When valuing real property, appraisers must consider characteristics the typical buyer expects a property to offer. In this article I discuss how the same home could be considered to be overimproved or underimproved depending on what prospective buyers are looking for.
Category: Appraising
All the Tips You Need to Make Moving to a New State Much Easier
Are you planning on moving to another State? This article shares some tips and resources that may help make your move easier.
The Cleveland Area Housing Market Was Skating Along… And Then This Happened
Cleveland's hot housing market has cooled significantly. What does the housing market look like currently? I talk about it in this article.
What to Expect Undertaking These 4 Common Home Projects
Are you planning on taking on a renovation project? This article discusses four common renovation projects and things to consider.
Surprising Things That Can Decrease Property Value
Selling your home? This article provides some things that might decrease the value of your home.
Attracting More Appraisal Business
https://open.spotify.com/episode/3wtSRjvsqLDN6PapZBGtW5 Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. So what can we do? Half my work is non-lending work, and that’s been a blessing. Mortgage lending work is… Continue reading Attracting More Appraisal Business
7 Ways to Prepare for a Home Appraisal
Are you anticipating having your home appraised? How can you prepare for the inspection? This article discusses some things a homeowner can do to prepare for the appraisal inspection.