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...
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...
We all generally know that the real estate market is slowing. But that statement alone is vague. As a professional, we need to know more specifics about our market to convey to our clients. Let's take a closer look at some data. This is only one component...
In my market area, a substantial percentage of my appraisal assignments are country, acreage properties. These assignments rarely involve homes that are apples to apples comparables. I typically have to look at a variety of sales and find aspects of a property that are similar...
I have found graphing to be imperative in showing market trends and emphasizing aspects of an appraisal. I’m thankful to have learned this tool of creating custom graphs a few years ago. Many viewers of the report simply want the nuts and bolts of the...
At the start of the year, I asked 4 questions that may impact real estate going into 2017. I can't believe we are already 1/2 way through 2017 as this year has flown by. Generally, I have to admit, this year has taken me by...
When reviewing potential comparables during research appraisal process, we are fortunate to have many tools at our disposable. Not only does the MLS provide photos and detailed comments about a property, but we have 3rd party resources like google earth, etc. to help us gain...
Market Update- In a recent blog this summer, I discussed how seemingly some neighborhoods that have increased in 2016 seemed to be leveling off. As we head into fall, I've continued to notice this trend of stabilizing and/or leveling off of prices in many neighborhoods. To...