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Loosening The Knot

Appraisal Buzz

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. Imperfect though our efforts may be, we must work to untie the knot of each transaction and of the real estate market as a whole.

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches.

Appraisal 302
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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

However, I have never found that an annoying neighbor really has any impact on market value. I covered this topic in my article, “Is Your Crazy Neighbor Lowering Your Home’s Value.” The Housing Market Is far From Stationary – Housin g Notes by Jonathan Mille r. An Excess of Appraisers?

Appraisal 298
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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

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. Click here to visit their website.

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Reconsideration of Value and Appraisers

Appraisal Today

For most Americans, the idea of living in a mansion falls squarely in the realm of the daydream—one perhaps indulged while watching “The Real Housewives of Beverly Hills,” or for those old enough to still hear the unmistakable enunciation of Robin Leach ringing in their ears during an episode of “Lifestyles of the Rich and Famous.”.