by Rick Roorda | Uncategorized
We’re excited to share that NoCo Valuations was recently featured in a national article by Redfin, one of the country’s leading real estate platforms. The article, titled “Pre-Listing Appraisals: Do You Need One Before Selling Your Home?”, highlights insights from...
by Rick Roorda | Uncategorized
Appraisers will typically adjust seller concessions of comparable sales downward by the concession amount to reflect cash to seller. Seller concessions are typical right now with the higher interest rates. The definition of market value includes: (4) payment is made...
by Rick Roorda | Uncategorized
Unique properties pose challenges for both agents and appraisers. A property may be deemed unique for various reasons: It may be larger or occupy a bigger lot than is typical for the area. Its condition or finishes might be significantly superior or inferior compared...
by Rick Roorda | Uncategorized
The objective of the Sales Comparison Approach is to formulate an opinion of value based on the recent sales of properties of similar use, size, locational influences, and other factors that affect value. This approach makes the most direct use of the Principle of...
by Rick Roorda | Uncategorized
If you disagree with the appraiser’s opinion of value, you may challenge the value. For private appraisals, simply contact the appraiser. For appraisals for lending purposes, contact the lender for advice on how to submit a reconsideration of value. The GSE’s have...
by Rick Roorda | Uncategorized
Valuing 2-4 unit properties is a little different. Bedroom count typically drives rent, and income is a main driver of value for income properties. For comparable sales I typically search the MLS by unit count. Using the results I focus on location, bedroom count,...
