Total # of appraisers is decreasing and Age increasing

I just got back from a Continuing Education class today. These are a good place to meet and talk to my peers. The instructor shared a few Stats with us.

The overall total number of appraisers in California is down to 11,713. This is the lowest Since October 30, 2000. ( See Below) What I find most interesting is the age breakdown. 70% of appraisers are between 50 and 70.   Yes, 70% are over 50. There are no new appraisers entering the profession.  Take a look at the requirements, a 4 year degree, 150 hours of appraisal classes, then 2,000 hours of experience just to become an AL( Licensed Appraiser. Add to this the introduction of Appraisal Management Companies, and the reduction in fees, it is no wonder we are losing appraisers.Total number of appraisers in California

 

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Purple House in Fairview Heights, Inglewood

I was up in North Inglewood today doing an appraisal.  Fairview  Heights is a great neighborhood. You can tell homeowners take pride in the their homes. all are well kept.

While I was out taking pictures of comps, I came across this Purple House on 64th Street. You would normally think Purple would not make a good color choice for a house, But this one looked good. The trim color is actually a light purple. 20140404_115053

 

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Long Beach Neighborhood Spotlight – Ridgewood Heights

ridgewood-heights-mapWhere is Ridgewood Heights you might ask? It is located in North Long Beach. This is your typical “Post War” era tract neighborhood. It was built in the mid 1940’s to the early 1950’s. Typical of this time period, the homes can range from 600S.F to over 2,400 S.F.

 

since 2000

 

This graph really shows us the rise up i the market and the fall. What I like to see is what values are doing now. We have gained alot of the lost equity form the crash. But the overall volume of sales seem to be less.

2-6 bedroom

 

This graph shows 2 Bedroom, 3 Bedroom, 4 Bedroom, 5 Bedroom and one 6 Bedroom, all compared to each other.

sold Statistical_CMA8396

 

 

If you need an Appraiser in Long Beach, or might be interested in selling your home, please call me 562-673-1138

 

 

Real Estate Appraiser in Long Beach

Long Beach Real Estate Appraiser

Long Beach Appraiser

 

 

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Dowtowon Long Beach Lofts, The Walker Building, Temple Lofts, Kress Lofts, etc and Values

As an Appraiser in Long Beach, I have been working on a report of a unit at the Walker Building, a penthouse. During this process I do my market research. I like to look at things visually, so I make graphs. These graphs show how the walker building compares to the other building in the area. What do you think/ As a Real Estate Agent in Long Beach, I have to know what is going, my appraisal background allows me tobetter understand the local market.
Values Since 2010

Historcal Build Bar Chart

penthouse Vs non

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Cars on the Front Lawn?

IMAG5309

 

Really? I asked myself as I drove past this house today. Really, you had to park on the front lawn?

As a Real Estate Appraiser in Long Beach, I do see this in impacted parking areas of the city from time to time.  since I am also a Real Estate Agent in the city of Long Beach, I would be horified to drive down a street with a client and see this. keller williams long beach

Does this have an effect on value?  Only if the car was a permanent fixture and could not be moved. But mostly, it just annoys the neighbors. Most cities have an ordinance about parking on front lawns. real estate agent in long beach

Lets look and see what the City of Long  Beach has to say about Parking?

Street Sweeping Zones: Parking in street sweeping zones is enforced throughout the City Tuesday through Friday with some City holidays excepted. Areas are posted for various hours with time zones ranging from 4:00 AM – 4:00 PM. The City sweeps either side of a street in a given area on two different days. Posted signs indicate both the time and day each side of the street is swept. Check posted signs for specific days and times.


Alleys: For the safety of the public, parking in alleys is not permitted in the City. They must be available for emergency vehicles, i.e., fire trucks, ambulances, etc.
Fire Lanes: Only City emergency vehicles may park in fire lanes.
Painted Curbs: Please observe the following parking regulations regarding painted curbs:

  • Red – No stopping, standing or parking at any time.
  • Blue – Handicapped parking only (must display disabled license plate or a valid placard).
  • Yellow – May park long enough to load or unload freight or passengers.
  • White – Two-minute passenger loading and unloading only.
  • Green – May park for a limited time only. Time is usually painted on curb.

  • Crosswalks: No parking in marked or unmarked crosswalks.

Sidewalk Ramp: Do not park within three feet (3) of a sidewalk ramp for the disabled.
Driveways: Do not park so as to block a public or private driveway.
Parkways and sidewalks: Do not stop or park on any portion of the sidewalk or parkway.
Intersection: Do not stop, park, or leave your vehicle within an intersection.
Fire Hydrants: Do not park within fifteen feet (15) of a fire hydrant or the driveway entrance to any fire station.
Railroad Tracks: Do not park on or within seven and one-half feet (7.5) of any railroad tracks.
Bridge or Tunnel: Do not park except where permitted by signs.
Private Property: Do not park on private property posted “no parking”.
Unpaved Lot(s): Do not park on vacant unpaved lot(s).
Residential Area: Do not park commercial vehicles (over three tons) in residential areas.  Do not park in residential Preferential Parking Permit areas without City of Long Beach issued Preferential Parking Permit.

Curb Parking: Vehicles parked upon a roadway adjacent to a curb shall be stopped or parked with the right-hand wheel of the vehicle parallel with and within eighteen inches of the right-hand curb. Therefore, a vehicle is illegally parked and subject to citation if it is stopped or parked upon a roadway in a direction opposite to the normal flow of traffic. Motorcycles shall be parked with at least one wheel or fender touching the right-hand curb. A vehicle must face in the direction of normal traffic flow.

Front Lawn: It is unlawful to park on a front lawn. Open parking is permitted only on paved areas in front of the garage or in the rear 2/3 of a lot.

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Is there a “Home Buying Season”?

So when is the best time to sell? That depends on you and your needs. But, some times of the year are better then others.

Typically the most sales happen from spring through summer. This is considered the “Home Buying Season”, the weather is nice, spring flowers begin to bloom, and the trees are starting to get leaves. Buyers might have been thinking about moving in the winter and are now actively looking.

Historically, most of the sales in Alamitos Heights happen during this time. Look at the graph below. This shows that most sales happen during this time period, except for December of 2010 and 2011 which was not typical.

So what does this mean to the seller? These dates used on the graph are the date the sale closed.  Keep in mind, it can take 30, 60, 90 days or more to get an offer, then it can take up to 30 days to close.

sales per month

 

If you want to know the Value of your home, or are interested in selling, give me a call. 562-673-1138

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Belmont Heights Values and Living on Ximeno Avenue

I recently ran some graphs for the Belmont Heights area of Long Beach. The first graph shows Bemont Heights for this year.  My boundaries for this graph are Nieto Avenue to the east, 7th Street to the north, Broadway to the south and Redondo Aveenue to the west.

BH  october

 

This second graph really shows what has happened since 2001. Look at the peak and how far off the peak  the market still is.

BH october since 2001

This last one I did because I was curious as to values on Ximeno versus the rest of Belmont Heights.  The area I used  was Redondo Avenue to the West, 7th Street to the north(excluding homes on 7th), Park Avenue to the east, (Excluding homes on Park in the Graph). Broadway to the south.

Ximeno Vs BH

 

If you  need an Appraiser in Long Beach, pleas call 562-673-1138

 

 

 

 

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Speaking to Real Estate Agents at Keller Williams Pacific Estates – Long Beach

Speaking to RE agents in long Beach

I recently had the pleaseure to speak to agents at Keller Williams Pacific Estates office in Long Beach.

I brought them up to speed on the what lenders are requiring appraisers to do. How to pick comparables, what a FHA inspection is comprised of, and most important, “that they can talk to appraisers.

We then did Q&A for about a half hour.

If you would like me to come talk to your office, please call me 562-673-1138

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FHA Appraisal Inspection and Honesty in a R.E. Transaction

Honesty in a Real Estate Transaction            

I recently did a FHA Appraisal in Long Beach. I found a few things wrong. When I looked under the house, I saw jacks support the floor. This would defiantly affect the livability and Structural Soundness of the house.

The most interesting part was that the seller was hoping I would not see this. Also the MLS listing made no mention of the home needing repairs. 

This makes question the honesty of the seller and the agent. What about disclosure? Had this sold and the agent never mentions this, then the new owner found out, the agent could be sued. The most important part was if the Agent and Seller had hired me to a do a PRE-FHA Appraisal Inspection, I would have told them everything that needed to be addressed before the appraiser comes out. This would have saved a transaction. The seller would be happy and the agent would be happy.

If you would like to know more about a Pre-FHA Appraisal Inspection, please call me at 562-673-1138

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Bail Bond Appraisals

Wallace Real Estate Services understands the needs of a family requiring a Bail Bond. Having a relative or family member waiting for bond can be a stressful and traumatic event. We know the time is everything, and the faster the better.

 We can perform an appraisal for Bond in 6 to24 hours. Please understand,  these require us to drop everything we are working on to meet your needs, this can result in a higher then normal fee. We can work with you to meet your needs.

 Call or text 24/7 

Craig Wallace

Wallace Real Estate Services

562-673-1138

craig@wallaceres.com

 www.wallaceres.com

www.longbeachapprasialblog.com

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