Ryan is a certified residential appraiser in the Sacramento area. He helps illuminate the local real estate market through his Sacramento Appraisal Blog. Ryan is a teacher at heart and regularly does classes for both appraisers and agents. His clients include homeowners, governmental agencies, attorneys, real estate professionals and lenders. This month, Comstock’s is launching his column, “On the Market,” to run every other month. In his spare time, Ryan enjoys woodworking, writing, craft beer, the American River and spending time with his wife, two sons and dog Ollie. For more, visit sacramentoappraisalblog.com. On Twitter @SacAppraiser.
People often are looking for a quick one-word answer. Are we in a bubble or not? Yes or no?
Well, there’s more to consider beyond just one word, which is why we need to look at some of the bigger dynamics in the Sacramento real estate market.
My wife loves Zillow, which she sometimes apologizes to me for — she worries that her love for the website somehow disrespects me as an appraiser. Truth be told, I like Zillow too. But I do question whether consumers trust it and other similar sites too much, and in doing so, make pricing mistakes.
You can hire the best agent in town, stage your home and get the most professional photographs ever, but if you don’t understand the relationship between sales and listings, you may struggle to sell.
You don’t have to be a licensed contractor to fix up a home, but it’s easy to sniff out quality work versus something an owner did after a weekend of binging on HGTV.
You’ve done everything to appeal to home buyers, except list the correct price.
Airbnb is all the rage these days, in Sacramento and beyond. And why not? After all, we’re hearing a lot of hype about becoming successful in real estate through short-term rentals.
I’m not here to throw anyone under the bus, but let’s talk about these seminars and the reality of flipping homes in Sacramento.
If the math proved easy when pricing your home, perhaps you’ve made this critical mistake.
As an appraiser, I get asked questions about the value of particular home improvements all the time: How much is a kitchen remodel worth? What about a bathroom remodel? Are solar panels a good way to boost property value? My answer is simple, and always the same: It depends. I know that’s frustrating to hear, but there’s a reason why it’s the best answer. So let’s talk about it.
Everywhere I look lately, there’s another piece in the news about Sacramento’s rising rents, skyrocketing home values or how desperate buyers feel in the midst of a housing shortage. It seems like our real estate market is on fire, to the benefit of property owners and home sellers. But is the market really that hot throughout the Capital Region?
Is marijuana going to be a game-changer for Sacramento real estate?
One of the most pressing topics right now in housing is low inventory. Frankly, there just aren’t enough homes for sale in the Sacramento region, and it’s a problem. If you’ve bought or tried to buy recently, you certainly know this.