Appraising

Does Being Located in A FEMA Flood Zone Impact Value?

Do you know if your home is in a FEMA Special Flood Hazard Area (SFHA)? Does it make a value difference? I recently appraised a home in which the lot was located in numerous flood zones.  In fact, I see this on a fairly regular basis.  The answer to the opening question regarding value is… Continue reading Does Being Located in A FEMA Flood Zone Impact Value?

Appraising

What Makes an Appraisal Supportable?

While driving around performing appraisals, I see many runners. Some runners look like they have no real technique. Others appear to have a regimented technique to their running style. The truth is, the goal of both is simply to move from point A to point B. Right? One just appears more professional. While in running, just… Continue reading What Makes an Appraisal Supportable?

Appraising, Market Activity

What Will A Million Dollars Get You in Residential Real Estate In Cleveland?

Over 200 years ago, Moses Cleveland visited the area as part of a real estate business transaction. The Connecticut Land Company purchased a large portion of Northeast Ohio from the state of Connecticut for $1.2 million dollars. Moses Cleveland led a surveying company, that surveyed what is now called the Western Reserve, or the Western Reserve of… Continue reading What Will A Million Dollars Get You in Residential Real Estate In Cleveland?

Appraising

Don’t Be Afraid of Talking to The Appraiser!

There are many misconceptions regarding real estate agent's ability to communicate with appraisers. It feels like some agents have been taught that if they speak to or look directly at the appraiser, they might spontaneously combust! Many real estate agents have told me that they are not sure what they can discuss with the appraiser.  So, let's clear… Continue reading Don’t Be Afraid of Talking to The Appraiser!