ARCHIVED BLOG POSTS
As an element in preparing appraisal reports I cite recent sales of properties similar to the subject of my appraisal. In doing so I include photographs and descriptions of those comparable sales. The other day I am standing outside of a WAWA Store where I stopped to get a drink and was calling m...
Market: Washington Twp. Gloucester County NJ Date: 03/2010 An analysis of sales data from year to corresponding year indicates a change in: Sales Volume from 432 units to 432 units, Median Sales Price From $236,660 to $230,732, Exposure Time: Median Days On Market from 86 to 98 (Diluted b...
Preferred Appraisers, Inc. Frederick R. Giebel, Jr. NJ Certified General Real Estate Appraiser (42RG00094600) Website: http://houseval.net/ Market: Winslow Twp. Wilton's Corner Date: 03/2010 An analysis of sales data from year to corresponding year indicates a change in: Sales Volume f...
An analysis of sales data from year to corresponding year indicates a change in: Sales Volume from 43 units to 41 units, Median Sales Price From $235,000 to $234,900, Median Days On Market from 85 to 95 (Diluted by re-listing) Current Inventory Accumulation is 14.6 Months. Submarkets within thi...
Pennsauken: Delaware Gardens, Single Family Residential, March 2010 An analysis of sales data from year to year indicates a change in: Sales Volume from 94 units to 68 units, Median Sales Price From $152,000 to $149,900, Median Days On Market from 62 to 51 (Diluted by re-listing) Current Invent...
Bad Appraisal? Don't Get Scammed! Appraiser from outside the area? On May 1st 2009 when the Home Valuation Code Of Conduct was implemented by Fannie Mae it sent waves of appraisal orders to third party middlemen. These middlemen sliced the appraiser's fees and i...
Limited Exposure Time and Value I was recently asked by an intern how to determine value when the client has specified the requirement for a 90 day market exposure limitation. That value may under some circumstances be defined as follows: Liquidation Value: the most probable price that a specif...