Posts Tagged ‘ Brian Coester ’

4th Annual Inside The Beltway Photos 2017

July 11th, 2017

Thank you to the over 150 Mortgage Professionals who came out to the 4th Annual Inside the Beltway Social and made it such a huge success. We couldn’t have done it without the support of  such a great group of people and well respected mortgage and appraisal professionals.

CoesterVMS - 4th Annual Inside The Beltway Social 2017



Boston, Massachusetts: Sales Prices Rise as Demand Surpasses Supply

July 5th, 2017

AppraiserSpotlightCoesterVMS-Sandra PendergastAppraiser Spotlight- Sandra Pendergast

Sandra has been an appraiser for the past 15 years, and primarily services the Boston metropolitan area. She decided to enter this field of work when she made a career change after gaining custody of her 2 grandsons. Over the years Sandra has worked through fluctuations in her market, and has seen the changes that have come as a result. Recently, the shortage of inventory in the Boston market has led to an increase in sale prices as bidding wars have driven prices up over the appraised value. In her spare time Sandra enjoys painting and writing, but has remained busy with work in her market. According to Sandra, the key to success as an appraiser is patience. The educational requirements of becoming an appraiser and trainee experience needed is a long process, and patience is essential.

Boston, Massachusetts Market

Sales prices reached new heights in January 2017 for the Boston metropolitan area as demand continues to outweigh supply. The average price for a single-family home increased 7% statewide to $342,500 compared to January of last year, as inventory remained low (The Warren Group). According to The Wall Street Journal, the median sales price for the Boston Market rose from $685,000 in 2015 to $791,000, while rent in the neighborhoods surrounding Fenway Park increased 2.5%. Though inventory is being added to the market, there is a shortage of affordable housing for middle and low income buyers. According to Boston Agent Magazine 80% of the new construction being added to the market is housing, but primarily in the form of luxury apartments and condos. This paired with bidding wars has driven prices up and out of reach for many low-income buyers.

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Survey Category Ratings 1 – 10
Timely Delivery 10
Communication 10
Staff Knowledge 10
Professionalism 10
Technology 10
Service 10


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Appraiser Spotlight – Units Sold, Sales Price, and Inventory for Northern Virginia are Up

June 8th, 2017

Appraiser Spotlight-Daniel SwinneyAppraiser Spotlight: Daniel Swinney

Daniel Swinney first entered the business as a Loan Officer, and switched careers 16 years ago to become an appraiser. As an appraiser Daniel has serviced the Northern Virginia market where he grew up, working in both suburban and rural areas. From $65,000 homes to $3 million mansions, he appreciates and enjoys the versatility the market brings. Due to the proximity to Washington, DC and the numerous government jobs available, the market has remained active over the years; a quality Daniel is grateful for. According to Daniel, the key to success as an appraiser is to be efficient and punctual with every order. Even the smallest aspects are important to consider to ensure you are being as efficient and professional as possible, ranging from extensive training prior to appraising to knowing the traffic patterns to ensure you’re on time.

Northern Virginia Market

The Northern Virginia Market has experienced increases in units sold, sales price, and inventory for 2017 compared to winter and spring of 2016. According to The Washington Post, the number of units sold increased 8.4% compared to this time last year, while the average home price rose 2.2% to a median price of $464,900. Inventory also increased by 8.9% in April 2017 compared to April 2016 according to The Northern Virginia Association of Realtors and GMU- Center for Regional Analysis. As demand continues to rise, Northern Virginia has also experienced a decrease in active listings and days spent on the market. The average number of days spent on the market for April 2017 has gone down 25%, while active listings decreased 20%.

Customer Testimonials/Borrower Feedback:

“Excellent Service!”

Survey CategoryRatings 1 – 10Timely Delivery10Communication10Staff Knowledge10Professionalism10Technology10Service10About 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 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

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