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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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May 29th, 2017 12:27 PM
Two weeks ago mortgage interest rates dropped again. The earlier talk about raising rates back in Dec-March 2017 was all smoke and mirrors as usual. The lenders tried to raise mortgage rates and it did not work. It actually stalled the market, so expect further rate reductions offered to the public as the Refinance Boom and lower rates for buyers continues for the next 4-6 months. If you are thinking about buying or selling your home in Santa Cruz, San Jose or Monterey give me a call. In a no pressure conversation, I can go over your real estate investment needs whether you are selling or buying in 2017. Tom Melville, Real Estate Broker Brea #00774101 over 30 years professional experience in Real Estate. 831-883-0406.

Posted by Thomas Melville, MNAA, MRA on May 29th, 2017 12:27 PMLeave a Comment

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Having a Broker / Appraiser represent your real estate interest is an advantage in any market. I help people with listing and selling real estate in Santa Cruz, San Jose and Monterey California. Presently, there continues to be a shortage of available homes for sale and an over supply of buyers 

 If you have any real estate questions or investment goals for 2017, give me a call to discuss your concerns.

Tom Melville     Broker  Appraiser
831-883-0406  Brea #00774101
Tom Melville Properties
and
Melville Appraisal
Over 30+ years of professional real estate experience in California.

Posted by Thomas Melville, MNAA, MRA on May 8th, 2017 8:53 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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