Category — Resources

I wanted to share some thoughts about neighborhoods and isolation – tied together in the analogy of a movie theatre. I thought this up tonight after a bike ride and the video was shot off the cuff. View it here or below. And yes, I did shave my beard two weeks ago and I’m not quite used to it yet. 

What do you think?

Do you watch Foreclosure Radar’s videos? I like to check them out because it’s interesting to see some of their points in action in the local market trenches I work in each day. Based on the data, it seems like bad news on some levels for California in that Notice of Defaults increased and there were more pre-foreclosures last month too. But at the same time the number of properties that actually went back to the bank during June 2010 went down.

Are we out of the foreclosure woods? What do you think? What are you seeing in the market in the course of business or even in your own neighborhood?

Foreclosure Radar gives the following points (from YouTube): “Foreclosure filings were up in June after two months of decline. Foreclosure cancellations reached a record high of 21,962 in June, up 27.09% from May. The number of properties purchased by 3rd parties dropped by 23.73% since last month, but those properties bought were at the best margins in months. Fewer properties went back to the bank, down 23.73% from the prior month. Time-to-Foreclosure was flat month over month, but up 34.93% from June 2009. Time-to-Resell continued it’s slow ascent, up 5.95% for the banks and up 4.29% for 3rd parties.”

I mentioned previously that I was planning to get together a group of local business-minded people to read through the book “Crush It” by Gary Vaynerchuk, so I wanted to update you on the details. Right now there are 4 members in the group and since we can accommodate 8 or so there is still room for you to join. We’ll be meeting at Rancho Cordova City Hall in the Chamber of Commerce board room on Tuesdays in August from 2:30-4:00pm. This is not an open meeting once our capacity is reached, but I wanted to give you specifics in case the time and place work for you. Thanks Barbara for working out the meeting place.

If you are interested in being a part of this group, let me know ASAP. I’d love to see a diverse group to help foster great conversation. Call 916.595.3735 or email me at ryan@LundquistCompany.com. This is about growing in business, building relationship, and thinking through ideas together.

Would you be interested in reading through the book “Crush It” by Gary Vaynerchuk? I put together a little business book club earlier this year and I’d like to take a stab at Round 2. The main idea is that during one month local business-minded people get together at a coffee shop once a week for 60-90 minutes to talk about a few chapters of a book. This is a short commitment, but good on a few levels. It helps us bounce around ideas, grow, learn together and form stronger relationships. This book is very well liked too, so I’m looking forward to absorbing the content together.

The last book we read was Trust Agents. Depending on our meeting location, we might just do locals only (I’ll keep you posted Bryan & Tom since you guys joined last time from Georgia & Alabama). We’ll see on that point.

I don’t have set times yet, though I’m thinking we can start in later July or the beginning of August on Tuesdays or Thursdays from 2-3:30pm. Let me know if you’re interested or if a different time works for you. I’d like to meet somewhere near the Rancho Cordova area or Sacramento. The best group size will be 8 or so people – and from different types of businesses. If it turns out that August is too busy for us based on vacations and such, then we’ll just make it happen in September when things theoretically slow down.

I’m very excited to announce that I started an audio component to the Sacramento Appraisal Blog. Well, I actually began doing some “podcasts” earlier this year, but things will really be taken to a whole different level now. WordPress just announced a “Post to Voice” technology a couple of days ago where you call a number, leave a message up to an hour in length, and that message posts instantly to your blog. This should be fun and handy for quick thoughts, interviews, and even recording things like a concert or seminar.

Since I self-host all my wordpress themes, I had to break down and get a free blog at www.wordpress.com since “Post to Voice” is only available there right now. The “audio” portion is linked up throughout my “full blog” here though, so it should be easy to sync together. Check out my brand new audio blog at www.SacramentoAppraiser.wordpress.com

I already put up three posts: Why I’m starting an audio blog, New 2010 property tax assessments (days away from being announced), and Bank-owned Properties and a Sense of Entitlement.

What other ways do you think a technology like this could be used? What are the pluses and minuses of audio vs. text?

If you woke up this morning itching to see a macro glance at the real estate market in Roseville, you’re in luck. I’m doing some research in the city of Roseville and I wanted to give a glimpse into sales over the past 18 months as well as current listings.

What do you see? Does anything stand out to you? What does it look like the market has done at the high and low end?

This is a quick reminder that new property tax assessments will be coming out for Sacramento County on July 6, 2010. The Sacramento County Assessor will post them on their website here. Make sure to check out your property to ensure the Assessor has your house valued correctly. These new assessment figures should be based on the value of your property on January 1, 2010. Please let me know if you have any questions and see my property tax appeal website if you think you might be a candidate to dispute your property taxes or if you’d like us to investigate your property further (for free).

By the way, I just got word last week that the Assessor agreed to reduce property taxes by 28% for a local home owner I helped last year. That’s what I like to hear!!!

Here is some helpful information on condominiums for FHA/HUD, whether you are in the Sacramento area or elsewhere. I wrote previously about FHA condo issues here. This is straight from HUD:

Effective on Monday, June 14, 2010, all condominium inquiries, telephone and email, must be submitted to the FHA Resource Center at: (800)225-5342 or by email at info@fhaoutreach.com. The FHA Resource Center will provide responses to general inquiries received from consumers and industry partners. Responses requiring technical knowledge will be escalated to the jurisdictional Homeownership Center for review and response.

Before contacting the FHA Resource Center, it is recommended that you use
the following resources to search for answer(s) to your question(s).

1. Check to see if your question is already included in the Condo FAQs currently posted on the web here (pdf).

2. To determine if a project is on the FHA Approved List or to obtain the FHA concentration please visit this web page and input the condominium project name or the Condo ID. It is recommended that only the first few letters be entered to return a complete list. If the project is not listed it will require FHA approval.

3. FHA provides the FHA Concentration percentage information on the Condo List Screen. If the percentage is not identified or incorrect, provide documentation to the jurisdictional Homeownership Center so that the system can be updated. This information would include the first two pages of the appraisal or a letter from the HOA providing the number of units in the project.

4. What is the process for obtaining project approval? For documentation and processing requirements, please refer to ML 2009-46B and ML 2009-46A, which can be found on this website (or directly as a PDF here and here).

Good luck everyone. I hope you find what you’re looking for. Make sure to read all the information from the above links. Keep me posted if there is ever anything I can do.

This morning I enjoyed a business meeting at the Sheraton Grand in Downtown Sacramento that was largely focused on technology. This was a California Association of Realtors YPN meeting . It was nice to see a few Realtor friends, connect with some new faces, and be resourced with new Android phone apps I was not previously aware of. Check these out and let me know what you think.

Evernote: This app allows you to “create text notes, snap photos, and record audio.” It might be useful for snapping a quick photo of a business card and keeping it stored on file, a reminder to call someone, or maybe an audio note to not forget to pick up the pasta from the store on the way home.

Calendar Pad: I should have had this app already, but I never came across it. Calendar Pad is great because it syncs with my Google calendar, so I can very easily run my schedule no matter if I’m on my PC or Droid. Very nice.

COL Reminder: This app is great for remembering certain important details, whether a parking time, telephone call to make, appointment, etc… While the speaker at C.A.R. YPN was talking early this morning, I downloaded this app from the Android market and then put it into use to help me remember that my two-hour parking was going to expire at 9am. I like that I can make this app work for me by sending me a reminder anytime I want – a few minutes, an hour, or a few days from now.

Gist: I’m interested to test drive this app to see if it’ll work out for me. As explained on the app website, “You can now see complete business profiles for your contacts including updates from social networks like Facebook and Twitter, mentions in the news, and email correspondence across inboxes.” I’m not sold that this app will really fit my style, but what I do like is that if I want to keep up with what just a few friends or clients are doing on social media, I can make that happen with Gist. When you first join a social network, it’s easy to keep up, but then when you get a few hundred friends on Facebook and Twitter, it’s not too hard to lose track of certain people because they get lost in the haystack so speak. You can see a video for details.

What phone apps do you use for business and life? Have you come across any new really useful (or fun) apps lately?

If you live in the Greater Sacramento Region and you’re wondering how to lower your property taxes, you’ve come to the right place. Here is my advice though. Before you make a decision to hire someone to help you reduce your property taxes (including my tax appeal company), wait until new assessments come out to determine if there is a real savings to be had. If you live in Sacramento or Placer County, for example, the Assessor has not yet posted their latest assessments yet, so it doesn’t make much sense to dispute your taxes until you know what their assessment is going to be for 2010.

Why am I telling you this? Because I am committed to being honest with you about the property tax appeals process and how you can save money. If it looks like the Assessor has your value wrong, I am glad to partner with you to help the Assessor understand true market value. My company’s fees are very reasonable too. On the other hand, if it looks like the Assessor has your property assessed accurately, you don’t need to do a thing.

If you want me to send you an email reminder when new assessments come out, click “contact” in the upper right hand corner of my tax appeal website, and I’ll get in touch with you soon. For now, if you have any questions about appealing your property taxes, or if there is anything I can do for you, let me know. Thank you.

By the way, the Sacramento County Assessor’s Office typically publishes their new assessments in the month of May, but right now they are expecting to get this information out at the very beginning of July. You can expect Placer County to get their information out in July also.

Sacramento Region Property Tax Appeals
TEL: 916.595.3735
FAX: 916.361.1964
www.SacramentoTaxAppeals.com
info@SacramentoTaxAppeals.com

NOTE: This advice is good for a traditional “decline in value” tax appeal only (it’s not applicable to a base year appeal or calamity reassessment….).

If you have not been to the Sacramento Central Farmers Market, I highly recommend it. This weekly market takes place on Sundays between 8-12pm off of 8th and W Street near Downtown Sacramento. There are some really great deals for organic fruits, veggies and meat, especially if you go toward the end of the day. We came home with bags full of stuff yesterday for only $20.00. Other than the savings and fresh food, what I appreciate about this market is the location directly under Highway 50. Yes, it’s a bit noisy, but there is always shade, and I’m a huge fan of creative uses like this for locations that would normally not be traveled much at all. 

Does anyone shop here? What other markets do you recommend? 

FHA loans have dominated the local market in the Sacramento area lately, haven’t they? This is why many buyers and sellers are paying careful attention to FHA guidelines. I get calls all the time from concerned sellers, prospective buyers, and real estate agents about FHA compliance issues. The question is usually, “will _________ be an issue for an FHA loan?”

FHA has a very specific set of minimum requirements. If you are planning to sell your house and you think the most likely buyer is going to be using an FHA loan, then strap on your “FHA goggles” to view your property like HUD does. Or if you are purchasing a house, it’s important to be aware of condition issues that may impact qualification for an FHA loan.

What does it take for a property to meet FHA minimum guidelines? FHA is primarily concerned that everything in a house functions properly and that there are no health and safety issues. FHA continually says, “Soundness, Safety & Security” as their motto. It’s okay if there is some deferred maintenance, but if there is any issue that may pose a threat to health, safety, soundness or security, then it needs to be solved. Examples might include chipping paint, mold, missing appliances, an inoperable HVAC, a broken water heater, dangling wires, trip hazards, etc… You can see a more detailed list of specific requirements in a previous post.

Quiz Time: Now that you have just a bit of information about FHA compliance, take a look at the image below. What do you see that might pose a safety risk and be unacceptable to FHA? Comment below.

Keep me in the loop if you have any questions or if you need to hire my “FHA goggles” to help you make a decision when selling or buying a house. And don’t worry, I don’t actually wear goggles like this on inspections. You can reach me at 916.595.3735, on Facebook, or ryan@LundquistCompany.com.