Frederick R. Giebel, Jr.'s (houseval) Blog

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Real Estate Appraiser - Preferred Appraisers, Inc. - (NJ) 42RG00094600
RECENT BLOG POSTS
I am periodically asked if a room qualifies as a bedroom. There are a number of sources I refer to for the answer. First, is the International Building Code (IBC). "The International Building Code (IBC) is a model building code developed by the International Code Council (ICC). It has been adopte...
07/13/2011
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As an element in preparing appraisal reports I cite recent sales of properties similar to the subject of my appraisal. In doing so I include photographs and descriptions of those comparable sales. The other day I am standing outside of a WAWA Store where I stopped to get a drink and was calling m...
03/09/2010
Market: Washington Twp. Gloucester County NJ     Date: 03/2010 An analysis of sales data from year to corresponding year indicates a change in:   Sales Volume from 432 units to 432 units,  Median Sales Price From $236,660 to $230,732,  Exposure Time: Median Days On Market from 86 to 98 (Diluted b...
03/09/2010
Preferred Appraisers, Inc. Frederick R. Giebel, Jr. NJ Certified General Real Estate Appraiser (42RG00094600) Website:  http://houseval.net/  Market: Winslow Twp. Wilton's Corner    Date: 03/2010  An analysis of sales data from year to corresponding year indicates a change in:  Sales Volume from ...
03/09/2010
An analysis of sales data from year to corresponding year indicates a change in:  Sales Volume from 43 units to 41 units, Median Sales Price From $235,000 to $234,900, Median Days On Market from 85 to 95 (Diluted by re-listing) Current Inventory Accumulation is 14.6  Months. Submarkets within thi...
03/09/2010
Pennsauken: Delaware Gardens, Single Family Residential, March 2010  An analysis of sales data from year to year indicates a change in:  Sales Volume from 94 units to 68 units, Median Sales Price From $152,000 to $149,900, Median Days On Market from 62 to 51 (Diluted by re-listing) Current Invent...
03/07/2010
Bad Appraisal?               Don't Get Scammed!             Appraiser from outside the area?  On May 1st 2009 when the Home Valuation Code Of Conduct was implemented by Fannie Mae it sent waves of appraisal orders to third party middlemen. These middlemen sliced the appraiser's fees and imposed D...
03/07/2010
Limited Exposure Time and Value  I was recently asked by an intern how to determine value when the client has specified the requirement for a 90 day market exposure limitation. That value may under some circumstances be defined as follows:  Liquidation Value: the most probable price that a specif...
03/06/2010
The answer to your question is that the AVM is based upon dated, raw unverified data and has not taken into account the physical and locational characteristics of the subject.  The appraiser has been engaged to prepare an Opinion of Market value, as defined "as the most probable price which a pro...
12/22/2009
What is a reasonable offer on a $260,000 asking price?Property in Question: XXXXXX Ave, Sample Twp., NJAnswer: This is a common question that often causes quite a bit of anxiety. I will answer this question in a general sense since I don't have all the specifics of the property in question.As an ...
12/10/2009
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Frederick R.Giebel, Jr. IFA

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