Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g.

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Eppraisal

OCTOBER 23, 2023

Once the document has signatures from both parties, do the following to see the agreement through: Deposit Earnest Money Pay an earnest deposit — 3% to 5% of the selling price — to show you’re serious about the purchase. Arriving at a verbal agreement differs from being in a contract. The seller can pick a different one.

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Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

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East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value. Any quality improvements increase the appraised value.

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Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale. Provide documentation if necessary.

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AmeriMac

APRIL 30, 2024

Lenders and investors also rely on commercial appraisals to assess the value of a property before providing financing or making investment decisions. The appraisal serves as a critical factor in determining the loan amount or investment potential, ensuring that the transaction aligns with fair market value.

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D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Renovation loan assessments. What is a Home Appraisal and Why is it Important?

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AmeriMac

JANUARY 19, 2021

Next, you’ll have to provide documentation to support your claims. Highlight new and upgraded features, especially those adding value to your house. Renovating your kitchen, bathroom, or bedrooms. Be sure to include a thorough examination of how you got to a new market value and additional documentation.

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AmeriMac

APRIL 30, 2023

An appraisal provides detailed information about your home and its condition, including its interior and exterior structure, and the factors affecting its market value. Additionally, it can also give a homeowner insight on any repairs or renovations that could increase the property value before selling.

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AmeriMac

JANUARY 15, 2024

A home appraiser is a qualified professional who evaluates the value of a property. They consider various factors such as the property’s size, condition, location, and comparable sales data to determine its market value. This preparation will help the appraiser thoroughly assess the value of your home.

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The Robert Weiler Company

MAY 18, 2022

The ROI is calculated by comparing the total cost of the investment (including the initial purchase price plus any other expenses) to its current value or sale price. Though, keep in mind that commercial real estate doesn’t always sell at market value. But you can estimate your ROI based on comparable property sales.

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Realtor

JANUARY 23, 2018

Credit-rating firms usually discount BPO values when grading rent-backed bonds. Kroll Bond Rating Agency has trimmed them by about 10% and uses the lower of the reduced BPOs and the amounts spent buying and renovating the homes. We’re never taking BPOs at face value,” said Kroll’s Daniel Tegen.

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Realtor

JANUARY 23, 2018

Credit-rating firms usually discount BPO values when grading rent-backed bonds. Kroll Bond Rating Agency has trimmed them by about 10% and uses the lower of the reduced BPOs and the amounts spent buying and renovating the homes. We’re never taking BPOs at face value,” said Kroll’s Daniel Tegen.

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Realvals

JUNE 18, 2023

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

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Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Pro Tip: You don’t need to include all the property details in your Comparative Market Analysis. Select active listings comps Choose active listings near to the subject property.

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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.

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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. Signed lease documents, detailed rent roll, etc.

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Simonson Real Estate

JULY 10, 2020

Site and Building Details Title work Environmental Information Purchase Agreement Income Information Arm’s length vs. related party leases Historical Income & Expense Statements – Verify the owner’s consolidated statements match up with tax returns Signed lease documents, detailed rent roll, etc. Value Scenarios.

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Assurance Financial

DECEMBER 20, 2021

The home’s gains in market value. The cost of renovations or improvements the seller made to the house. If you sell first, you can take your time considering sales strategies and making any renovations or repairs. A home’s equity is comprised of the following elements: The original down payment.

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Lifestyle Properties of Maine

AUGUST 6, 2019

“An appraisal is a licensed appraiser's opinion of a home's market value based on comparable recent sales of homes in the neighborhood.” During their visit to the home the appraiser looks at a few key items to help make their decision on value. How Do Appraisers Price Homes?

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The Robert Weiler Company

SEPTEMBER 16, 2021

The product of the real estate valuation – the commercial appraisal report – establishes the property’s value at a specific point in time. The report is a private document owned by the client, whoever commissions the appraisal. In addition, there are four main methods for calculating a commercial real estate valuation.

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Cornerstone

AUGUST 17, 2021

percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loans secured by those properties was no more than 50 percent of their estimated market value. Home Equity Report shows: “34.4 percent in the second quarter of 2020.”

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Appraisal Today

FEBRUARY 16, 2024

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” Are you comfortable working with long narrative documents, shifting frequently from one report section to another? This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac.

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Assurance Financial

APRIL 29, 2021

The CD is a five-page document listing all the details and costs of your mortgage. FMV (Fair Market Value). A home’s fair market value or FMV is the price it would sell for under normal conditions. Home equity is the difference between the amount a person owes on their mortgage and the value of their home.

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