Who Are Your Real Estate Team Members?

By on May 15th, 2012
People Involved In Real Estate Transactions

Each avenue of real estate requires certain expertise. It’s important to build your team prior to buying a home because you can benefit greatly from your team’s support. Each avenue of real estate requires certain expertise. You’ve heard the expression “Jack of all trades, master of none.” This is especially true in real estate due to how quickly things change with laws, financing programs, building codes, and individual markets.

Market Value vs Tax Value vs Appraisal Value

By on March 12th, 2012
What is my home's value in California?

How much is your home worth? The answer will vary depending on who you’re asking. A potential buyer who wants to get you down in price? A licensed non-partial real estate appraiser hired by a bank to determine how much they should loan you? A listing agent who wants you to sell your home at the highest price? A tax assessor who is most likely valuing an entire neighborhood at once? Here I will explain how the value of your home can vary.

What is a Real Estate Appraisal?

By on March 5th, 2012
Uniform Residential Appraisal Report

An appraisal is the process taken by a licensed, professional, third-party appraiser to value a piece of real estate. Appraisals are done for many reasons, but typically the purpose is to find a fair market value.

What is a real estate BPO?

By on February 22nd, 2012
Los Angeles CA Broker Price Opinion BPO

BPO stands for “Broker Price Opinion” and is performed by real estate brokers to find the market value of a piece of property for sale. BPOs are NOT appraisals. BPOs are performed to find the market value of a home in order to list the property for sale. Appraisals can be performed for a number of reasons other than market value such as a tax appraisal.