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Sacramento Real Estate Appraiser

A radio interview with a Sacramento appraiser on Money 105.5 FM

May 22, 2014 By Ryan Lundquist 4 Comments

Money 105.5 in Sacramento - Interview with AppraiserI did a radio interview last week on Money 105.5 FM in Sacramento, so I wanted to share. My part of the interview is a good 30 or so minutes, so it’s perfect for some background noise while working. They asked me about how I became an appraiser, blogging, how I recovered after nearly all my clients went out of business after the real estate bust in 2005, market trends in Sacramento, overbuilt homes, low appraisals, etc… The entire interview is contained below, but my segment starts at 10:18, which is where the video will start when you push the play button. Thank you Antonio Lopez of Summit Funding for the invite. Listen below (or here). Enjoy.

Thanks for listening.

Radio interview with Antonio Lopez Ryan Lundquist Carolyn Ewing

CHALKBOARD GIVEAWAY: Remember there are just a few days left in my repurposed real estate sign giveaway. All you need to do to enter is leave a comment on this post or share the post online.

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Filed Under: Videos Tagged With: Antonio Lopez, appraiser in Sacramento, Carolyn Ewing, home appraisers, house appraisers, Money 105.5, radio interview, Sacramento, Sacramento Real Estate Appraiser

Can appraisers use listings too or just sales?

September 9, 2013 By Ryan Lundquist 6 Comments

One of the biggest complaints I hear and read about is that appraisers are only using the most recent sales instead of current listings. The thought is since the market is increasing, appraisers end up low-balling every appraisal because they don’t really (or cannot) use listings. Is that how it works?

listings vs sales in appraisals - by sacramento appraisal blog

Listings Show the Direction of the Market: First off, listings are important for any real estate market because they can help illustrate the trend of values. When listings are lower than the most recent sales, it probably indicates the market is declining, while higher listings show the market is likely increasing. If listings are priced similarly to recent sales, it shows values are probably stable. This is a basic real estate principle, but let’s be honest that sometimes appraisers clearly misinterpret this phenomenon. At the same time there are also many cases where properties are simply priced too high for the market. Maybe the owner or agent was too aggressive or didn’t pay close enough attention to neighborhood trends. Or maybe an investor picked the wrong “comps” when trying to flip a house. I’m not looking for a pity party for appraisers who got it wrong by any means, but let’s be realistic about other parties missing the market by incorrectly pricing a listing.

A Date of Sale Adjustment: Contrary to some opinions out there about appraisers NOT being able to consider listings, appraisers have what is called a Date of Sale adjustment which allows them to adjust for any value difference that has occurred since the comparable sales went into contract. For instance, if all listings are higher than the most recent sales and other metrics also show the market is increasing, appraisers can give an adjustment to each comparable based on how much the market has increased since the CONTRACT DATE (not the close of escrow) for each respective comparable sale. In short, it is a myth in real estate to believe appraisers cannot use current listings in a valuation. That’s simply not true.

date-of-sale-adjustment-by-Sacramento-Appraisal-Blog-2

Of course the real question is whether appraisers are giving these adjustments or not. This one “Date of Sale” adjustment or lack thereof can be the X-factor in an appraisal being accurate or not. If you feel the appraiser did not give an adjustment, you should dispute the appraisal and ask the appraiser in writing to explain why this adjustment was not given. You may want to ask why a Date of Sale adjustment was not given to comparable sales when listings seem to be priced higher. While you’re at it, make sure to review the appraisal and look for the most important things that really impact value.

Question: Any questions, stories or thoughts to share? Feel free to comment below.

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Filed Under: Appraisal Stuff Tagged With: appraisal methodology, challenge bad appraisal, do appraisers use listings in the value, do appraisers use only sales, Home Appraiser, House Appraiser, market trends in Sacramento, overpriced listings, real estate appraisal methodology, Sacramento Real Estate Appraiser, sales and listings

I’m a 40 under 40 nominee

November 5, 2012 By Ryan Lundquist 4 Comments

Sacramento Business Journal 40 under 40 LogoI wanted to share some exciting news. I am a nominee for the Sacramento Business Journal’s “40 under 40” award where they recognize 40 business leaders younger than 40. I know you’re shocked I’m under 40 because of how “distinguished” (gray) my beard is, but I’m not far from the 40 club. In all seriousness, it’s a real honor to be listed among such tremendous business leaders in the Sacramento area, and to have made the cut to the top 100 list. Best wishes to everyone as the final 40 are selected in December. You can read more about 40 under 40 and nominees here.

If you have any questions or Sacramento home appraisal or property tax appeal needs, let’s connect by phone 916-595-3735, email, Twitter, subscribe to posts by email (or RSS) or “like” my page on Facebook

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Filed Under: Random Stuff Tagged With: 40 under 40, Home Appraiser, House Appraiser, Lundquist Appraisal Company, Sacramento Business Journal, Sacramento Real Estate Appraiser

What’s wrong with this house?

August 23, 2012 By Ryan Lundquist 28 Comments

Put your real estate thinking cap on and tell me what’s wrong with this house below. Take a look at two photos from the street and an aerial image from Google Maps. What story might a house like this tell? What marketing challenges would this property face? I’d love to hear your thoughts in the comments below.

Win a $5 Starbucks Card: I see a particular issue with this house, and I’ll email a $5 Starbucks gift card to the first person to mention it in the comments below.

garage door installation gone wrong - Sacramento Appraisal Blog

A closer look at the garage - Sacramento Appraisal Blog

House with issues - Sacramento Appraisal Blog

If you have any questions or Sacramento area real estate appraisal or property tax appeal needs, contact me by phone 916-595-3735, email, Twitter, subscribe to posts by email or “like” my page on Facebook

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Filed Under: Photos from the Field, Random Stuff Tagged With: daamge to house, deferred maintenance, Fixer House, Fixer Upper, Home Appraiser, house appriaser, messed-up house, photos of damaged house, photos of house with issues, real estate blog, Sacramento Fixer, Sacramento Real Estate Appraiser

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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.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

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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