Cleveland Appraisal Blog

JANUARY 19, 2023

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

Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

MAY 9, 2024

There is still strong buyer demand. Yet another sign of high buyer demand. While inventory levels are still low, at around a month and a half of inventory, in some smaller market areas in Cuyahoga County, and surrounding counties, I am seeing inventory levels increase rapidly in the past month.

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Inventory Appraisal Real Property Property Appraisal 344

Appraisal Today

SEPTEMBER 22, 2023

For example, I’m appraising a Victorian built before 1910. Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. No appraisal required on those!

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Appraisal Training Inspection Real Estate 89

McKissock

DECEMBER 28, 2021

“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. Mortgage rates are expected to rise, but still remain attractive and reasonable. Major unknowns in the coming year.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96