March 30, 2011 - Appraisal Pictures

They say a picture is worth a 1000 words. This is true for appraisals also. I had a conversation with a client the other day. She was telling me about an appraisal she received and how bad the pictures were … Continue reading

March 10, 2011 - External Factors that influence perception and values.

I was up in the Mid-City area of Los Angeles today doing an appraisal. The subject house was located close off a major east west street. I pulled a few comps from different neighborhoods. I knew the range was different … Continue reading

January 31, 2011 - Comparable Selection

  When you provide appraisers comparables, make sure that is what they are. If the subject house is 3 bedroom 2 bath, 1,600 sf in Lakewood Please don’t hand the appraiser a home that is 4+ bedrooms over 1,900 sf … Continue reading

January 25, 2011 - Current Long Beach Real Estate Market

The current Long Beach Market remains sluggish, we are still in a “Buyers Market” . The Market Action Index(MAI) is still below 30, anything below is a buyers market, anything above is a sellers market. The 90 day MAI stands … Continue reading

December 2, 2010 - Pre-FHA Appraisal Inspections

November 29, 2010 - Turn Around Times and Weekends

Turn around Times and Holidays. By Craig Wallace – Long Beach Appraiser I was logging on to appraisal port the other night, and looked at the recent survey they have up. AP does a new survey every few weeks. This … Continue reading

November 22, 2010 - Reasonable and Customary Fees for an Appraisal

Reasonable and Customary Fees for an Appraisal. By Craig Wallace, Certified Appraiser. What are Reasonable and Customary Fees for an Appraisal? That seems to be the question that many in the Real Estate Industry are trying to figure out. Prior … Continue reading

November 8, 2010 - Year to Date October Real Estate Trends in Alamitos Heights, Long Beach

The following Chart shows the Real Estate Market  year to date for October in Alamitos Heights area of Long  Beach.The Price per Square Foot ahs risen slightly, while the median sale price has declined over the past year. Oct 2010

October 17, 2010 - A note about The Foreclosure Mess, from John Mauldin’s weekly E-Letter

Gary Shilling thinks prices are likely to fall another 20%. Given what I am writing about in the next section, that is a possibility. There is certainly no demand pressure to push up housing prices. The Foreclosure Mess OK, in a … Continue reading