Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Property Metrics

DECEMBER 10, 2021

1031 Exchange” is a colloquial reference to Section 1031 of the United States Internal Revenue Code (26 U.S.C 1031 ), which defines the conditions for tax deferral on the sale of real estate. While in the QI’s hands, the owner can use the sales proceeds for renovations on the replacement property. What is a 1031 Exchange?

Investors 36

Investors Market Value Investing Real Estate 36