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appraiser in Sacramento area

Real Estate ballot recap: Arden-Arcade remains city-free and marijuana stays illegal

November 3, 2010 By Ryan Lundquist 4 Comments

Now that the first Tuesday has passed and the polls are closed, let me give a few comments about real estate-related measures and propositions on the ballot yesterday in the Sacramento area.  

Measure D: A vote on Arden-Arcade Cityhood
Residents voted very strongly against the Arden-Arcade area of Sacramento becoming a city. Based on conversations with residents and signage over the past two months, it seemed like the “no” vote was strong, but it was actually overwhelmingly strong with 76.05% of the vote against cityhood. The most recent areas in Sacramento County to become cities have been Rancho Cordova, Citrus Heights & Elk Grove, but Arden-Arcade will not join their ranks anytime soon.

A blog post on the “Stay Sacramento” website today says the following:

In a lopsided win, Measure D went down to a sounding defeat with gathering only 23% of the vote to an overwhelming 76% of voters who said no to this risky venture. It was a passionate fight on both sides but the majority vote won out to prevent another layer of government coming to our region. Today it is time to forge forward and work together to make our communities better. We hope those who supported Measure D will join us in our efforts.

Proposition 19: Legalization of Marijuana.
This proposition did not pass, so I suppose I’ll continue to see more tomato and cucumber plants in backyards of properties I inspect instead of cannabis. 58.97% of voters said “no” to the legalization of marijuana. Speaking of pot, I just looked up half-a-dozen local pot house comps for a local Realtor who recently listed a former “growing facility” in a nearby community. Would you purchase a house that was formerly used for marijuana cultivation?

Any thoughts on the propositions above or any others that you feel impact real estate?

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Filed Under: Random Stuff, Resources Tagged With: appraiser in Sacramento area, Arden-Arcade, Cityhood, Legalization of Marijuana, Measure D Sacramento, Proposition 19, Real Estate Proposition, Sacramento County, Sacramento Home Appraiser, Sacramento House Appraiser, Stay Sacramento

Past three years of sales in Rancho Murieta, CA

November 3, 2010 By Ryan Lundquist Leave a Comment

I’ve been doing some research and appraisal work in Rancho Murieta lately and figured I’d share a graph. These are all sales in both Rancho Mureita North and Rancho Murieta South over the past four years. I like Rancho Murieta. I was just emailing with a home owner this morning about foundation issues in the “South” too. What do you see in the graph below?

Let me know if you have any questions as market data is certainly fresh in my mind. Do keep me posted also if you have any real estate appraisal needs – whether estate settlement, bankruptcy, divorce, or a second opinion of value, among other reasons. It’s always a pleasure to serve local home owners.

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Filed Under: Market Trends, Resources Tagged With: appraiser in Sacramento area, Lundquist Appraisal Company, Rancho Murieta, Rancho Murieta North, Rancho Murieta Real Estate Appraiser, Rancho Murieta South, Sacramento Home Appraiser, Sacramento House Appraiser, Trend Graph of Rancho Mureita Sales

Why do foreclosures often sell for less?

November 2, 2010 By Ryan Lundquist 6 Comments

Let me give you a little tour of a South Sacramento bank-owned property. Why do foreclosures often sell for less? Beyond any stigma for being “bank-owned” and banks pricing these properties to move quickly, there is a very obvious reason why these REOs sell for less. They’re often not in very good condition – at all.

This is a very typical foreclosure scenario, so it’s no wonder why arms-length sales are usually not comparable and tend to sell for more. They’re usually in better condition and they come without a “distressed” nature.

By the way, what do you think of the bathroom. Is that mold? What is it?

My client did give me permission to share this video, by the way. If you have any questions, let me know. Give me a call at 916.595.3575, shoot me an email, or catch me on Facebook.

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Filed Under: Appraisal Stuff, Resources, Videos Tagged With: appraiser in Sacramento area, bank-owned house, Foreclosure, Lundquist Appraisal Company, reason why foreclosures sell for less, REO, Sacramento, Sacramento Home Appraiser, Sacramento House Appraiser, Sacramento Real Estate Appraiser, video tour of foreclosure property

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First off, thank you for being here. Now let's get into the fine print. The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist.

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The information on this website is meant entirely for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or any other potential real estate or non-real estate purpose. The material found on this website is meant for casual reading only and is not intended for use in a court of law or any other legal use. Ryan will not appear in court in any capacity based on any information posted here. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose or valuation consulting, please contact Ryan at 916-595-3735 for more information.

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