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Planning for a Home Renovation: A Guide

Cleveland Appraisal Blog

Flooring updates and modern landscaping can upgrade the home’s aesthetics, increasing its overall value. If you’re a real property appraiser in Ohio, check us out! Popular home renovations vary depending on individual preferences and lifestyles. You can also listen right here on the Cleveland Appraisal Blog!

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Loosening The Knot

Appraisal Buzz

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. Imperfect though our efforts may be, we must work to untie the knot of each transaction and of the real estate market as a whole.

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Ethics is Our Solution

Appraisal Buzz

I have weathered seasons marred by valuation professionals whose malfeasance adversely impacted the economy and society. The future of the valuation profession is not certain to me. Technological advances suggest we need to move toward automated valuation models that churn data through automated algorithms to produce valuations.

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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? Isn’t that all that appraisers do?

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What’s New in Appraisal Membership: June 2021

McKissock

In this job aid, we’ve compiled several recommendations shared by a hearing officer, a property assessor, and appraisers who regularly perform real property assessment appeal assignments. Job aid: Big Box Retail Valuations. This job aid provides in-depth guidance on appraising a big box retail property.

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Three Types of Commercial Real Estate Obsolescence

Property Metrics

Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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