Appraisal News and Business Tips

MLS

9-20-18 Newz// Zillow Addicts – Pyramid House – Favorite Podcasts

Unusual pyramid house in Malibu takes its cues from the sun and moon

Excerpt: This one-of-a-kind residence looks like it belongs in the swirling sands of Giza rather than on a hilltop in Malibu. The three-bedroom house was designed for two astronomy photographers and built to face the magnetic north like the needle of a compass. Sitting on one of the highest points in the Santa Monica Mountains, it has perfect vantage for observing the ocean as well as the movements of the sun and moon.

Read more and see the fotos plus video!! Currently listed for $2,999,000. Has been on the market for awhile.
—————————————————————————

Read more!!

Generally speaking, how accurate do you find MLS data in your area?

Take this week’s poll (week ending 4-15-16) : “Now that we have been living for some time with all the new rules governing residential appraisal, do you still enjoy doing the actual appraisal work?” Go to www.appraisalport.com and vote!!
Go to www.appraisaltoday.com/blog to post your comments and read other appraisers’ comments.
My comments: I have no idea why so many people think that MLS data is correct!! Of course, it does vary a lot among MLSs. In my area it is “reasonably accurate”, except public records data is often used (and the source disclosed). For example, on the weekly open house tour last week, an agent had 2 bedrooms in the listing, because “that is what public records says”. The second bedroom was tandem with another bedroom and very small. We all know how (inaccurate) public records are. Somehow, everyone, including some appraisers, think it is accurate. Or, worse, try to make their appraisals match public  records to avoid callbacks.