Appraisal Buzz
OCTOBER 3, 2022
I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.
Cleveland Appraisal Blog
JANUARY 21, 2021
It is impossible to know the impact on market value until we know if repairs are needed. Because major structural repairs have a negative impact on market value, we must take this situation seriously. . My new sewer line adds huge value, right? Modernized Bias – and Opinion? NON-STRUCTURAL.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Cleveland Appraisal Blog
FEBRUARY 17, 2021
If a home needs major repairs, clearly this can have a negative impact on market value. Therefore, if a home is in need of some major repairs, it may be worth having an appraisal completed to see if the market value of the home is lower than the assessed value. What Is A Competitive Market Area?
Appraisal Today
JULY 1, 2023
Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. But what stands out are the first seven words of Fannie’s definition: “[m]arket value is the most probable price…,” (emphasis added) a definition that places value firmly on the pedestal of sales price.
Cleveland Appraisal Blog
MARCH 4, 2021
There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality.
Clear Capital
MARCH 24, 2023
An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Buying a home is not for the faint of heart, especially when inventory is so low and affordability is a challenge.
Appraisal Today
JANUARY 5, 2024
Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Excerpts: 4 Bedrooms, 4.5
Expert insights. Personalized for you.
370 
Let's personalize your content