Archive for October 23rd, 2008

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Inner Richmond Rebounds Like Rodman

October 23, 2008

Usually when we hear about Richmond in the media, it’s another sad crime story from the city across the Bay.  But this time, we’re bringing the attention closer to home and featuring an analysis of the Inner Richmond.  We took the liberty of running some numbers in the area and suffice it to say, were shocked at the results (especially in this market!)

We looked at median sales prices for condos and single family homes in the ‘hood, dating back to 1995 and running through October 22 of each respective year.  The reason we capped each year at October 22 is so that we could include 2008 and see what’s going on in the present-day market.  Here is a look at those median sales prices:

Click Image to Zoom In
Click Image to Zoom In

Holy moly, look at that Read the rest of this entry ?

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Appraisal 101 : The #1 Way to Add Value to Your Home

October 23, 2008

Ahhh, good ‘ol appraisal.  It’s how I got started in the real estate business years ago and it’s one of the most useful things to know.  I’m going to be sharing tips, little-known facts, and stories from my experience as an appraiser (as well as endless spreadsheets and analysis).

Today’s Appraisal 101 post will be a TIP.  This is one of the fundamental things you should know if you are planning to invest any additional money into your home.

What’s the number one way you can add value to your home?  Well, I suppose you could invite Bob Vila over for dinner and see if he’ll help you cross off some of your honey-do’s (as long as he promises to trim that fro, that is).  If you can’t land dinner with Bobby V, your next best bet is to follow this tip:

Bobby V
Bobby V

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