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.
They say a picture is worth a thousand words, and in this case it’s true. I noted quite a few bullet holes in the stucco of a house on a recent appraisal inspection. I’m not a big gun guy (or CSI fan), so I couldn’t tell you what type of firearm caused this damage, but I do know that holes like this are a sad commentary on reality.
Here are a couple of trend graphs below for the 95742 zip code of Rancho Cordova. This area is comprised mostly of “Anatolia“, but also consists of a development called “Sunridge”, which is not part of the Anatolia HOA.
You be the appraiser here. What do you see in the trend graphs below when looking at the past years of sales? Is there anything you notice to be different or similar when comparing the two graphs?
Past three years of sales:
Past one year of sales:
Did you know that beginning January 1, 2011, newly constructed single family homes in the State of California will need to have fire sprinklers installed? It’s true. A few days ago a story posted in the Sacramento Business Journal, but this news first broke a few months ago. According to the National Fire Sprinkler Association (yes, there is such a thing):
“The State of California has adopted building code changes that will require all new one and two-family homes and townhouses built in the state starting January 1, 2011, to be equipped with life-saving fire sprinkler systems.”
Do you think this is a good move? As a prospective home owner, would you favor a property with fire sprinklers? How much do you think this will raise the cost of a new home?
I get this question from time to time, and this appraiser in Michigan has a fantastic video to explain the difference between a “manufactured” and “modular” house. There is confusion in the real estate market about this as I constantly see “manufactured” and “modular” interchanged in MLS. They are not the same thing though. See the video below or HERE.
This video is very good and comes from Blaine Feyen. Mr. Feyen is the president of Real Value Group, a real estate appraisal firm located in Grand Rapids, Michigan. www.RealValueGroup.com.
I hope you enjoyed this resource and found it helpful for you.