Lisa and Jim's Northern Nevada Real Estate Blog: June 2009

The Appraiser Needs Three Good Sale Comps "Within" 1 Mile Of The subject Property!

The Appraiser Needs Three Good Sale Comps "Within" 1 Mile Of The subject Property!   

Sounds easy enough, right? 

Well those underwriting guidelines just don't cut it in rural Nevada.  Our subject property is a lovely new bank owned home on 28 acres.  It is situated in a rural subdivision of 20 acre home sites.  The back property line is over ¼ of a mile long and there aren't three homes within that proximity ... let alone three closed sales in this market!

New appraisal regulations are certainly putting a different spin on selling real estate.  It will be very interesting to see the outcome of this!

 

Call Lisa and Jim for All Your Northern Nevada Real Estate Needs!

Comment balloon 15 commentsLisa Wetzel • June 12 2009 05:38AM
The Appraiser Needs Three Good Sale Comps "Within" 1 Mile…
share
The Appraiser Needs Three Good Sale Comps "Within" 1 Mile Of The subject Property! Sounds easy enough, right? Well those underwriting guidelines just don't cut it in rural Nevada Our subject property is a lovely new… more
1820 Citadel In Carson City, NV Tremendous Value in a Family Home in…
share
Links Real Estate Blog Website Photo Gallery Description A Wonderful Value Just Got Better! Beautiful Executive Home in a wonderful Northwest Carson City neighborhood! Very versatile floor plan with large central island kitchen that features plenty… more
The Toughest of the Toughest Loan Just Got Approved! These Kids Are…
share
We got word today that one of our customers's just got approved for a loan. It was a tough situation, the kids worked really really hard to do everything just perfectly to please the underwriters! We are there! They are buying their first… more
Getting The Tenant Out Of A Foreclosure
share
This is a very interesting situation that happened to us recently! It can be a ticklish situation. Check it out! So you were the high bidder at the foreclosure sale.. your work is just beginning. You don't know what condition the home will be… more
634 Long Valley Road, Gardnerville, Nevada 89460 A Wonderful Family…
share
Links Real Estate Blog Real Estate Website Photo Gallery Description Outstanding home in the Gardnerville Ranchos. Two large family bedrooms in addition to the large master bedroom. Large lot with separate RV area and concrete pad. Excellent views… more
Farming With Grandson.. The Eggs Hatched
share
This is a great post about everyday life with a Grandpa and a Grandson! Enjoy! I posted a blog about irrigating with my grandson last week. We had many adventures including finding a nest in a tree that had eggs in it. We peeked and left it alone… more
1890 Colt Lane Gardnerville, NV 89410 Beautiful Carson Valley Country…
share
Here's a wonderful home for sale in Carson Valley, Nevada. Enjoy! Links Real Estate Blog Website Photo Gallery Description Perfectly maintained and immaculately cared for … a wonderful family home in a well established country neighborhood, every… more
Check With The Neighbors If You Want To Know What's Going On
share
Not only can the neighbors tell you about the house you are buying, they are actually an important component of its value. A home doesn't stand alone, even if you are on 5 acre parcels. Most people live in a neighborhood - what's it like? … more
Well.. Can You Even Believe What You Hear in the Salon! (Women Only…
share
Well.. Can You Even Believe What You Hear in the Salon! (Women Only Please! ) I had my nails done today! An ordinary, every two week experience for me. Usually I zone out, relax - it's about the only time I sit still for an hour and a… more
The Neighborhood Looks Rough.. Should We Buy Anyway?
share
Many neighborhoods in Carson Valley and Carson City just don't look the same anymore. With families having to move on an involuntary basis, foreclosure, the landscaping has transitioned to "REO Landscaping", dead or dying. When driving… more