Three Word Post Whore's Delight

[G-MONEY]

our 1,061sq ft is listed at 370,000 in Yorba Linda on zillow

[da.bell]

Very true. Wish it would end but IMO, we are almost at rock bottom... But again, I am just a computer guy...

[sparky216]

Being an ex appraiser, the value is an opinion based on fact. In this case the fact is current closed home sales. WIth values in our market declining that means a closed sale recorded today actually occurred 30 - 60 days ago. Already dated info. Most lenders are requiring closed sales dated no more than 60 days and current in escrow and current listings. Then if you are in a declining market they lower your LTV 5%. Tough times out in the real estate fields today

Indeed, I love it "opinion based on fact"...........I find it funny though that most appraisals come in for EXACTLY what you offered for the home....ie....you offer 324,918 and the appraisal come in at 324,918.....wtf??

[da.bell]

Indeed, I love it "opinion based on fact"...........I find it funny though that most appraisals come in for EXACTLY what you offered for the home....ie....you offer 324,918 and the appraisal come in at 324,918.....wtf??

Yup, I find it funny also.... Not sure where they got that from... Must have pulled it from their arses.

[sparky216]

our 1,061sq ft is listed at 370,000 in Yorba Linda on zillow

our 918sqft condo in Maui appraised for $418,000......paid $139,900 for it in 2000....

[G-MONEY]

our 1,061sq ft is listed at 370,000 in Yorba Linda on zillow

3 bedroom 2 bath

[sparky216]

3 bedroom 2 bath

Question is, can you sell it for that much? And if so, how long will it take to sell

[xpjim1]

Those days are supposed to be changing. The true issue with appraisals is the appraiser is given a number to shoot for. They need to get the sales contract to determine concessons, they need the loan ampount LTV etc. If they do not hit the given number the lender will not send business there way.

They should be given an address and told bring back a number.

When I left the business I stopped doing appraisals for lenders and specialized in property settlements and legal proceedings. I loved charging high dollars to go to court and put the other parties appraiser to shame.

[da.bell]

our 918sqft condo in Maui appraised for $418,000......paid $139,900 for it in 2000....

dang it, I knew I should have stayed in Hawaii...

I shouldn't be upset.. I have owned a total of three houses including the one that I am in now. The first one I sold I made $93k and the second one that I sold made $100k.. The problem was the 6% commission the realtors made and the ex-wife got on the second home during the divorse.

[da.bell]

Those days are supposed to be changing. The true issue with appraisals is the appraiser is given a number to shoot for. They need to get the sales contract to determine concessons, they need the loan ampount LTV etc. If they do not hit the given number the lender will not send business there way.

They should be given an address and told bring back a number.

When I left the business I stopped doing appraisals for lenders and specialized in property settlements and legal proceedings. I loved charging high dollars to go to court and put the other parties appraiser to shame.

lol

[da.bell]

Question is, can you sell it for that much? And if so, how long will it take to sell

110% true....

Supply and Demand....

[da.bell]

I'm outta here for today. Have dinner plans at GF's brothers house....

[sparky216]

I'm outta here for today. Have dinner plans at GF's brothers house....

adios, Were taking the daughter out for chineese as today is her real bday so I need to shower and shave.

[KonaKing]

Ok what the He*& 82 deg yesterday and now its freaking snowing

[sparky216]

Ok what the He*& 82 deg yesterday and now its freaking snowing

haha



actually it was 80 this weekend and this morning it was 35..........weird weather