Appraisal Profession, Appraising, Cleveland Area, Helpful for FSBO, Helpful to Homeowners, Market Activity

Who Needs Appraiser’s When One Has Cash?

Who needs an appraiser when one has cash? That's a question a good friend asked me after telling me that a home on the same street from them sold, in hours, for a much higher price than many other generally similar homes are selling for in the neighborhood. The buyers paid cash. I must admit,… Continue reading Who Needs Appraiser’s When One Has Cash?

Appraisal Profession, Appraising, Helpful for FSBO, Helpful Info For Agents, Helpful to Homeowners

What’s Your View?

When a rainbow appears, it can put a smile on our face. They are so beautiful! When one appears, you can be sure that images of one will appear on social media, as people share their beauty with others. Rainbows are artwork in the sky. For many, including me, they invoke happy feelings. Perhaps they… Continue reading What’s Your View?

Appraisal Profession, Appraising

Is This Discrimination?

As a child, many of my best friends had darker skin than mine. Fortunately, I grew up in a family whose view is that all people are equal, and that differences in race, skin color and background, are what make humans so beautiful. Sadly, there are some that do not share that view.  As a… Continue reading Is This Discrimination?

Appraisal Profession, Appraising, Helpful Info For Agents, Helpful to Home Owners, Helpful to Homeowners

How Surplus & Excess Land Work

Welcome to 2021! I hope you all are hanging in there and doing as well humanly possible. To start off the new year, I thought that I would tackle the topic of land.  It can be easy to over-simplify value because value is not always as clear cut as it appears. For example, if a… Continue reading How Surplus & Excess Land Work

Appraisal Profession, Appraising

How Vaccines & Value Development Have Sped Up

Are you concerned about the speed for which the COVID-19 vaccines are being developed? Can they be reliable even though the process has been much faster this time? It used to take years to develop a vaccine. However, as we continue to deal with the fallout from the pandemic, scientists have been working around the… Continue reading How Vaccines & Value Development Have Sped Up

Appraisal Profession, Appraising, Cleveland Area, Helpful for FSBO, Helpful Info For Agents, Helpful to Home Owners, Market Activity

Closing The Gap Between Yesterday’s Prices & Today’s Values

Real estate professionals have had a very busy year. Homes are selling, often within days, with multiple bids. This is largely due to an extended period of a shortage of home listings. This shortage has driven home prices up across the country. You can see this happening in my graph below, which reflects the relationship… Continue reading Closing The Gap Between Yesterday’s Prices & Today’s Values