Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Another common mistake in analyzing a real estate transaction is to put too much emphasis on the appraisal.
Granted, there is a time and place for an appraisal, but unless you actually hire and pay the appraiser, how can you be sure of what you are getting. When you hire the appraiser to analyze a Hemet real estate transaction then you control what criteria they are looking at.
For example, lets say you want to buy a Hemet preforeclosure home for sale through a short sale. The homeowner may have recently taken out a loan that has them n trouble, once their 6 month introductory teaser rate reset.
I have a listing right now that appraised for $395,000 in July of 2006. It has been on the market since March, 2007 at $299,000. So how valid could that appraisal actually be?
If you were buying that Hemet home for sale and relied on the appraisal that the seller provided then you would be in a lot of trouble. First, an appraisal is typically not valid for more than 3 months. I don't know about your market, but the market in Hemet CA is a lot different today, than it was 3 months ago. So how valid is an appraisal that was done so long ago.
Another home I recently sold was owned by a pool contractor -they type that builds elaborate rock pools. His yard was large, at .38 acres. He had a fellow pool contractor estimate that it would cost in excess of $500,000 to duplicate the pool, hardscape and landscape that graced every inch of this space. Now this was a track home that recently had a model match sell for $340,000. So, my client believed he had a home worth more than $800,000.
To provide a dose of reality, we hired a local appraiser and wanted him to squeeze out every bit of value he could. The appraisal came in at $650,000 in October 2005. We listed at $695,000 - disclosing the appraisal and the contractor estimate to all who toured the property.
By the summer of 2006, we resisted the property at $595,000 when the new appraisal came in at the lower price, because of the comps that had fallen off of the radar. I ultimately found a buyer for the home who offered $520,000 and the seller snatched it up.
My point is - how valuable is the appraisal when someone else has paid for it? - Especially if it is the sellers appraiser.
As an investor, it makes perfect sense to develop a relationship with one appraiser who understands what you are looking for in a property and a real estate deal. Always make your offer subject to an appraisal by the appraiser of your choice - and then you know what you are getting yourself into.
I hope this helps. Do you have an appraisal horror story you would care to share - please chime in.
This blog and the contents written here is the intellectual property of John Occhi, Temecula - Murrieta, CA REALTOR® in the South West Riverside County region of the Inland Empire of Southern California. The views and opinions expressed are just that - views and opinions of John Occhi and those who comment. Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance.
I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.