Sacramento Appraisal Blog

Market trends and real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.

Sizzling Deals on Duplex and Fourplex Properties in Sacramento County

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The real estate market has been hot lately for investors since prices and inventory have both come down so far. I get hits everyday on my website and blog from keywords and phrases such as “duplex bank-owned properties in Sacramento”, or “residential-income units”, or “quadruplex for sale Sacramento”. People are looking to buy and the competition has been fierce lately, hasn’t it?

I figured it might be helpful to provide a list of all duplex and fourplex units for sale in Sacramento County (under $200,000). This information is based on Sacramento Area MLS. Click on the following links to open a PDF file.

Duplexes in Sacramento County under $200K as of 01-15-2010 (pdf)
4-Plexes in Sacramento County under $200K as of 01-15-2010 (pdf)

Sacramento County Duplex and Fourplex Sales 2007 to 2010 Trend Graph by Lundquist Appraisal Company

If you have any questions about the 2-4 residential-income market in the Sacramento area, let me know. I’m familiar with the local market and I do a good amount of work for a handful of local and Bay Area investors. Also, if you see a property in the files above, and you need the Listing Agent’s phone number or other information, I’d be happy to get that to you. Give me a call at 916-595-3735 or email me at ryan@lundquistcompany.com.

Reading Books to Sharpen Business Skills

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trust_agent_coverI’ve asked a few local business owner friends to read through a book called Trust Agents starting next month. So far our book readers consist of several real estate appraisers, a photographer, editor of a local online publication, real estate agent and hopefully a broker. I should mention we do have an appraiser from Georgia too who will be reading along with us (he just won’t be at the meetings in CA).

This is a low-key gathering and not a networking meeting. Like I told everyone, this is an informal get-together and a social opportunity to grow in business with other locals. The goal is to openly ponder this highly recommended book and think out loud together about the content. It should be fun, and I have a feeling we’ll learn a lot and sharpen each other’s business skills too. 

If this group goes well, maybe I’ll put together a couple more since I’ve been meaning to read Crush It and The 4-Hour Workweek. Do you have any books to suggest? Has there been a particular author who has formed your thinking for business or life? Also, if you’ve read Trust Agents, what did you think?

Pricing and Details for Bankruptcy Appraisals

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I put together an audio clip to help home owners sift through why a real estate appraisal is needed during bankruptcy, a few things the appraiser should know, and how much appraisals typically cost (two different price levels). Please click the play button below to listen. If you subscribe by RSS or email, you may need to click on the post title to hear the message online.

I work with both home owners and attorneys in ten counties throughout the Greater Sacramento Region, and I am available to help answer any questions or talk with you about your situation. Feel free to give me a call at 916-595-3735 or email ryan@lundquistcompany.com

Entertaining Tidbits from Local Real Estate Agents

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Comments in MLS can be entertaining and also telling of interesting property characteristics. Here are some gems I’ve stumbled upon recently during research that raised my eyebrows in curiosity or made me smile.

201Placer County: Water for 1/2 the Year
No well for this property. Currently using irrigation water. Water available only 6 months of year. Must use bottled drinking water.

Auburn House: Where is it?
Somewhere in the junk cars and piles of metal, there is a 1 or 2 bedroom house on a flat 3/4 acre.

Yuba City Superhero Reference
Holy Clutter Batman! This short sale has amazing potential.

Yuba City Fixer: Dog Description
Hi, this is Rosie, Mama Duke’s canine assistant. I hate to say this, but this home isn’t even fit for a dog! But look past the weeds and junk and imagine this home all repaired. I could sun myself on the deck in the huge backyard in summer and lay by the fireplace in winter. Do some fixin’ and have a nice home again. Ahemm, however, in it’s as-is condition, it’s no doggone good! Enter with care and watch your step. By the way, I didn’t create the smell!

Modesto Kitchen
Fixer upper/Handyman special…Entire kitchen missing (I’ve lost count of how many times I’ve seen this in today’s market)

Thank you Realtors and agents for a bit of humor at times, but most of all thank you for being available to talk with real estate appraisers. We rely upon your insight into the local market as well as in-depth information on properties we appraise and consider for comps. It really makes a difference when you take a few minutes to thoughtfully respond to appraiser questions.

By the way, if you are still wondering if appraisers can speak with Realtors and agents due to HVCC, please read: Can Realtors Still Talk to Appraisers After May 2009? and Talking to Appraisers in an HVCC World: Tips for Real Estate Agents

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