This is an inspiring video by Gary Vaynerchuk. He is the author of the book Crush It and I think he has some good points to consider for business and the way things have changed in recent years, not to mention his encouragement to follow your passions and do what you love. Today is actually the first day of my Crush It book club too, so I am very excited. Anyway, I’m sitting here typing up an appraisal report and listening to this in the background. Yes, there is a VERY long list of potty language, but putting that aside, what do you think? What stands out to you about what this guy is saying?
A Story of Property Value from the Sales History in Tax Records: El Dorado Hills, CA
The real estate market has been an interesting ride over the past years in the Greater Sacramento Area, and the ups and downs of the market tend to show up when viewing a property’s sales history in Tax Records. I’m always curious to have a look at what houses sold for in 2005 or 2007 and what they are selling for now. I came across a house in the Serrano area of El Dorado Hills and I found the sales history below to tell a story about the market. This story could have come from mostly any area of the Sacramento Region really because in most cases there is a huge difference between property valuess in 2005 and 2010.
8/25/2005 $916,500 (original sale from builder)
6/30/2008 $735,000 (sale from original owner to new owner – not a short sale because the original owner put down $200,000+ on the original purchase).
2/04/2009 $429,500 (transfer – not a public sale – deed in lieu of foreclosure. We have seen banks exercise this option quite a bit so a property technically does not go into foreclosure).
5/27/2010 $551,000 (resale on the open market).
What do you think?
Are neighborhoods like movie theatres?
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?
Appraiser Shop Talk: Upcoming Changes from Fannie Mae
Here’s some shop talk for my fellow appraisers for some upcoming changes to appraisal standards for Fannie Mae. This is good stuff to keep in mind (even for others in the real estate industry). I’m grateful for appraisers like Bill & Tinna from REAA who are making videos like this every week. You can see their videos directly here or YouTube. You may notice a similarity to the TBWS videos too because the TBWS guys have been very generous and supportive to provide web space and video capabilities for Bill & Tinna.