My New Blog

04/12/2020

Real Estate Appraisal has always been an Essential Service to the Financial Sector.

 During the present California Shelter in Place rules for the public, it takes a minimum of Twenty Percent of all Essential Business to remain open to keep the economy of a city  moving forward. 

Real Estate Appraisers are presently making home inspections using Personal Protection Equipment at a minimum of mask, gloves and booties if requested by the home owner. 

There are several guidelines on the present Shelter in Place that are followed by Appraisal Associations, Realtor Associations both National Association of Realtors and the California Association of Realtors and Real Estate Property Management Companies as to proceed and inspect a home. 

Lenders are required to have a full interior appraisal inspection to assist home owners with cash out refinance. It is possible to have an exterior only appraisal of your home, yet the lenders prefer interior inspections to insure the value of the property being appraised.

 Even during the California 1989 Earthquakes and other large brush fires in summer, appraisers were ordered out to the field to inspect homes to see the extent of damage.

 This current Shelter in Place time is busy for appraisers as with the low refinance interest rates, many home owners are using equity in their homes to get through this period of time.

If you need a real estate professional to appraise your property, then give me a call. Or if you need to consider listing or consultation as to listing a property on the MLS, I cover that service as well.

Tom Melville, MRA, MNAA
Real Estate Appraiser, California Real Estate Broker/ Owner
Melville Appraisal, Tom Melville Properties
AR012768, DRE# 00774101
831-883-0406



Posted by Thomas Melville, MNAA, MRA on April 13th, 2020 12:29 AMLeave a Comment

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There still remains a shortage of properties for sale and an over supply of buyers in Santa Cruz, Monterey and San Jose counties. ?There are several factors in the current market that include all cash buyers, low interest rates for finance and an election year.

If properly priced and placed on the MLS for maximum exposure homes usually do not exceed 30-60 days before multiple offers are made on the property. As I have written before, pocket listings have only one agent working for the seller and rarely result in maximum exposure or the possibility of multiple offers.

I prefer to obtain the maximum exposure for my clients and obtain the highest sale price for their properties. 

Having a Broker / Appraiser with over 30+ years of experience to represent your real estate interests is an advantage in any market.

If you have any real estate questions give me a call and we can discuss your real estate needs.  I look forward to talking with you. Available 9am-9pm daily.

Tom Melville
Broker /Appraiser
Melville Appraisal & Tom Melville Properties
California Brea# 00774101
831-883-0406


Posted by Thomas Melville, MNAA, MRA on August 4th, 2016 4:54 PMLeave a Comment

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