It is now common knowledge that real estate prices have risen significantly in the San Diego metropolitan area during the past year. Home prices are rising at a rate of more than 1% per month on average.[1] At this rate, an average home will double in value in less than 8 years – perhaps even […]
Real estate market time represents the length of time – measured in the number of days – a property has been exposed to the general public. Exposure may be with a real estate sign on the property, an advertisement in a real estate publication, or a listing in the area real estate Multiple Listing Service. […]
There are a wide range of perspectives about what market time represents in real estate. Opinions may vary – and everyone will have one – as to why a particular property is not selling. The most common reason given is that a property is overpriced; an obvious observation which does not answer the deeper question […]
The most obvious problem that will never go away – because it perpetuated the incurable human conditions of greed and ineptitude – is the valuation and pricing of a real estate asset. It is unfortunate and difficult to address the fact that most sellers place a much higher value on their preferences than the preferences […]
I have been asked to give a brief talk regarding the trends in San Diego backcountry real estate. The first topic that occurred to me was the recent rise in demand for all property types from investment properties to orchards for sale. As I thought more about it, I began to question what might be […]
What should you expect from a Property Valuation? I begin my valuation of a specific property by questioning the purpose of the task. There are many motivations for wanting to know the value of a real property asset. Some people want to keep track of the value of their non-liquid assets from time to time. […]
In the preceding paragraphs, I have outlined the most common approaches to the valuation of residential property. Nearly all residential appraisals will utilize the comparable market data and the cost approaches to determining value. Extrapolating value from dissimilar property types is seldom used; I should say that it seldom appears in a report. In rural […]
I don’t know how many times I have heard that the most important element underlying the value of real estate is location. Location, location, location! It is true; 4 acres on the beach in Del Mar is likely to be worth more than any 4 acre parcel in the San Diego County backcountry. However, with […]
What is a Property Report? A Property Report is a compilation of information gathered about a particular property being offered for sale that a buyer, or buyer’s broker, will need to determine if the property in question will fit the intended use of the potential buyer. Property Reports can be found on donn.com for every property […]
Welcome to my domain! I have been writing regularly for the past 25 or more years – mostly to sort out the crap that clutters my perception of life. Writing is a form of therapy for me. I have never blogged and, truth be told, I am still not clear on just what blogging entails. […]