Yes! We can absolutely talk with appraisers in Real Estate, during a transaction. From helping to make the appointment for them to go into a home, to chatting about sales comparisons, we
Multi-Unit questions
Dated: November 7 2023
Views: 48
We just received a call today from someone looking for multi-units that would make enough income to cover the debt of a loan and expenses-- the answer is basically no, right now, due to the high interest rates. Many of the units are not rented at their potential, and the limitations on raising rent will make that a slow climb for a new owner to realize the full income potential. With the taxes, insurance, and high interest rates on the mortgage, it will leave most new buyers in the red for awhile. Unless the buyer has cash-- which many do, as some are selling in other areas in order to exchange.
Another consideration is the building condition and deferred maintenance, which can eat into the bottom line as well. That's for another article...
Karena Jolley
Meet Karena – Your Local Real Estate Expert I’ve been a full-time Realtor since 2005, specializing in homes and land throughout inland Mendocino County, the western areas of Lake County, and serv....
Latest Blog Posts
8/9/24Interest rates have been coming down, but the Feds have yet to make their rate reduction. Meanwhile, the majority of owners have existing mortgages with interest rates that are under 6%,
California Department of Water Resources is committing $700,000 towards a study regarding the decommissioning of Scott Dam. We all hope that what comes from this is movement towards
Ukiah is facing new water fees, please read this article from MendoFever.comhttps://mendofever.com/2024/05/31/ukiah-valley-ground-water-basin-faces-new-groundwater/?
All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright ©2026 Bay Area Real Estate Information Services, Inc. All Rights Reserved.
