Cleveland Appraisal Blog

MARCH 18, 2021

The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. I was told by the investors, in an email that they sent me, that since they purchased the property two months ago, they updated the kitchen and bathroom, installed new flooring, a new furnace, and a new roof.

Appraisal 195

Appraisal Investors Buyers Market Value 195

The Robert Weiler Company

OCTOBER 15, 2021

Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought! For CRE investors, the cap rate is a way to determine the property’s ROI potential.

Investing 138

Investing Real Estate Tenants Investors 138

McKissock

JANUARY 6, 2023

An assessor may contract with an independent fee appraiser to help identify property characteristics, measure properties, confirm the building’s condition and quality of construction, or review assessment disputes from taxpayers. These may be full-time jobs or contracted services.

Appraisal 74

Appraisal Training Lending Land Management 74

Empire Appraisal Group

MARCH 16, 2023

Gone were sound practices like inspections, appraisals and even contingent offers. Houses received multiple strong offers soon after a house went on the market, often going under contract within a matter of days. Even investors are shying away from the marketplace. Sellers were uniquely positioned to make out handsomely.

Sellers 78

Sellers Inventory Realtors Clients 78

Listing Spark

MARCH 19, 2024

Investors who flip houses for a living have two choices in responding to this trend: Accept lower returns: If you have cash to spare and love flipping homes, you can make do with decreased profits. You can achieve greater organization by categorizing your projects into packets of signed and in-process contracts.

Tools 36

Tools Buyers Business Tenants 36

The Robert Weiler Company

NOVEMBER 9, 2022

Also, see why Columbus is a hot spot for commercial real estate investors. Once you have finalized your Columbus, Ohio property search with a property you’re interested in, there are key areas to inspect; look for damp spots and mold, and check out the woodwork, roofing, ceilings, doors, windows, cupboards, electric, plumbing, and heating.

Transportation 78

Transportation Real Estate Supply Chain Investing 78

The Robert Weiler Company

NOVEMBER 10, 2021

For commercial real estate companies and investors, looking at wide-ranging commercial property sectors, doing so can be an overwhelming (not to mention stressful and time-consuming) experience. It’s also an idea for investors looking to live in one unit and rent the other as passive income. million pools to fit it all in.

Real Estate 78

Real Estate Retail Investing Tenants 78

The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. According to a recent report from commercial real estate development association, NAIOP , there is a lot of optimism for the industrial sector, nationally, as supply chain conditions steadily improve. Consider subleasing.

Landlords 144

Landlords Tenants Logistics Real Estate 144

McKissock

JULY 11, 2022

There are occasions when the income approach can be the primary indicator of value for residential properties, such as developments with a high percentage of homes owned by investors. In contrast, I can seldom come up with a credible reason for not doing the cost approach, unless there was no onsite inspection of the property.

Real Estate 72

Real Estate Appraisal Valuation Inspection 72

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. 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. ==. All cash and investors. No inspections or appraisals? USPAP and the Contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers.

Appraisal 52

Appraisal Architecture Business Contracts 52

Will Springer Realtor

MAY 13, 2024

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36

HOA Transportation Construction Buyers 36

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Consider getting a home inspection before putting your home on the market to identify priority projects. Coordinating this can be tricky, however. Visit the U.S.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The data is then analyzed and used to develop opinions of value. A good commercial real estate appraiser possesses sharp analytical skills, sound judgment, and strong communication.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

MAY 5, 2023

It’s not the length of the report which is of ultimate importance, it is the time necessary to develop the appraisal that is key. Many appraisers have expressed that they will never sign a report they didn’t personally inspect. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.43

Appraisal 52

Appraisal Contracts Architecture Law 52

Property Metrics

AUGUST 13, 2020

In some cases, this can result in the cash flows no longer creating an acceptable return for an investor. If corporations suddenly start allowing a large percentage of workers to engage in remote working contracts, the market demand for office space will dramatically decrease from previous forecasts. Liquidity Risk. Construction Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen.

Sellers 69

Sellers Agents Real Estate Buyers 69

Will Springer Realtor

JUNE 9, 2021

You have read here before how lumber prices have soared about 250% in the past year, prompting real concern among developers who are seeing profits dwindle. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. Asking price: $5.275M ($887/sq.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

McKissock

APRIL 25, 2023

Businesses are observing a decline in demand for their goods and services, which should result in a further contraction of the labor market in the coming months. economy could experience a contraction this year. March saw a modest decline in residential construction as developers continued to navigate a challenging housing market.

Real Estate 86

Real Estate Appraisal Contracts Construction 86

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

Renovations 292

Renovations Investing Real Estate Marketing 292