Beverly Bayer's (bbayer) Blog

FDIC is going after Appraisal Management Coupanies for Appraisal Deficiencies - mostly work from the height of the market. List of some problems found: 1) inadequate analysis of a purchase contract, or failure to report prior listings. 2) Failure to report prior sales within 3-year of the subject...

Our Friends at Fannie and Freddie, have decided to change the way appraisers describe the quality and condition of homes we appraise and the comparables we use.  Since I started appraising in 1977 - we described properties as being: Good, Average, Fair or Poor - sometimes adding "very good" or "e...

Temecula - Murrieta, CA * Real Estate Market Conditions: February 2011 Sales for Temecula and Murrieta - between January 14 to February 14 for the years 2010 and 2011.  Except for the Standard Sales the median prices per square foot are up in both Cities.  Data shows homes in Temecula sell for mo...

Appraiser Adjustment Matrix Area                                      Murrieta                                 Date 1/5/2011 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $275,000 $289,500 $-14,500 2600-2800 $255,800 $275,000 $-19,200 difference $19,200 $14,500 ////////////////// 2400...

Appraiser Adjustment Matrix Area  Temecula                                        Date 1/5/2011 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $322,500 $325,000 $-2500 2600-2800 $308,000 $315,000 $-7000 difference $14,500 $10,000 ////////////////// 2400-2600 $295,000 $297,250 $-2250 di...

Appraiser Adjustment Matrix Area              Hemet - San Jacinto                                    Date 12/15/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $175,000 $166,500 $8500 2600-2800 $165,000 $168,000 $-3000 difference $10,000 $-1500 ////////////////// 2400-2600 $162,000...

Appraiser Adjustment Matrix Area              Perris - Nuevo                             Date 12/14/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $198,500 $192,000 $6500 2600-2800 $193,500 $200,000 $-6500 difference $5000 $-8000 ////////////////// 2400-2600 $186,000 $185,000 $100...

Appraiser Adjustment Matrix Area              Riverside                               Date 11/24/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $332,500 $320,000 $12,500 2600-2800 $301,500 $317,500 $-16,000 difference $31,000 $2500 ////////////////// 2400-2600 $293,000 $315,000 $-...

Appraiser Adjustment Matrix Area                          Moreno Valley                           Date 11/23/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $235,000 $230,950 $4050 2600-2800 $223,000 $227,500 $-4500 difference $12,000 $3450 ////////////////// 2400-2600 $198,250 $21...

Appraiser Adjustment Matrix Area              Murrieta, CA                                  Date 11/23/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $286,350 $275,000 $11,350 2600-2800 $261,000 $265,100 $-4100 difference $25,350 $9900 ////////////////// 2400-2600 $264,000 $260,00...