Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. Highlight new and upgraded features, especially those adding value to your house. Renovating your kitchen, bathroom, or bedrooms. Constructing a basement. Hardwood floors.

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. Prospective buyers may argue that the estimate does not reflect the property’s current market value, and the property owner may state otherwise.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Simonson Real Estate

JULY 10, 2020

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. When a property has longer-term leases in place, even at market rates and terms, the interest appraised is typically leased fee. Value Scenarios.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Lifestyle Properties of Maine

AUGUST 6, 2019

What if the home doesn’t appraise for the contract value? “An appraisal is a licensed appraiser's opinion of a home's market value based on comparable recent sales of homes in the neighborhood.” What is an appraisal? Why is an appraisal necessary? How much does it cost?

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property.

Market Value 85

Market Value Agents Appraisal Bracketing 85

Appraisal Today

FEBRUARY 16, 2024

In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians. the price of the Naples compound was justified not only because of the size, location, and yacht basin, but also because it would be difficult to construct such a property again. baths, 2,973 sq.ft.,

Appraisal 79

Appraisal Contracts Training Architecture 79

The Robert Weiler Company

SEPTEMBER 16, 2021

Cost of construction and materials. Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property. Independent and not contracted with any third party, institution, or broker. Floor plans. Neighborhood and location. Recent sales of comparable properties.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147