BRAIN C. COESTER'S BLOG
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Archive for March, 2017

CoesterVMS Appraiser Spotlight: Charles Weaver, Dania Beach, FL

March 30th, 2017

Charles Weaver has been an appraiser for 15 years, and began his career during the real estate boom of 2002. In 2002 local realtors expressed the need for both an increased quantity and qualiOLYMPUS DIGITAL CAMERAty of appraisers in the Florida Market, and Charles jumped at the opportunity. For the past 15 years Charles has serviced the South Florida and Jacksonville areas, and began his work completing reviews for Fannie Mae. Over the years Charles has split his time between Jacksonville and South Florida, but prefers the more complex and urban South Florida Market. In his spare time Charles enjoys scuba diving, and often utilizes his underwater scuba camera while inspecting properties in stormy weather. According to Charles, the key to efficient appraising and a main piece of advice for new appraisers is to map out your work ahead of time, and be prepared before you inspect a property. Making one trip is better than two. 

South Florida Market 

With the start of a new year, the market in South Florida and the Miami metro area is expected to out-perform its 2016 market. According to Miami Herald, home prices have continued to steadily rise (6.5 percent) in Miami-Dade, Broward, and Palm Beach counties since October 2015. The strong population growth and increase in the job market, as seen through new job creation, makes this area a prime location for home sales and new purchases. A majority of development in Miami is focused on international investors and second homeowners seeking vacation properties, with neighboring areas such as Palm Beach are more attractive to those seeking retirement as oppose to the millennial generation. Chief economist at Realtor.com stated that buyers 35 years of age and under accounted for 29 percent of purchases in South Florida, as oppose to the national percentage of 38 percent.

About CoesterVMS

CoesterVMS is a nationwide appraisal management company that specializes in providing comprehensive management of appraisal operations for mortgage lenders. CoesterVMS’ in-house appraisal management solution combines the best service with the most advanced technology on the market. CoesterVMS guarantees all appraisal reports to fully comply with all regulations and guidelines. The company’s Cloud Control appraisal management technology is the only software of its kind to be built on the award-winning Salesforce.com platform, and its “Coester-Mer” service is earning the company a reputation for the best customer service in the industry. Headquartered in Rockville, Maryland, CoesterVMS was founded as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information please visit CoesterVMS online at www.CoesterVMS.com.

Contact Us

For more information on CoesterVMS services, please contact our sales team email at:sales@coestervms.com(888) 485-1999 Ext.2.

CoesterVMS: Appraiser Spotlight: Michael Smiley, Woodstock, GA

March 30th, 2017

CoesterVMS: Appraiser Spotlight: Michael Smiley, Woodstock, GA

Appraiser Spotlight - Michael Smiley

Michael Smiley has been an appraiser since 2002, and began his career as a real estate agent in Colorado. For years Mike owned and operated a collection agency, but sold his business when he moved to Georgia. His interest in becoming an appraiser first began when he was acquainted with an appraiser who worked with his brother’s mortgage company. After speaking with him about the appraisal industry and gaining market experience under his supervision, Mike knew this was going to be successful career change for him. Through the years Mike has built an extensive network of connections in the North-Atlanta market, and has seen an increase in business as the Atlanta population continues to grow. Though he does not typically appraise in the city itself, the suburban market surrounding Atlanta is a huge market for opportunities, and one Mike enjoys working in. According to Mike, the key to his success as an appraiser all began from the connections he created when he first entered the business. The better connections you make in the beginning, the more knowledge and better training you receive in return.

North Atlanta Market

As the Atlanta population continues to grow, so do the surrounding markets. According to Forbes Magazine, mortgages and construction loans are relatively low risk as the demand for homes outnumbers the supply, specifically in Forsythe, Henry, and Cherokee county. As the demand continues to increase, we can expect to see an increase in new construction as well. The creation of new jobs has also had an impact on the market, especially in regards to renting. Counties such as Fulton, Clayton, and DeKalb are experiencing a high number of renters, and turning single-family homes into rental units has become more and more appealing.

About CoesterVMS

CoesterVMS is a nationwide appraisal management company that specializes in providing comprehensive management of appraisal operations for mortgage lenders. CoesterVMS’ in-house appraisal management solution combines the best service with the most advanced technology on the market. CoesterVMS guarantees all appraisal reports to fully comply with all regulations and guidelines. The company’s Cloud Control appraisal management technology is the only software of its kind to be built on the award-winning Salesforce.com platform, and its “Coester-Mer” service is earning the company a reputation for the best customer service in the industry. Headquartered in Rockville, Maryland, CoesterVMS was founded as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information please visit CoesterVMS online at www.CoesterVMS.com.

Contact Us

For more information on CoesterVMS services, please contact our sales team email at:sales@coestervms.com(888) 485-1999 Ext.2.Copyright © 2017 CoesterVMS

Our address is 7529 Standish Place, Suite 200, Rockville, MD 20855, US

 

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CoesterVMS Appraiser Spotlight: Kathy Christianson- San Francisco Market

March 30th, 2017

Kathleen Christianson- Oakley, California

Kathleen Christianson

Kathy Christianson has been an appraiser for the past sixteen years and was first introduced to the business by her sister, who was a mortgage broker at the time. Kathy entered this line of work as a real estate agent, but soon realized the long weekend hours were not compatible with her busy lifestyle as a single mother of five. Per her sister’s recommendation, Kathy looked into becoming an appraiser and knew she found the right career path for her. Kathy primarily works in the San Francisco bay area, and enjoys the complexities and diversity this market brings. With such a wide range of homes and new constructions, each town has its own unique niche in the market. From $2 million waterfront mansions to dated ramblers, Kathy enjoys that there is always something new that can be learned from each assignment. In her spare time Kathy enjoys spending time with her children and participating in fun outdoor activities, such as skiing, snowboarding, and camping. According to Kathy, the key to success in this business is to be diligent and take pride in your work. Ensuring all reports are polished and comprehensive is one of the most important pieces of advice she can give. After all, success is in the details.

San Francisco- East Bay Market

As the demand continues to outnumber the supply, 2017 is looking like a year of new construction. According to the San Francisco Business Times, the San Francisco Bay Area is experiencing one of the largest building booms in over 75 years, especially in regards to apartments and rentals. San Francisco experienced some of the highest rent prices in 2015, but has seen a 5-10 percent drop this past year as the supply of rental units begins to increase. According to recent findings by Marcus & Millichap multifamily report, 12,100 housing units are expected to be added to the San Jose and Bay Area markets this year, with an absorption demand around 10,800.

Borrower Feedback/Customer Testimonials:

“I was really impressed with the timeliness of the appraisal. The loan officer informed me on a Friday that the appraisal company will call me to schedule an appointment. I was expecting a call the following week but instead received call the following day, and we scheduled appraisal the next day – I was pleasantly surprised that this phase of the application went so quickly. Ms. Kathy was very pleasant and professional all throughout the process. Thank you.”

Survey CategoryRatings 1 – 10Timely Delivery10Communication10Staff Knowledge10Professionalism10Technology10Service10