Do you have questions about terms you see in an appraisal report? Here are some definitions that may help!
Category: 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?
Shrinking Lots and Eroding Values
The great thing about land is that no matter what may happen to the structures on it, the land is always there. A structure can be torn down and a new one built. With home ownership, we usually take this for granted. However, there are locations in which this may not always be the case!… Continue reading Shrinking Lots and Eroding Values
The Value Difference Between Glancing at Data and Analyzing It
Have you ever heard of an autostereogram? It is a picture which allows some people to see a 3D image by focusing on 2D patterns. In the mid 90's these kinds of pictures were often called "Magic Eye" pictures. There were some very specific steps that a person had to take to be able to… Continue reading The Value Difference Between Glancing at Data and Analyzing It
Markets are Like Roller Coasters. Which Ride Is Northeast Ohio On? A Cedar Point or Memphis Kiddie Park Coaster?
Click Here to Download June 2018 Market Report With Charts (Updated on 07/06/2018) When our boys were small, my wife and I enjoyed taking them to the Memphis Kidde Park to ride the rides. Now that they are 10 and 16, and things have changed. They are all about Cedar Point and their world-class roller coasters. Different roller coasters… Continue reading Markets are Like Roller Coasters. Which Ride Is Northeast Ohio On? A Cedar Point or Memphis Kiddie Park Coaster?