ARCHIVED BLOG POSTS
2014
First review designations conferred Congratulations Jennifer Marshall, Justin Slack and Gilbert Valdez!!!
01/28/2014
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January 25, 2014 Washtenaw County snapshot On January 11, 2014 I posted a snapshot of the Washtenaw County market showing the number of arm’s length sales in each school district as well as the change in price per square foot over time and the current number of offerings and houses under contra...
01/25/2014
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http://www.appraisalbuzz.com/buzz/blog/2014/01/18/non-lender-valuation-consumers-should-tread-carefully Good stuff Woody! For anyone considering getting an appraisal for non-lending work, please read. Woody makes a compelling argument for why you do not want to engage an appraiser based on fe...
01/18/2014
Even homogeneous markets are best served with personal observation A couple of weeks ago I ran a posting of recent closed sales in the Ann Arbor market compared to four online-automated valuation models. The variances between actual sales price and these models were extreme even though the houses...
01/16/2014
Bromley Park Typical Bromley houses Bromley Park is a subdivision developed and built by Pulte Homes from 2002 through 2004, south of Geddes, north of Clark and east of Harris in Superior Township in the Willow Run Public school district. It encompasses the streets East and West Avondale Ci...
01/13/2014
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Verification As Realtors ® most of you have had the experience of calls, emails and even text messages from appraisers who are trying to verify information in a sale that you participated in. As annoying as this can be, it is important, in particular if there are any unusual circumstances to the ...
01/12/2014
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Days on market and current activity Washtenaw County, MI Based on my experience, as days on the market for a property decreases, prices tend to increase. When days on market start to increase, prices tend to stabilize or decline. One of the largest obstacles in measuring market direction is that ...
01/11/2014
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Measuring market change Most of the measurements we see reported in the MLS relate to median price change over time, not price per square foot. As house sizes rise, the price per square foot falls and does so because price per square foot includes not only the gross living area, as well as the ga...
01/07/2014
Most of us have seen comparisons between appraised values and the valuation models accessible via the web. I hadn’t seen an actual comparison to recent closed sales and these models, so thought it would be an interesting exercise to see how they stack up with properties that closed within the pas...
01/02/2014