When does an appraiser need to possess geographic competency?
Category: Appraising
When Is It Not Okay to Use a Sale Within a Mile?
Sometimes I am asked, when searching for comparable sales, do appraisers have to stay within a mile of the property being appraised? The answer is that it depends. By the way, that's the typical response that an appraiser will give you when asked a question about appraising. And rightly so. There are may things that… Continue reading When Is It Not Okay to Use a Sale Within a Mile?
Famous People From the Cleveland Area
For my last blog of the year, I thought I would take a break from talking about appraising. There are a lot of famous people from the Cleveland and Northeast Ohio area that you might not realize. Yes, Cleveland rocks! I thought this would be fun way to end the year. Since this is an… Continue reading Famous People From the Cleveland Area
Appraisal Terms
Do you have questions about terms you see in an appraisal report? Here are some definitions that may help!
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?