My Top 10 Favorite Appraisals of 2009

I’d like to take a few moments to reflect on my favorite appraisal assignments of the year. Maybe I’m jumping the gun a bit since 2009 is not quite over, but that’s okay. I won’t get specific about addresses or location because I take client confidentiality very seriously.

Top 10 Favorite Appraisal Assignments of 2009

  1. water-bill-few-easy-steps-200X200Facuets Left On:  I appraised a bank-owned property in Solano County. It was a very nice property, but unfortunately all faucets and spickets were left on (with clogged drains), so there was extensive water damage. It was unclear if the damage was done by the disgruntled home owner or a vandal.
  2. oak park kj imagery former starbucksOak Park Fixers:  This year I appraised quite a few fixer properties in the Oak Park area of Sacramento that were purchased by an investment group, re-habbed, and then re-sold on the open market to first-time home buyers. It’s nice to be a part of a project where the end result is good for the community.
  3. 008Vacant Subdivision Land in Sacramento:  Acting as a property tax consultant, I valued two parcels in Sacramento County under the supervision of an AG (Commercial Appraiser). These sites were scheduled to be finished out as a subdivision, but then the market burst and subdivision building virtually stopped.
  4. imagesCA9RGC87Spring Water & Cesspool:  I appraised a house in Placer County that was on spring water and a cesspool (as opposed to a well and septic tank). Do you think this would have an impact on market value? How much of a price discount would it take for the typical buyer to look over an atypical feature such as this to purchase the property?
  5. Dilapidated Fourplex:  This property was interesting because it had repeated damage from squatters. I had to climb through a window to inspect one of the units too, and I cut my finger on broken glass (that made me remember this property even more).
  6. fixer-property-lundquist-appraisalUpgraded Duplex:  The residential-income market in Sacramento saw a huge decline in value over recent years. All of the latest sales in this particular neighborhood were fixers. So what is a bright and shiny upgraded non-bank-owned duplex worth in a marketplace of REO fixers?
  7. city-thumbnailRancho Cordova Property:  I’ll be honest. Since my office is located in Rancho Cordova, it sure is nice to get local assignments in the same city. I don’t mind at all driving to other counties, but it’s a great thing to travel a mile from the office to take care of business. My business in Rancho Cordova definitely increased this year.  
  8. divorceDivorce Appraisals:  I do work for home owners and attorneys during a difficult time of life. It was a pleasure to provide excellent service to home owners in need this year and at least make the appraisal process smooth in the midst of a challenging situation. I grew up in a divorced home and I know it’s not an easy time of life.
  9. realtor logoPre-Listing Appraisals for Local Agent:  I am a huge fan of working with local Realtors and it was a pleasure to establish a new working relationship with a particular agent who began to rely upon my knowledge and services this year. This year I had more referral work from Realtors and that’s a wonderful thing!!! I am also really grateful to be more connected to some stellar local real estate agents on Facebook and Twitter too.
  10. imagesCA42V1MYRipon New Subdivision:  There was nothing terribly complex about this assignment, but I really felt like I did a solid job on this appraisal in Stanislaus County and my client was very happy with the end-product. It’s just one of those I remember putting in a good amount of time and really enjoying the finished product.

I appreciate all my clients and colleagues who made 2009 a fantastic year. This has been a trying year for the appraisal industry in light of HVCC, but I am grateful nonetheless for all the good things that happened this year. Thank you.

If you are a real estate agent or home owner, what was the best experience you had this year with an appraiser? If you are a real estate appraiser reading this post, what were some of your favorite assignments this year.

www.SacramentoAppraisalBlog.com My Top 10 Favorite Appraisals of 2009

Comments

  1. says

    Wow, Ryan!!! You’ve certainly had an interesting year so say the least! We have our fair share of vacant lots in my local market. And, dilapidated fourplexes as well. I can just imagine how tough your job must be in CA keeping up with the ups and downs of that market. I know of a family that purchased a home in Valencia, CA in 2005 for like $685K for only 1,900sf with no backyard. On a corporate transfer in 2009, that same family had to sell for $495K and relocated to Charlotte, NC where $350K buys a newer almost 3,500sf on a 1/2 acre lot. Thank you for sharing your 2009 with us! Bill

    • Sac Ryan says

      Bill, it’s been a wild market here in CA. I’d be curious to see trend graphs in your area of sales over the past several years to get a sense of what your market has done. Your friend’s story is sto typical. We’ve seen a huge decline in value.

      Great post, Bill. I enjoyed your “Top 10” also. Take care.

      Ryan

  2. says

    Ryan,
    Bill Cobb pointed me to this older post of yours. Great idea! I’m going to try something similar for my blog. I might do favorite of the month or something. Thanks for so many great ideas for posts.

    • says

      That’s great. Thanks to Bill. I’ll look forward to seeing what you come up with. I subscribe to your RSS, so I’m sure I’ll see something come through at some point. Thanks Tom.

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