The last 2 months have been challenging in different ways for most people. As an appraiser, I’ve had to navigate through the real estate market, analyzing the data in both a pre and post COVID market. In the beginning, it was too difficult to say what, if any,...
Its hard to believe we are already near the end of February in 2020. So far this year, my assignments have consisted of a continued mix of lender (mostly VA or conventional purchases) and private work. I am getting some calls from agents and/or homeowners who are discussing...
I hope everybody is off to a great 2020 start! After some much needed time off, I feel refreshed and excited about this upcoming year. Real Estate Office Meetings: Last year, I went into some real estate offices and did Q&A at meetings. This platform was beneficial...
With Christmas and new year around the corner, I wanted to take a moment and thank all my clients this past year! Many were repeat lenders and clients but I also connected with many new realtors, homeowners and attorney firms this past year. I also...
I hope everybody impacted by the PG&E power outages are back in full swing after weeks of random outages. I know my office was impacted as well and made for some creative game planning around the outages the last few weeks. In the foothill...
In my foothill market area, some areas have long, meandering gravel/dirt roads. The roads can definitely vary in condition and appeal. Some are long and adequately maintained gravel and/or dirt. Some can be bumpy, fair to poor condition, have areas of rocks, etc. Either way,...
Lake of the Pines is a popular gated subdivision in Nevada county. 99% of the homes are detached SFRs. However, there is one street in LOP comprised of attached halfplexes/duets known as Lone Pine Drive. Every once in a while I'll receive an assignment on this street and...
Below is a recent graph configured for a recent appraisal assignment in Lake of the Pines. The subject is a true 2 BR and wanted to visually see the market of how 2 BR compared to 3 BR SFRs. This is helpful as there were...
It's a USPAP requirement to review and report the subject's 3 year sale/transfer history and the subject's 12 month listing history. This does not preclude us from analyzing the subject's transfer/sale(s) prior to the 3 years. In fact, reviewing the subject's prior sale(s) can help...
Happy New Year! I hope everybody is refreshed as the new year starts rolling. I am hearing nationally and locally more and more news that the market is slowing. While that is stating the obvious, I think its imperative to embrace the market changing and look...