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?
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
On a regular basis, I appraise homes that need some type of repair. It may be as simple as replacing an outlet, or as complicated as renovating a home. In the appraisal process, the appraiser has to estimate a cost to cure many types of repairs. Why do appraisers use the term, cost to "cure",… Continue reading How Cost To Cure Works
It's difficult to stay positive these days. Let me try to put a little smile on you with this post! It's a short one this week.