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

How Depreciation Works

What is the primary reason a newly built home has a higher market value than the same home that is older? In a word, depreciation. What is depreciation? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. Physical, functional, and external obsolescence. What do they indicate and how… Continue reading How Depreciation Works

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?

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

Tips for Increasing Your Home’s Value Without Spending a Fortune

Hello! I hope that you are enjoying the warmer weather! With the spring selling season upon us, my volume of work has been very high. So, I am grateful for guest bloggers who provide me with some great articles to share with you. I hope you've been enjoying them. I have one more this week.… Continue reading Tips for Increasing Your Home’s Value Without Spending a Fortune

Appraising, Helpful Info For Agents, Helpful to Homeowners, Market Activity

The Housing Market Has Become Like the Pymatuning Spillway

If you ever get the chance to visit Pymatuning Lake in PA, which is on the boarder of Ohio and Pennsylvania, make sure to go over to the Linesville Spillway. It is an amazing site. Hundreds of Carp congregate in the spillway, battling for food. Throw a little bread in, and it's a feeding frenzy!… Continue reading The Housing Market Has Become Like the Pymatuning Spillway

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?