What About Sacramento Appraisals?

By
Real Estate Agent with RE/MAX Gold DRE #00697006

sacramento appraisalThe truth is Sacramento appraisals are pretty much whatever you can substantiate. I can make a case for a home to appraise at $600,000 almost as easily as I can make a case for it to appraise at $500,000. In fact, it would be good training for an aspiring real estate agent to have to create two different appraisals for the same home before being turned loose on the streets of Sacramento to sell real estate. If an agent can do that, then an agent is ready for the real world.

Lest you think I am endorsing fluffery, let me say that is the furthest thing from the truth. After all, a Sacramento real estate agent doesn't really perform an appraisal. Agents are not licensed to do an appraisal. Only appraisers can prepare an appraisal. Sellers don't really choose the sales prices of their own homes, either. Read more about Sacramento appraisals.

 

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elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I remember sitting through an appraisal class as part of my Broker's license training.  I don't envy their jobs.  While our job is try to justify a price, their job is to find THE price the home is worth given their methodology.

Aug 20, 2012 04:17 AM #1
Rainmaker
1,229,941
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

As a former appraiser, I concur with your assessments of appraising Elizabeth ... typically info and data is available to back-up a variety of values.  For an appraiser, it many times can boil down to WHY the property is being appraised, as to the final value sought.  It's all about arguing your case, via the proof you provide ... and the validity of that proof and how well you argue your case.  I wish more Appraisers understood that  ...

Gene

Aug 20, 2012 04:18 AM #2
Rainmaker
2,918,259
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Elizabeth I bring to the listing table three price ranges and let the seller decide.  While doing so I also advise them about the appraisal.

Aug 20, 2012 08:41 PM #3
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