Below are some common questions asked surrounding obtaining a real estate appraisal. 1) What does having an appraisal mean? It means hiring a professional licensed appraiser that is giving an independent, unbiased assessment of a property’s fair market value. 2) What is the purpose of an appraisal? The purpose...
I recently completed an appraisal in the Citrus Heights 95610 zip code. Below are a few graphs. With the announcement of interest rate cuts, it will be interesting to see how the market responds as we head into Fall. This graph shows the CDOM (Cumulative Days...
What impact do busy roads have on properties?The honest answer is I've seen varying impacts on value.Sometimes the reaction is significant while other times it is minimal.Why? The reasons can vary such as how loud the traffic noise is? Can you hear the noise inside...
With higher interest rates settling in, I was curious what the spring market would bring. We saw a few factors align which provided a general balanced market for both buyers and sellers. Buyers who were comfortable with higher interest rates and mortgage payment based upon the...
Since my last official blog post, the market has dramatically changed in 2022 as we all know. Rather than recap the 2022 real estate news that is consuming us daily, I wanted to send a quick update of my observations based on my work flow. Lender...
What a wild 2021 it has been! I apologize for the lack of blogs the last few months. It’s a good problem, but all my focus has been on keeping up with work demand! I wanted to however give a quick update. It has been...
As 2020 winds down, I wanted to take a moment and wish everybody a Merry Christmas and Happy New Year! Many of you are repeat lenders and clients but I also connected with new lenders, realtors, homeowners and law firms this past year. I also...
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,...
This past two weeks has been a whirlwind to say the least. Early on, it was simply at times a shock and overwhelming as the corona virus pandemic news became a reality. As we’ve settled into our new environment, I’ve been impressed by the resolve of so many...
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...