Sacramento

Saying good bye to a legend – Don Machholz

A retirement party was given for Don Machholz who is saying goodbye to the industry to pursue other interests in his chosen field of Astronomy. He takes with him thanks from the many appraisers who have benefitted from his use of Excel to harness the 1004MC form across many MLS systems. He will be missed.

Don, Michelle, and son Mark

 

Ryan Lundquist, 2018 Trussas Award Winner

Post Disaster Appraisals

The Tuesday night class featured four viewpoints of appraising Post Disaster Properties.
The night started off with Ryan Lundquist receiving the Trussas Award for his outstanding contributions to the appraisal industry in both the local and national areas from our own President of the REAA Corporate Board, Bill McKnight.
After a traditional March dinner of corned beef and cabbage, the first speaker was introduced; Bruce Ford of NorCal Quality Appraisals. He spoke of the recent fires in the Santa Rosa area.
The next panel member was Penny Woods who spoke about the affect the fires in Northern California had on the local economy and compared them to other fires in historical perspective.
The next informative speaker was Jim Glickman with the Sacramento County Assessor’s Office who spoke on the affect that damaged homes have on the assessment of properties and how their tax rates can be temporarily lowered due to the damage.
Last to address the audience was Steve Smith, who has been appraising over 40 years and has had a myriad of professions mainly dealing with the lending industry. He spoke of appraising after disasters or detrimental conditions. This includes fire, flood and earthquakes and the challenges involved with finding comparable properties and making sense of information gathered.
Overall it was an informative night with the audience involved with questions at the end of the presentation.

2018 Class Schedule

We have an exciting schedule planned for 2018. We offer classes to increase your skills, expand the types of appraisal work you can complete, and to increase your awareness in local markets. Hope to see you at the Dante.

Tuesday, March 13-Post Disaster Appraisals will be a panel of appraisal experts discussing appraising after disasters such as the recent Wine Country fires. This class is approved for 3 hours of continuing education. Please arrive one hour earlier than usual (check-in starts at 4:30) because of the longer than typical time. Sign-up now.

Tuesday, April 10-Stigmatized Property Appraisal-Instructor TBA. 2 hours of continuing education at the normal time.

Friday, May4-No May class at the Dante. Instead, REAA and the Northern California Chapter of the Appraisal Institute are jointly offering a full day symposium in Fairfield. More details to follow.

Tuesday, June 12-Appraising Small Acreage Residential Properties-Joe Lynch and Gary Muma are the instructors. 2 hours of continuing education at the normal time.

Tuesday, July 10-History of Local Real Estate-Instructor TBA. 2 hours of continuing education at the normal time.

Tuesday, August 14-External and Functional Obsolescence-Denis DeSaix is the instructor. 2 hours of continuing education at the normal time.

Tuesday, September 11-Market Update-Ryan Lundquist is the instructor. 2 hours of continuing education at the normal time.

Friday, October9-Adjustments-Richard Hagar will return to provide us with a full day of discussion regarding adjustments. This will be a 7 hour class at the Dante Club. Note the date.

Tuesday, November 6-Planning/SACOG-This class is under development but will include discussion with local planners regarding future development in the Sacramento region. 2 hours of continuing education at the normal time.


February

A big 'thank you' to Alex Gilbert, speaker for our February class- Appraising Proposed Construction.

March

Please join us next month for our March meeting- Post Disaster Appraisals

This class is a panel presentation with multiple valuation experts to assist you in understanding the forces affecting the post-casualty appraisal process from various points of view.

Speakers include:

  • Penny Woods-Past President of REAA Corporate, Penny is an expert litigation appraiser who worked on appraisals after the Oakland Hills firestorm in 1991
  • Steve Smith, MAI, SRA-Nationally known appraisal expert and founder of the National Appraisers Forum, Steve will discuss his experience completing assignments for FEMA after Hurricanes Harvey, Maria, and Irma and the recent fires in the Wine Country and Southern California
  • Bruce Ford-Current President of REAA North Bay, Bruce will discuss his experience appraising after the Northridge Earthquake in Southern California
  • Jim Glickman-an appraiser from the Sacramento County Assessor's office will discuss how disasters impact property assessments

Topics will include valuation issues and techniques plus the emotional and mental concerns in dealing with such devastating circumstances.

Class cost is $35 for members/$65 for non-members and includes buffet dinner at the Dante Club. This class is approved for 3 hours of continuing education by BREA (Approval#17CP986603076).

Online registration cutoff is Friday, March 9 at noon so we can let the Dante Club know how many meals we need.

THIS CLASS STARTS ONE HOUR EARLIER THAN USUAL BECAUSE OF LENGTH! WE WILL START THE CLASS PROMPTLY AT 6!

Schedule
3:30 to 4:30   Chapter Board Meeting
4:30 to 5:15   Sign-in and networking
5:20 to 6:00   Dinner
6:00 to 9:00   The Panel

We look forward to seeing you there!