As appraisers, we are constantly analyzing data trends. For the last few years, the headline has generally been "It's a Seller's Market." Simply put, the definition of seller's market is when there are more buyers than sellers and sellers have the upper hand. A seller...
Following up recent blog post about lack of recent comparables, an agent reached out to me recently with a scenario that most of us real estate professionals can relate to. The subject property is recently updated/remodeled but the last few sales are not ideal comparables....
Occasionally, when I get to the research comparable sales step in the appraisal process, I'll come across a situation where there has been no recent sales. In today's active market, this rarely occurs, but this does happen from time to time. Recently I came across...
As 2016 winds down, I'd like to take a moment to thank all my clients that I've worked with this year. This year has been one of the busiest years of my career and, greatly appreciate working with all of you. I've also continued to expand...
So what is in store for real estate in 2016? The surrounding markets were active in 2015 with prices at the very least stable if not trending upward at some point during year. Of course every local neighborhood varied in price appreciation. So, will prices...
As we enter the fall real estate season, the real estate market often shifts into a slower period. Based upon current data, the Auburn real estate market looks to remain healthy overall heading into the final two months of 2015. Here is a brief breakdown...