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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. That’s right!

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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? That can have a big impact on market value.

Appraisal 354
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Three Types of Commercial Real Estate Obsolescence

Property Metrics

One of the unique challenges of commercial real estate investment is that markets, types of property , return expectations, and physical environments are in a constant state of change. The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of.

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Let The Nurse Take Your Temperature

Town & Country Residential Appraisals

Real estate brokers have real estate sales persons. Real estate appraiser requirements have significantly advanced over the past few decades with increasing educational requirements and a few revisions to the experience process. Plumbers have apprentices. Professors have graduate students.

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Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

As a result, the real estate industry is progressively adopting ecology-minded trends, resulting in the gradual emergence of green buildings (both commercial and residential) across the country. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. Richardson, a real estate agent, attorney, and co-founder of Richardson, Ober, DeNichilo.

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Reconsideration of Value and Appraisers

Appraisal Today

The appraiser must now reconcile these three values into one final opinion of value. b) reconcile the applicability and relevance of the approaches, methods and techniques used to arrive at the value conclusion(s). As usual, in a real estate appraiser’s life, USPAP is always important. USPAP – What’s Important Now?