Understanding Appraisal Comparable Guidelines: What Are Comparables? In residential appraisals, the primary method for assessing value involves analyzing comparable properties—often referred to as “comps.” These are recent sales or listings that closely resemble the subject property, usually found within the same neighborhood. The more alike these comps are, the more reliable the appraisal will be.
Same House Same Day Different Value? One of the most perplexing aspects of real estate transactions is when two appraisers provide differing valuations for the same property. As a seasoned real estate appraiser, I’ve encountered this situation often, and it’s important to understand the underlying factors that contribute to these discrepancies. Timing Matters (Effective Date
Why Do Different Appraisers Value the Same Property Differently? Read More »
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Implications for Buyers and Market Dynamics In today’s real estate landscape, the homeowner “lock-in” effect plays a pivotal role in shaping market dynamics and influencing both current homeowners and potential buyers. This phenomenon occurs when homeowners with favorable mortgage terms, such as low interest rates, are hesitant to sell their homes, fearing that they will
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Get Your Home Ready to Shine: Tips for a Top-Notch Appraisal Ready to make a big move—selling, refinancing, dividing assets, settling an estate, or just figuring out those pesky capital gains? Then it’s time to prep for an appraisal and potentially make your home’s value do a happy dance! An appraisal is your home’s moment
Appraisal Checklist for Homeowners Read More »
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Roseville, Ca August 2024 Housing Market Overall, the housing market in Roseville for August 2024 demonstrates a mix of rising inventory and fluctuating prices, with trends indicating a seller’s market despite some recent adjustments in pricing and market dynamics. The number of for sale listings was up 36.5% from one year earlier and down 6.6%
Roseville Housing Market For August Read More »
Housing Market
Don’t Make the Price Per Square Foot Mistake At Sactown Appraisals, we specialize in guiding homeowners, developers, and investors through the complex world of real estate. One crucial piece of advice we often share is the importance of not relying solely on price per square foot when determining the value of your home. While it
Why Pricing Your Home Based on Price Per Square Foot Isn’t Enough Read More »
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Timing Asset Valuations for Estate Taxes If you’re navigating asset valuations for an estate, you might be curious about the optimal timing. According to IRC Section 2032, estates have the option to elect an “alternate valuation” date, which is six months after the decedent’s date of death, under certain conditions. In fluctuating markets, the value
Advantages of Electing the Alternate Valuation Date for Estate Tax? Read More »
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July 2024 was a Seller’s market!The number of for sale listings was up 64.8% from one year earlier and up 4.8% from the previous month. The number of sold listings increased 4.7% year over year and increased 9.9% month over month. The number of under contract listings was up 8.6% compared to previous month and
Sacramento Housing Market For July Read More »
Housing Market
The annual cost of solar energy systems is decreasing, prompting many California homeowners to consider installing solar panels. With the Sacramento Metro area experiencing around 270 sunny days per year, the appeal of solar energy is heightened by its environmental benefits and potential savings on energy bills. Additionally, state incentives, tax credits, and rebates further
Do Solar Panels Increase Home Value? Read More »
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Overview of Accessory Dwelling Units (ADUs) in Single-Family Homes Accessory Dwelling Units (ADUs), sometimes referred to as “mother-in-law units” or “guest apartments,” are self-contained living spaces within a single-family home. They include their own private bathroom and kitchen and have separate exterior access. ADUs can be either attached to or detached from the main house
What are Accessory Dwelling Units? Read More »
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