Newz: GSE Privatization, 2025 Forecasts, Unique Homes
January 10, 2025
What’s in This Newsletter (In Order, Scroll Down)
My comments on topics: This newsletter is long. Almost all the news items I have received are 2025 Forecasts, so I have included some of them in this newsletter.
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- LIA: Disclosing Identity of Complaining Party
- Why Selling a Unique Home Is Challenging — and Can Leave Some Owners Feeling ‘Stiffed
- 2025 Housing Market Predictions: Key Insights for Real Estate Appraisers The National View
- Real estate trends to watch in 2025 – The Local View
- Appraisal Industry Outlook Under Trump Administration
- Will Homeowners Finally Sell in 2025? Here’s What the Experts Say, Amid a Glimmer of Hope
- GSE Privatization A ‘Herculean Task’
- Mortgage applications decreased 3.7 percent from one week earlier
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Why Selling a Unique Home Is Challenging — and Can Leave Some Owners Feeling ‘Stiffed’
Excerpts: When Ann Levengood decided to let go of her beloved double-dome home two hours outside of Seattle, she thought she did everything a seller needed to do to get a good price.
“We built a new garage and completely did the heavy work with a $50,000 new roof, new drainage, new retaining walls, landscaping (including removal of alder trees), interior was completely redone, new lighting, new skylights, you name it. We had zero tasks upon inspection,” she tells Realtor.com®
“The inspector had never seen such a clean house.” But when it came time to price the Poulsbo property, Levengood and her agent didn’t see eye to eye. While the proud owner wanted to price the house at $425,000, the cautious agent listed it at $339,000.
The problem? The house, with its double domes, was unusual.
Even so, the home took only two months to close a sale at full price, leaving Levengood with the lingering feeling that she had been stiffed. “I couldn’t even get agents to come out and see it,” she says.
Not only can it be more difficult to find the proper buyer for such a home, but it is also challenging to find comps.
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My comments: Worth reading the article. All appraisers appraise unique homes, which are often very challenging, especially for comps and market analysis. This article helps appraisers understand the difficulties in selling unique homes. I have never read about this important topic.