a market that expects similar homes to have a two-car garage (known as an underimprovement) or too many expensive amenities for its location (known as an overimprovement or superadequacy) is out of balance.” That is not always a simple task.

Appraisal 284
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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? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

Appraisal 354
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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

As shocking as it may be, commercial real estate appraisal reviews are required for the following reasons: The conclusion of the original CRE appraisal is in contention. The obligation to the client isn’t met. It isn’t clear who owns the appraised property. Litigation.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Free download: Are you investing in yourself and your appraisal career? Major unknowns in the coming year.

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.