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Real estate chaos hits appraisal industry
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How much is your house worth in this turbulent market? That's the question on the minds of many Bay Area homeowners, but it's become increasingly tough to answer, even for the pros.

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Instability in the region's housing market is making it difficult to determine values, according to mortgage brokers and real estate appraisers. "It's miserable," said Karen Mann, who runs a small East Bay appraisal firm called Mann & Associates. "I've been in the business 28 years, and this is the worst downturn I've seen."

Finding the right price is crucial, not just for getting a sale closed, but also because it plays a huge role in attracting buyers.

The down market has meant that more real estate agents are seeking an appraisal early in the sales process, asking for help determining the price before they put the home up for sale, Mann said.

"I'm seeing an increase of about 20 percent in Realtor activity," she said. "In a market like this, you have to be as exact with the listing price as possible. If you over-list, you run the risk of staying on the market too long and becoming stale."

Karen J. Mann
August 2008

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News Release

Mann Appraisal Announces New Fremont, San Jose Sales Offices
November, 2006;

Mann Appraisal, with headquarters in Discovery Bay, California, announces it has established branch offices in Fremont and San Jose, in order to best serve the needs of clients throughout its Northern California servicing area. The branch manager in Fremont is Richard Holte, and he may be reached at 510 474-8456. The San Jose Branch Manager, Patricia Cunningham, may be reached at 408 267-0900. Clients may continue to call the main office for the East Bay 510 790-2345 or the Headquarters office, 925 513-3231.

Mann Appraisal Moves Headquarters to Discovery Bay
Fremont Administrative Office Closes After 34 Years.
July, 2006;

In recognition of the rapid growth in the Central Valley region, Mann Appraisal has relocated its headquarters from Fremont to Discovery Bay, a location that is more central to the company's range of operations.

"Closing the office in Fremont was a moment of sadness for me," said Karen Mann, president. "But the old office was designed for a world filled with paper, and it no longer served our needs."

"Our staff of residential and commercial appraisers are highly mobile and spend very little time in the office. And it is on computer disks, not inside filing cabinets, where we store all our appraisal files today."

Mann and Associates real estate appraisers
"Providing Fair & Trustworthy Valuations since 1983"
Main Office   14850 Highway 4, Suite A326   Discovery Bay, CA 94514 Tel (925) 513-3231   Fax (925) 513-8465

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