The Appraisal Blog

It is well known that many municipalities are waving permit fees to build ADU's.  Some are even providing free plans.  But will these incentives actually create enough demand to impact supply?



https://www.sandiegoreader.com/news/2019/nov/12/stringers-granny-flat-subsidies-look-encinitas/#


Posted by Robert S. Abbott on December 9th, 2019 8:35 AMLeave a Comment

Subscribe to this blog
December 2nd, 2019 8:24 AM
In response to the housing crisis in California, Newsom and the state legislature have implemented AB 68 which allows for the construction of ADU's (Accessory Dwelling Units) on any lot zoned for a single family residence.  Whether this will have a significant impact on the actual housing supply remains to be seen... as will the impact on municipal services including water, sewer, trash, and traffic and parking.  Time will tell...



https://archinect.com/news/article/150159240/california-eliminates-single-family-zoning

Posted in:Development and tagged: #Development
Posted by Robert S. Abbott on December 2nd, 2019 8:24 AMLeave a Comment

Subscribe to this blog
November 18th, 2019 8:20 AM
Jack Murphy ... Qualcomm ... ???.  The fate of the Mission Valley Stadium is all but sealed. Now for the details...  like how many millions of dollars is the site worth?  132 acres in central San Diego should command a big number ... a really big number.  Hopefully the tax payers won't get hosed on this one.



https://www.sandiegouniontribune.com/business/growth-development/story/2019-10-11/san-diego-mission-valley-stadium-site-worth-104m

Posted in:Development and tagged: #SanDiego#Development
Posted by Robert S. Abbott on November 18th, 2019 8:20 AMLeave a Comment

Subscribe to this blog
November 11th, 2019 9:00 AM
Happy Veterans Day!  And as a VA appraiser here is Southern California ... here are a few tips for veterans considering using the VA home loan program.  Thank you for your service!!



https://www.redfin.com/blog/veteran-home-buying-tips?utm_source=Iterable&utm_medium=email&utm_campaign=1018510


Posted by Robert S. Abbott on November 11th, 2019 9:00 AMLeave a Comment

Subscribe to this blog
November 4th, 2019 7:50 AM
The US military has always been a major player in the local economy here in San Diego.  That is one of the reasons I am so proud to be a VA appraiser.  I've been on the panel for about 10 years now and everyday I get to give a little back to the men and women who protect our great country.  And their presence is growing!!



https://www.sandiegouniontribune.com/news/military/story/2019-10-10/u-s-military-economic-footprint-in-san-diego-is-growing-new-report-says

Posted by Robert S. Abbott on November 4th, 2019 7:50 AMLeave a Comment

Subscribe to this blog
October 28th, 2019 8:36 AM
Thinking of doing a remodel?  Personally I still like some of these design elements, but things always change and you may want to take them into consideration moving forward...


https://www.apartmenttherapy.com/decorating-trends-to-avoid-2020-36651863





Posted in:Houses and tagged: #Design
Posted by Robert S. Abbott on October 28th, 2019 8:36 AMLeave a Comment

Subscribe to this blog
October 21st, 2019 8:05 AM
Changes coming to the backend of the VA appraisal management process.  Will this streamline things or be the end of the VA Fee Panel as we know it?



https://www.housingwire.com/articles/50202-va-picks-veros-to-provide-appraisal-management-services-for-va-loans/

Posted in:Appraisal, Lending and tagged: #VA#Appraisal
Posted by Robert S. Abbott on October 21st, 2019 8:05 AMLeave a Comment

Subscribe to this blog
October 14th, 2019 9:04 AM
Alternative valuation products have been around for as long as I have been appraising ... 20 years.  But they are just now becoming more accepted in the lending world.  The long term impact of these products is yet to be seen ...



https://www.housingwire.com/articles/50143-expert-alternative-valuations-could-drive-up-consumer-costs/?fbclid=IwAR1B98z7Oo154l0QPM5AmYzRkDcajbF9WlV7BduFkiWvngR_8zSaUBlaGxg


Posted by Robert S. Abbott on October 14th, 2019 9:04 AMLeave a Comment

Subscribe to this blog
October 7th, 2019 7:38 AM
I've looked at at this house in MLS and from Google Maps for a while... amazed at its location and unique design.  And now it has a new owner... a rather famous one.  Check it out... 



https://www.kusi.com/alicia-keys-and-husband-swizz-beatz-revealed-as-buyer-of-la-jolla-mansion/

Posted by Robert S. Abbott on October 7th, 2019 7:38 AMLeave a Comment

Subscribe to this blog
September 30th, 2019 6:32 PM
The FDIC recently raised the threshold for appraisal for residential loans from $250,000 to $400,000.  Although this may not impact a lot of loans here in San Diego, this could have significant impacts across the nation where property values are not as high.



http://www.appraisalfoundation.org/iMIS/TAF/TAF_Condemns_Deminimis.aspx

Posted by Robert S. Abbott on September 30th, 2019 6:32 PMLeave a Comment

Subscribe to this blog