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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.

Appraisal 302
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Loosening The Knot

Appraisal Buzz

Of course, this applies to the work of real estate appraisal as well. 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. It is the work of a therapist and their client to carefully untie those knots.

Sellers 379
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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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How to Choose a Real Estate Appraiser

McCarthy Appraisal Blog

How to Choose a Real Estate Appraiser? An appraisal is a professional appraiser’s unbiased and impartial opinion of value based on the condition of the property, prevailing real estate prices and other factors. An independent appraisal sets a benchmark value for your real estate.

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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Unless you’re in the property valuation profession, you may not have. 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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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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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

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. When contract prices and value often differ. Questions we should ask ourselves.