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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Second, when searching for sales that are similar to the property being appraised, I’ve never read agent comments in the Multiple Listing Service (MLS) that state, “This home’s list price is being reduced by ten percent because the neighbors are difficult and crazy.”. Sellers want to capitalize on how much they can sell their homes for.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. Less competition when rates go up!

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Appraisals and Valuation Concerns in the Current Market

Simonson Real Estate

With respect to property types, quite clearly restaurant, retail and hotel properties have been hard hit. For reference, the all-time high was 10.34% in July 2012. As buyer expectations decrease, seller prices will also have to decrease if “normalized” real estate sales volumes are ever to be reached.

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