appraisals san diego

How long does an appraisal take and why?

8233501246_a74b552023_b

When we schedule appointments to appraise a property, people always want to know how long the inspection will take. Some people have had their home appraised before and are familiar with the process but others are surprised when I tell them how long it will take. I often get a response that they have experienced or expected a much quicker inspections.

Read More

4 Mistakes Made When Selling a Home

home-1183150_960_720

The season for home selling is upon us and we want to make sure you avoid these 4 mistakes before you decide to sell your home. By avoiding these mistakes it should make your home selling experience go much smoother.

Read More

Town Home vs. Row Home & PUD vs. Condo

Markham-suburbs_aerial-edit2

Row home and Town home properties are often confused with each other and seem like they are the same thing. The different names only indicate the style or design of the property. Both types of properties are attached dwellings, which means they are physically attached to the property next to it. The word town in town homes was changed by builders to describe the new construction properties they where building. They did this so that their dwellings would seem more upscale compared to the original row homes. When all is said and done row homes and town homes are the same thing.

Read More

New Decision by Fannie Mae & Freddie Mac

17195050559_c26c6f33f4_b

A recent decision made by Freddie Mac to allow property waiver inspections on some purchase loans. Meaning that an appraisal may not be required for the purpose of home loan purchase. For many this sounds like a great idea because it will help reduce the cost of purchasing a home and shorten the amount of time the loan takes. This all sounds good, but what are some possible consequences of purchasing a home without an appraisal?

Read More

Why Brandlin Appraisals?

download

There are many reasons for an appraisal such as buying or selling a home, estate, taxes, foreclosure, refinancing, and pre-listing to name a few. When dealing with these situations you want to be sure that you have made the best decision in choosing the right appraiser, so why Brandlin Appraisals?

Read More

San Diego County Neighborhoods

san-diego-county-map

San Diego County is high on the list of places to move in the United States. We have amazing weather year round, there are so many attractions to visit and you can drive from the Ocean to the mountains within hours, there is over 70 miles of coastline to see, some of the best craft beers in the United States, a wide variety of delicious restaurants, and it is full of friendly people.

Read More

Tips for Flipping Homes

real-estate-2989820_960_720

Flipping homes seems like it is easy enough, just do some renovations to make it look new and sell it for more than you purchased, right? It’s true depending on the property it can often be fairly easy to flip. Being an appraiser I have seen many of these properties sell and many of the common mistakes that are consistently made. I am not an expert in flipping homes, however I do have a bit of experience in the sale of these homes. I have listed the mistakes I see most often that can be avoided and improve your chances of success.

Read More

Defining Market Value

money-2724248_960_720   Value can be defined many ways, understanding how it is defined for the purpose of an appraisal is important. Many appraisals are for loan purposes and the appraiser will define market value with consideration of the Fannie Mae definition. Below are a few ways the market value is defined.

Read More

Multiple Offers

speakers-453475_960_720Multiple offers can occur during the sale of a home when more that one party wants to buy the home. This most often occurs when the housing inventory is low. When multiple parties want to purchase a home it can lead to overbids of the original listed price. This is happening a lot in the market right now because our inventory is low and there are more and more people moving to San Diego every year. The problem is that this can often lead to a very high purchase price, which is hard to support with similar comparables.

 

Read More

Selecting the best comparable sales

home-304190_960_720Our office regularly speaks to real estate agents and homeowners about how the appraisal process works, but one question that almost always comes up is how to select comparable sales.

This seems simple enough to explain however there is a lot that is considered when selecting the best comparable sales. Explaining the aspects of a home to consider when determining which comparables to choose it is helpful for appraisers and agents to have the same understanding of what makes a good comparable so they agent can price the property at a value that is likely to be appraised at.

Read More