Are all golf course lots the same?
This past weekend I was golfing . Being in real estate my entire adult career I am always looking at real estate. I imagine I look at properties a little differently than most people, being an appraiser. I typically comment to my playing partners the reason a Phoenix Appraiser is needed, need to promote the profession. It is no more apparent than when compensating for a subject site, good or bad.
In the case of a view lot much of the descriptions the public gets regarding a home is positive attributes as a good agent is doing their job of marketing a home for the seller. Golf course lots among others can be a little tricky. There are San Diego golf course lots of all types. Some view an expansive panoramic of the 18th green with adjacent pond and sand bunkers. Others view a cart path and tee box and still others, as seen in the provided picture, have no view.
The Phoenix Appraiser is an unbiased professional that takes these items seriously and will account for these differences providing their client with an accurate depiction of the site and its associated view. Then taking it a step further and comparing it to other similar sites however having differing views. The appraiser has to determine what a willing an able buyer would pay for this site over and above a similar sized lot with or without a view. While appraising is not an exact science and there is not perfect formula to apply the appraiser does what an appraiser does, research. This is comparing all kinds of sales data from the subject market and if needed competing market. Calling agents that are active in the market and surveying is also another great source. After compiling all this data adjustments are made.
If you have any further questions on the appraisal process or need a San Diego or Phoenix appraisal give us a call at 888-595-0188.
www.SunPointAppraisals.com
3 Top Ideas to sell home
You are selling your home in the market the nicest weather in all of the United States. What could possibly be the reason you have not sold or maybe not even getting any activity?
Being in the real estate industry for over 20 years I find while the economy and pulse of the real estate market fluctuates there are a few major factors you need to make sure you have dialed in to beat your competition.
Clean and organize
Is your home like a model home in a new community? Sure your home may not be a brand new home with all the latest bells and whistles however you need to make it immaculate. Declutter your San Diego home from the walls, rooms, closets, and garage.
Landscape and Curb Appeal
When prospective buyers drive by your home is the landscape looking manicured and healthy? The plant life should be in good shape. Trim out any overgrown plants and clean the walkways. A fresh coat of paint may be in order as well. While painting is not cheap a fresh coat of a neutral color may be the facelift your San Diego home needs. Lets face it painting and landscape may be one of the easiest do it yourself enhancements you can handle on your own.
Appraisal of your Phoenix home
While the Phoenix home market has been very hot over the past few years be careful not to be too aggressive in pricing. The absolute most important piece of the selling puzzle is the pricing. For a few hundred dollars you can have an appraiser out and get yourself an unbiased 3rd party opinion of value. Not only that but the appraiser is going to be able to verify the home is marketed at the appropriate square footage and point out some marketing features you may not have considered. The Phoenix appraiser may also be able to let you know some issues which may arise when that buyer does come through with an offer. In a hot market the appraisal will get you the realistic number so you do not get tempted to chase every crazy offer that comes in which ultimately cannot obtain financing as the Lender’s appraisal may not support the amount needed for funding. Putting you right back on the market and maybe at a point when there is now more competition or less desirable market conditions to deal with.
While these three basic ideas are not new they are the most important. Get them all right at the beginning and you definitely have yourself setup for success.
Call us if you need any questions answered at 888-595-0188.
We are ready when you are….
What does a Realtor do?
So many people I talk to think a Realtor just puts a sign on your property and lists in the local mls.
While this is part of it as a "salesperson" they are looking for a successful closing. This is not as easy as one would think. While there are several transactions that run smoothly many items are out of ones control and need management.
Many times the real work begins once a purchase contract is signed. Home inspections, termite inspections, appraisals, loan approvals ect are just some of the remaining obstacles. Many times these items create additional issues and subsequent negotiation. These issues you can add to additional delays and times for moving, closing, funds moving from sale to purchase of new home all get shifted.
Selling a home is an emotional family event and many times the human element of an agent on your side should not be overlooked. More and more tech/investor companies have gotten into the business promoting benefits of no showing and quick close. If considering any of these look at their fees, no much if any savings, and may not be getting you the best price the market would bare.
Get yourself a good Realtor and Appraiser. An appraiser hired prior to listing ensures you are pricing your home correctly and leaves the marketing to the Realtor. Price too high and the good market may pass you by. Price too low and you leave your families money in someone elses pocket.
If you need some referrals let me know... #loans #inspection #appraisers#approvals
By RISMedia
Prospect, headquartered in Sherman Oaks, Calif., Corvallis, Ore.-based Keller Williams Mid-Willamette and Ventura, Calif.-based RE/MAX Gold Coast violated the Real Estate Settlement Procedures Act (RESPA), according to the CFPB, which prohibits real estate agents and brokerages from recommending settlement services, such as title insurance, appraisals, inspections, and loan origination, to consumers in exchange for payment from service providers.
“Today’s action sends a clear message that it is illegal to make or accept payments for mortgage referrals,” said CFPB Director Richard Cordray in a statement. “We will hold both sides of these improper arrangements accountable for breaking the law, which skews the real estate market to the disadvantage of consumers and honest businesses.”
One of the largest independent retail mortgage lenders in the U.S., Prospect Mortgage has had “improper arrangements” with more than 100 real estate brokerages from at least 2011 to 2016, including Keller Williams Mid-Willamette and RE/MAX Gold Coast, according to the CFPB, under the guise of desk-license agreements, lead agreements or marketing services agreements (MSAs). Prospect based payments to brokerages on number of referrals, and, in some cases, had brokerages require their clients to obtain a mortgage preapproval from Prospect, even if the client had a preapproval from another lender—a practice known as “writing in.” Keller Williams Mid-Willamette and RE/MAX Gold Coast accepted payments for referrals through these arrangements, according to the CFPB.
Prospect also established a similarly unlawful agreement with Meriden, Conn.-based Planet Home Lending in 2012, violating RESPA and the Fair Credit Reporting Act, for which the CFPB is also ordering payment, the Bureau stated. Prospect and Planet, which is not a lender, split the proceeds from the originations of refinance loans Planet persuaded consumers to obtain through Prospect, according to the CFPB, and Planet ordered “trigger leads” through credit reporting agencies that identified potential refinance customers for Prospect.
Prospect Mortgage is required to pay $3.5 million in civil penalties. Keller Williams Mid-Willamette is required to pay $145,000 in disgorgement and $35,000 in civil penalties. RE/MAX Gold Coast is required to pay $50,000 in civil penalties. Planet Home Lending is required to pay $265,000 in redress.