According to the Washington Center for Real Estate Research 2010 First Quarter Housing Analysis; Skagit County home re-sales ( # of units sold) were down -14.4% from the previous quarter, and up 21.3% from the first quarter in 2009. Statewide home re-sales ( # of units sold) were down -12.3% from the previous quarter and up 36.3% from the first quarter in 2009. Overall building permits in Skagit County are up 34.1% from the first quarter of the previous year, in comparison to the 37.4% increase statewide. The median re-sale home price in Skagit County is down to $220,000 (down -10.2% from the first quarter in 2009), below the statewide median of $245,900 (down -3.0% from the first quarter of 2009). The 2010 first quarter Housing Affordability Index (HAI) was 134.6 for Skagit County, lower than the statewide index of 135.4.
More information: http://www.wcrer.wsu.edu/WSHM/WSHM.html
Showing posts with label REO appraisals. Show all posts
Showing posts with label REO appraisals. Show all posts
Wednesday, May 12, 2010
Thursday, November 12, 2009
Skagit County- WCRER Housing Market Data- Third Quarter 2009
According to the Washington Center for Real Estate Research 2009 Third Quarter Housing Analysis; Skagit County home re-sales ( # of Units sold) were up 14.6% from the previous quarter, and down -9.7% from the third quarter in 2008. Statewide home re-sales ( # of units sold) were up 15.6% from the previous quarter and up 2.6% from the third quarter in 2008. Overall building permits in Skagit County are down -16.5% from the third quarter of the previous year, in comparison to the -39.1% reduction statewide. The median re-sale home price in Skagit County is down to $233,600 (down -8.4% from the third quarter in 2008), below the statewide median of $260,000 (down -7.6% from the third quarter of 2008). The 2009 third quarter Housing Affordability Index (HAI) was 121.7for Skagit County, slightly lower than the statewide index of 122.8.
See full data: http://www.wcrer.wsu.edu/WSHM/WSHM.html
See full data: http://www.wcrer.wsu.edu/WSHM/WSHM.html
Wednesday, May 28, 2008
Press Release: Chantale at Bennett Appraisals Receives FHA Qualification
Chantale Merrick, a Certified Residential Appraiser at Bennett Appraisals has received her FHA appraisal qualification. Appraisers accepting FHA appraisal assignments must be registered under HUD, and comply with HUD guidelines as well as USPAP guidelines.
Use the below link to check if an appraiser is qualified. https://entp.hud.gov/idapp/html/apprlook.cfm
You should always be sure your appraisal service provider is licensed and in good standing. The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status. It is available publicly at this link.
We currently provide FHA appraisal services to the Greater Bellingham area, as well as all of Whatcom, Skagit, Snohomish, and Island Counties. (Including the Point Roberts area via the Canadian Border).
Bennett Appraisals provides FHA residential appraisal services to the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit and Snohomish Counties. * Time permitted we also serve Point Roberts and certain areas of Island County.
Use the below link to check if an appraiser is qualified. https://entp.hud.gov/idapp/html/apprlook.cfm
You should always be sure your appraisal service provider is licensed and in good standing. The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status. It is available publicly at this link.
We currently provide FHA appraisal services to the Greater Bellingham area, as well as all of Whatcom, Skagit, Snohomish, and Island Counties. (Including the Point Roberts area via the Canadian Border).
Bennett Appraisals provides FHA residential appraisal services to the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit and Snohomish Counties. * Time permitted we also serve Point Roberts and certain areas of Island County.
Thursday, January 24, 2008
Foreclosure REO Appraisals in Whatcom, Skagit & Snohomish Counties
Foreclosure/REO appraisal
Homes in foreclosure and homes that have reverted to your institution's ownership present special appraisal challenges. At Bennett Appraisals, we're more than ready and able to help.
For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. At Bennett Appraisals, we have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline.
Owners of property in foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time -- or worse, caused damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us.
For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like.
Please browse our website to learn more about our qualifications, expertise and services offered:
Bennett Appraisals serves the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit & Snohomish Counties. * Time permitted we also serve Point Roberts.
Homes in foreclosure and homes that have reverted to your institution's ownership present special appraisal challenges. At Bennett Appraisals, we're more than ready and able to help.
For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. At Bennett Appraisals, we have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline.
Owners of property in foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time -- or worse, caused damage. We have the experience and training to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us.
For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like.
Please browse our website to learn more about our qualifications, expertise and services offered:
Bennett Appraisals serves the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit & Snohomish Counties. * Time permitted we also serve Point Roberts.
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