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 Info For Agents, Helpful to Home Owners

What Does It Mean To Be Neutral?

Why is it important for the appraiser to remain neutral? What kinds of situations must appraisers be careful in this regard? I discuss this in this article.

Appraising, Helpful for FSBO, Helpful Info For Agents, Helpful to Home Owners

Valuation Is Not A Guessing Game, It’s a Development Process

Have you ever wondered why an appraiser will not give you an answer about your home's value at the end of the inspection? There's a reason for that! I talk about it in this article.

Appraising, Helpful Info For Agents, Helpful to Home Owners

Does Being Located in A FEMA Flood Zone Impact Value?

Do you know if your home is in a FEMA Special Flood Hazard Area (SFHA)? Does it make a value difference? I recently appraised a home in which the lot was located in numerous flood zones.  In fact, I see this on a fairly regular basis.  The answer to the opening question regarding value is… Continue reading Does Being Located in A FEMA Flood Zone Impact Value?

Appraising, Helpful Info For Agents, 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