Appraising, Helpful for FSBO, Helpful Info For Agents, Helpful to Homeowners, Just For Fun

AVM’s & Punxsutawney Phil’s Accuracy

On Tuesday of this week, Punxsutawney Phil saw his shadow. Therefore, we have six more weeks of winter weather, by some predictions. Somehow, I feel like six more weeks of winter is a given. Especially in Northeast Ohio. How accurate are weather predictions made by folks who try to base future weather patterns on whether… Continue reading AVM’s & Punxsutawney Phil’s Accuracy

Appraising, Helpful for FSBO, Helpful Info For Agents, Helpful to Homeowners, Home Repairs

Be A Crack Detective

Over the years, I have seen a lot of cracks. Big cracks, small cracks, long ones, and short ones. I've seen cracks of all different shapes and sizes. I should make it clear that I am not a crack expert. Before I go on, I should also make clear the type of cracks I am… Continue reading Be A Crack Detective

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

Is It Gross Living Area or Not?

Every now and then I like to write about gross living area. (GLA) There are several reasons for this. First, it is often the sole metric by which people, who are not appraisers, use to estimate the value of their home. Second, while appraisers adjust for other features of a home, gross living area is… Continue reading Is It Gross Living Area or Not?

Appraising, Cleveland Area, Helpful for FSBO, Helpful Info For Agents, Helpful to Homeowners, Market Activity

The Snowy Tree Crickets of Real Estate

What’s the weather like in your area? Are temperatures cooling or warming? Just stepping outside, it’s usually easy to feel the changes. As temperatures change, so do the behaviors of animals. Take for example, the Snowy Tree Cricket. It's an amazing little creature. As temperatures change, so do the sounds of their chirps. Check out… Continue reading The Snowy Tree Crickets of Real Estate

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