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More Inherited Homes 2025
April 17th, 2025 12:02 PM
Inherited Homes are a large part of my appraisal business for the last 5 years now. I have seen and experienced several Real Estate Markets since the 1970's to the present.
My life is all about Real Estate and I enjoy appraising properties and selling properties. Each house is unique as to what it could rent for or sell for in any given real estate market condition.
Every day I read and am exposed to real estate news, I view Open Houses. I download a large amount of data from the actual MLS search of a home to be appraised and the export the data into 12 statistical charts and scatter graphs to make sense of the present market or appraising what a home was worth over 20 years ago with the data sources I have in my home office.
I appraise the entry level homes and very complex homes to 8 to 10 million in value
using the MLS and Statistics and Statter Graphs to show month by month average homes values over time. Each property is unique and so are the results unless the home is in a cookie cutter neighborhood, but that is so rare today in Real Estate along the Central Coast of California.
There are over 18 variables that effect how a home is appraised for value in the market. Location is one of the variables along with Quality of Construction, Architectural Design, Condition and Deferred Maintenance which can vary with each house in the market.
Areas I cover are Monterey, Watsonville, Santa Cruz, Aptos, Scotts Valley, Felton, Brookdale, Boulder Creek, San Jose, Morgan Hill and Silicon Valley.
Give me a call to discuss any real estate questions you may have or need to be answered in a relaxed easy phone call with no pressure.
Thank you for reading my blog. Licensed in California Real Estate since 1980 to the present. My Resume is also on this website.
Tom Melville 831-883-0406
Calif Real Estate Certified Appraiser AR012768
Calif Real Estate Broker Owner DRE 00774101
Aptos Ca 95003
Posted in:
Real Estate
and tagged:
Real Estate Appraisal Estates
Posted by Thomas Melville on April 17th, 2025 12:02 PM
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