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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ROCKVILLE, Md., Sept. 20, 2016 – CoesterVMS, a national appraisal management company, partnerned with Wave City Care, a community-based nonprofit, to complete an Extreme School Makeover at four schools in the state of Virginia.
CoesterVMS provided cleaning materials and 40 volunteers to spent a day completing multiple landscape, cleaning and painting projects.
“Children are our greatest gifts, and we are proud to be a part of an effort to ensure they have a safe, clean and beautiful place where they can learn. This helps children develop pride in their school and community,” said Brian Coester, CEO of CoesterVMS. “We want to continue to show our commitment and build lasting relationships in the communities where we have representation.”
The four schools were Independence Middle School, Holland Elemantary School, Norview Elementary School and Great Bridge Intermediate School.
“It was so great to partner with CoesterVMS this year for our 11th Annual School Makeover,” said Sue Fitzgerald, vice president of Wave City Care. “Thanks to their generous support, we were able to assist more schools than ever before with landscaping, painting, cleaning and setting up classrooms so that thousands of children could have the very best start to their school year.”
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.