Cleveland Appraisal Blog

APRIL 29, 2021

Welcome to Emily Miller , who wrote this piece for the Cleveland Appraisal Blog. Tips for Increasing Your Home’s Value Without Spending a Fortune. Buying a property is not just about creating a home, it is making a long-term investment. What Home Appraisers Look For. Do you have a garage?

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Appraisal Investing Buyers Renovations 249

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? You may have noticed that there are three approaches to value. The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised.

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Development Appraisal Market Value Valuation 337

Appraisal Buzz

APRIL 29, 2024

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as well as crazy stories from appraisers and readers like you! If you want to make sure you are receiving the print version of the Appraisal Buzz magazine in your mailbox, sign up HERE.

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Clients Business Appraisal Lending 195

Cleveland Appraisal Blog

JANUARY 19, 2023

How about underimproved? What do these things indicate? 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.

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Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

JANUARY 7, 2021

I hope you all are hanging in there and doing as well humanly possible. It can be easy to over-simplify value because value is not always as clear cut as it appears. The value of something usually changes depending on its size. Clearly, the value of the second car would be diminished. That is how value works.

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Appraisal Legal Inspection Real Estate 344

Cleveland Appraisal Blog

DECEMBER 10, 2022

This week, Betty White shares some things that can decrease property value. As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grain of salt. Betty is not an appraiser.

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Appraisal Buyers Renovations Investing 298

Cleveland Appraisal Blog

DECEMBER 2, 2021

One appraiser reports a driveway to be two cars in size. It really depends on how the appraiser is looking at it. Are they reporting the width of the driveway, the depth, or how many cars can fit on the driveway? Are they reporting the width of the driveway, the depth, or how many cars can fit on the driveway?

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Appraisal Buyers Market Value Real Estate Agent 243

D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. Fritz Appraisals Inc.

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Renovations Home Value Market Value Valuation 117

Housing Wire

NOVEMBER 18, 2020

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns?

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Inspection Valuation Appraisal Technology 372

Housing Wire

JUNE 17, 2022

Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova. It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. They had a young executive team who valued fresh ideas and were not afraid to train inexperienced novices like me.

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Modernization Inventory Tools Lending 330

Appraisal Buzz

NOVEMBER 29, 2021

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) To receive this subscription directly, click here.

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Valuation Supply Chain Bracketing Appraisal 370

Appraisal Today

MAY 17, 2024

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” I quit doing adjustments a while ago. I use Excel and MLS data.

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Tools Appraisal Renovations Design 54

Appraisal Buzz

JUNE 6, 2022

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Now is your last time to sign up to receive the Appraisal Buzz Magazine for free from the Appraisal Buzz Premium Membership ! How important are the flashy upgrades of a home if the foundation fails?

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Appraisal Clients Appraisal Process Inspection 221

Cleveland Appraisal Blog

JUNE 7, 2022

This week I will be traveling to Columbus for the annual Ohio Coalition of Appraisal Professionals summer seminar. I’m looking forward to a little networking and catching up with my appraisal friends. This week, she tackles the topic of creating a home office on a budget. Do Some Soundproofing.

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Decorating Appraisal Real Estate Design 195

Realtor

OCTOBER 16, 2023

Getty Images While buying a home has always been a challenging milestone, today’s high interest rates have made this dream even harder to achieve. Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today.

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Mortgage Real Estate Agent Real Estate Buyers 190

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.

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Appraisal Appraisal Process Renovations Market Value 79

Empire Appraisal Group

DECEMBER 3, 2021

Study: ADUs Can Add 35% to Home’s Value. ADUs are growing at a rate of 9% or 100,000 per year, according to a new analysis by Porch.com, a home improvement site. In the largest cities, a home with an ADU is priced 35% higher, on average, than a home without one, according to Porch.com. . as of 2019.

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Home Improvement Law Inventory Appraisal 78

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions. As the property size increases, the incremental increase in value tends to diminish.

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Real Estate Agent Law Real Estate Bracketing 84

DW Slater Company

JANUARY 12, 2022

It seems that we don’t really hear much about “New Year’s Resolutions” anymore. I “resolve” to do this or not do that and of course, that resolve can only go so far and we just feel like we failed. As appraisers, what are some of our goals? Mckissock put out a great survey of appraiser industry goals.

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Appraisal Real Estate Home Value Clients 160

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Appraisal HOA Easement Valuation 126

Chicagoland Appraisal Blog

JANUARY 21, 2020

Chicagoland Appraisals had the privilege to be featured on Redfin amongst other top appraisal companies across America to give the best way to build home equity in America. Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. A saltwater pool?

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Real Estate Appraisal Home Value Real Estate Agent 78

Raleigh Realty

APRIL 24, 2022

Sustainable Renovations for Every Room Whether you buy an older home or a new construction home, there are most likely modifications and renovations you can do to make your new house more eco-friendly. Where do you even start, though?

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Renovations Modernization Inspection Construction 144

PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely. It depends.

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Home Improvement Renovations Investing Inspection 36

Appraisal Partners Blog

FEBRUARY 4, 2020

How to Build Equity in Your Home. Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

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Real Estate Appraisal Home Value Real Estate Agent 60

East Coast Appraisal

JUNE 7, 2021

If you're thinking about selling your home, you probably want to know what it's really worth. The best way to do this is with an appraisal. During an appraisal, your home is inspected and photographed to determine the current market value. What Does an Appraiser Look For?

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Appraisal Process Appraisal Home Value Modernization 52

Birmingham Appraisal

AUGUST 3, 2022

Appraisers Research and Analyze The Market. It’s an appraiser’s job to mimic what a detective might do when they are researching information to help them understand the facts of a case so we tend to ask a lot of questions. The more we know about these features the more we can understand their effect on value.

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Agents Appraisal Buyers Sellers 81

Genworth MI Blog

FEBRUARY 18, 2021

Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will worn carpeting hurt my value? Will the appraiser look in my closets? Should I follow the appraiser and point things out?

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Inspection Appraisal Real Estate Loan Officers 148

D Fritz Appraisals

MARCH 7, 2019

Doing These Eight Things Will Help Increase Your Home’s Appraised Value. Looking for ways to increase the appraised value of your home? There are many things you can do to boost its overall value. This information will help you impress the appraiser as well as prospective buyers.

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Renovations Appraisal Real Estate Agent Buyers 78

The Robert Weiler Company

MAY 18, 2022

When selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. A study performed by the Florida Nursery Growers and Landscape Association found that something as simple as landscaping has the potential to increase the resale value of a property by 14 percent.

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Real Estate Tenants Retail Investing 148

AmeriMac

NOVEMBER 30, 2022

When you have a home appraisal coming up for your property, it’s important to have it valued as high as you can. If you get an offer for the home, but the home appraisal comes in at less than offered, the deal may be off. get it done before the appraisal visit. Add to Your Curb Appeal.

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Appraisal Inspection Decorating Home Value 36

Realtor

AUGUST 24, 2017

SolisImages/iStock Determining a price for your home can be stressful, especially if you don’t know how to prepare for an appraisal. If the home’s appraised value is too far from the listing price, it can make or break the deal. Catch up on your home maintenance. Develop a critical eye.

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Appraisal Real Estate Agent Real Estate Agents 78

Realtor

AUGUST 24, 2017

SolisImages/iStock Determining a price for your home can be stressful, especially if you don’t know how to prepare for an appraisal. If the home’s appraised value is too far from the listing price, it can make or break the deal. Catch up on your home maintenance. Develop a critical eye.

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Appraisal Real Estate Agent Real Estate Agents 78

AmeriMac

APRIL 30, 2024

Commercial real estate appraisals are an integral part of buying or selling commercial properties. These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area.

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Appraisal Appraisal Process Valuation Real Estate 36

Listing Spark

FEBRUARY 9, 2023

Whether you are selling your home or refinancing, it’s likely that the success of the transaction will rely on a home appraisal. Appraisals are an essential part of pricing and can be instrumental in helping you get the best sale price for your home when used properly. What is a home appraisal?

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Appraisal Sellers Market Value Contracts 36

Town & Country Residential Appraisals

APRIL 24, 2023

So, how much is this 2.5-acre How much was it worth after the fire? Do structures always add value to a property? Even in those areas, they may know of “brownfields,” or areas that have been contaminated. Built in 1905, the Belvedere sat directly across from the West Apollo rail stop.

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Training Business Valuation Insurance 50

Lamacchia Realty

AUGUST 12, 2021

Whether you’re planning on living in your fixer-upper once the project is complete or are interested in flipping and selling, the process of purchasing a fixer-upper is a little different than the traditional home buying process. What is a Fixer-Upper? This will help you prioritize the budgets and timeline for each project.

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Renovations Finance Inspection Buyers 69