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Loosening The Knot

Appraisal Buzz

Of course, this applies to the work of real estate appraisal as well. The transaction is a complex interplay between buyer and seller. Striving to look through the microscope of empirical thought, we must not forget that our subject is more than real property, it is real people.

Sellers 379
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Understanding Zillow’s Square Footage is Important!

Cleveland Appraisal 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. The mate on the opposing side accused me of appraising the property at a value that favored my client.

Appraisal 410
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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. In a vacant lot or seller impersonation scam, public records are searched to identify real estate that is free of mortgage or other liens, as well as the identity of the property owner. billion, up from $6.9

Sellers 381
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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Unless you’re in the property valuation profession, you may not have. 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 289
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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 358
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Arm’s Length or Another Type of Sale? The 7 Sale Types Explained

McKissock

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Estate sale. Estate sale. Relocation sale.