Palm Appraisals Blog

September 7th, 2016 3:57 PM
If your house is made of wood siding, it's going to need to be painted or re-painted sooner or later. You can get someone to do it on the cheap, but the result is often as much damage as anything since poor surface prep means a poor appearance.

Mark Hall of Professional Touch Painting in Oklahoma City says, "When painting an older home, prep is a big deal.  Surfaces need more than power washing.  You must scrape, machine sand, caulk, fill and apply primer on old siding.  And be prepared for some carpentry expenses, too.  The end result, however, is an awesome exterior, restored and prepared."

If you live in an older home, be sure to tell the appraiser when it was last painted - and tell any prospective buyers as well.  As you know, it's a significant expense.  For someone new to homes with wood siding, it's only right to let them know that every 10 to 15 years, they will be investing 20K to 25K in a new paint job.

For more information on painting in Historic Preservation districts in Oklahoma City, contact Professional Touch.

Posted in:General and tagged: historic
Posted by Matthew Krodel on September 7th, 2016 3:57 PMLeave a Comment

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March 3rd, 2015 3:46 PM

Recently, someone asked me how historic homes were weathering the current economy.  I ran some quick stats to see how they were doing in the Heritage Hills district.

Posted by Matthew Krodel on March 3rd, 2015 3:46 PMLeave a Comment

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Today's look at real estate market trend answers the question:

What is the average price difference on a price per sq. ft basis (net of seller concessions) between individual sellers and bank and government sellers in the Harvey Park neighborhood?

The sample size consists of 789 sales over the past thirty seven months.  The graph shows there is a significant discount associated with the distressed sales.  Over time, the average discount is about 23% (rounded).

Posted in:Trends and tagged: trendsHarvey Parkcomparisons
Posted by Matthew Krodel on March 3rd, 2015 3:45 PMLeave a Comment

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February 18th, 2015 2:58 PM
I will be representing our local appraisal coalition at the Naples City Council meeting in two weeks.  I've been asked to appear in front of the council to offer expert testimony regarding the recent downward shift in luxury home inventory in the area and what that's doing to values.

We'll be meeting on Tuesday, March 3rd at City Hall.

If you're attending the meeting, I'd love to shake your hand afterwards and discuss ways Palm Appraisals can help you.  We work with lawyers, estate planners, bailbondsmen, banks, AMCs, investors, and homeowners every day.  So, if you have an appraisal question or need, come by and say hi!

Posted in:General and tagged: appearanceslegal
Posted by Matthew Krodel on February 18th, 2015 2:58 PMLeave a Comment

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February 18th, 2015 2:51 PM

In a recent Naples Daily News article, it was reported that model homes are nearing completion in the Marsh Cove edition at Fiddler's Creek.  This is great news in the luxury home market, as historic properties have seen low inventories (and consequently, suffering sales) in recent months.

According to the article, the area will open with a little over 100 single-family homes ranging from 3,600 to 4,200 square feet in a Spanish Colonial style.  Some waterfront property and a golf course view should serve to drive solid values starting around $860,000.

I intend to work closely with the primary lending institutions who will be financing those mortgages and have already been involved in several similar developments.  As a result, I will be in Marsh Cove a bunch.  It's just one more reason to rely on Palm Appraisals for your Naples area valuation needs.

For the full Naples Daily News article, click here.

Posted in:New Homes and tagged: New Homesbuildersmodel
Posted by Matthew Krodel on February 18th, 2015 2:51 PMLeave a Comment

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