Like most aspects of an appraisal, things seem easy. That is, until one takes a closer look. Age is a good example. It seems logical to think that a newer home is more valuable than an older home. However, that's not always the case. Last week, a real estate agent asked me about how appraisers… Continue reading When & How do Appraiser’s Adjust for Age?
As January rolls around each year, homeowners begin receiving their property tax bills. That's why my tax appeal work often picks this time of the year. It should be no surprise that assessed home and land values are increasing. Property values have been increasing in many areas for years, with 2020 being a record year… Continue reading Things To Remember About Tax Appeals
On Tuesday of this week, Punxsutawney Phil saw his shadow. Therefore, we have six more weeks of winter weather, by some predictions. Somehow, I feel like six more weeks of winter is a given. Especially in Northeast Ohio. How accurate are weather predictions made by folks who try to base future weather patterns on whether… Continue reading AVM’s & Punxsutawney Phil’s Accuracy
Over the years, I have seen a lot of cracks. Big cracks, small cracks, long ones, and short ones. I've seen cracks of all different shapes and sizes. I should make it clear that I am not a crack expert. Before I go on, I should also make clear the type of cracks I am… Continue reading Be A Crack Detective
Welcome to 2021! I hope you all are hanging in there and doing as well humanly possible. To start off the new year, I thought that I would tackle the topic of land. It can be easy to over-simplify value because value is not always as clear cut as it appears. For example, if a… Continue reading How Surplus & Excess Land Work