Appraising, 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?

Appraising

Don’t Be Afraid of Talking to The Appraiser!

There are many misconceptions regarding real estate agent's ability to communicate with appraisers. It feels like some agents have been taught that if they speak to or look directly at the appraiser, they might spontaneously combust! Many real estate agents have told me that they are not sure what they can discuss with the appraiser.  So, let's clear… Continue reading Don’t Be Afraid of Talking to The Appraiser!

Appraising

Valuations, Identification & Human Perception

When I was 20 years old, I received some specialized training on how to study fingerprints. The class started with about 20 people and by the end, only four of us graduated. Myself and two others were hired by the Denver Police Department as fingerprint examiners. Why such a low graduation rate? It's not rocket… Continue reading Valuations, Identification & Human Perception

Appraising

Are Sheds Outbuildings?

Often, when appraising homes, I see MLS listings that call a shed an out building. Ask any appraiser and they will likely say that a shed is not an outbuilding. So, are sheds outbuildings? Sometimes it's good to just get the definition from the dictionary and then go from there. According to Merriam Webster's dictionary,… Continue reading Are Sheds Outbuildings?

Appraising, Market Activity

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