Appraisal Profession, Appraising

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 Vaccines & Value Development Have Sped Up

Appraising, Happy Living, Home Repairs

The Most Important Assumption in My Appraisal Career

In the appraisal process, we make a lot of assumptions. We assume that there are no major repairs needed to a home, if there is no readily observable evidence that might suggest otherwise. Our scope of work has much to do with the assumptions that we may make.  Assumption are made on every appraisal because… Continue reading The Most Important Assumption in My Appraisal Career

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

How Cost To Cure Works

On a regular basis, I appraise homes that need some type of repair. It may be as simple as replacing an outlet, or as complicated as renovating a home. In the appraisal process, the appraiser has to estimate a cost to cure many types of repairs. Why do appraisers use the term, cost to "cure",… Continue reading How Cost To Cure Works

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