Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

Valuation

Will Amazon’s HQ2 sink Seattle’s housing market?

Tuesday, November 13th, 2018

S. Clay Sparkman
Will Amazon’s HQ2 sink Seattle’s housing market?
https://www.seattletimes.com/business/real-estate/will-amazons-hq2-sink-seattles-housing-market/
Probably not much, but it should pump up the markets in NYC and DC even furthur.
Best,
Clay
- Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money loans since 1964. Fairfield works with a broad range of private money investors, in a broker [...]

Read the rest of this post »

The west coast is on fire

Tuesday, March 6th, 2018

Clay Sparkman
Between Seattle, Portland, San Francisco, LA, and San Diego, home prices are off the charts. We broker short-term loans to real estate investors, so if you wish to invest in trust deeds in these markets, consider contacting us.
And check out these two recent articles:
A Third of U.S. Homebuyers Are Bidding Sight Unseen
Seattle-area home market [...]

Read the rest of this post »

Two hicks from Oregon go to Malibu – a cautionary tale

Thursday, January 25th, 2018

Clay Sparkman
I first posted this Blog piece on 11.11.09 at this site.
The runway was drenched in sunlight as our plane touched down that morning at LAX.  It was a golden balmy day.  We grabbed our bags and headed for the rental car kiosks.  I don’t recall how it happened exactly, but the fellow at the [...]

Read the rest of this post »

Five potentially useful indicators of the likely movement of value

Friday, August 11th, 2017

Clay Sparkman
Any good real estate investor should be attempting  to assess whether property values are rising, falling, or holding in the area of his/her latest potential investment. After all, the core question when buying investment property (particularly short-term) is, “what is value likely to do in the [...]

Read the rest of this post »

Resources for private money profesionals

Friday, January 6th, 2017

Clay Sparkman
I posted this article in 2011, and am sad to say that I haven’t come across much in the way of new resources since. I’m going to re-post, with a few small changes, and please let me know if you know of any useful resources available to private money professionals.

These days–with uncertain markets—tools and [...]

Read the rest of this post »

Leading real estate value indicators

Tuesday, August 23rd, 2016

Clay Sparkman
Of particular interest to private money investors is to analyze and spot potential trends in real estate pricing. I recently posted an article, Three potentially useful indicators of the likely movement of property values, which proposed three potential indicators to watch.
The following article, Unlike prices, real estate jobs not back at peak, published in [...]

Read the rest of this post »

How to read an appraisal

Tuesday, November 17th, 2015

Clay Sparkman
This article was originally published, on The Private Money Broker Blog. on 8/9/10. Some 5+ years later, I feel it is worthy to be modified slightly and published again. Whatever you do in the real estate business, I highly recommend that you give this post a good read.
The [...]

Read the rest of this post »

How to read an appraisal

Friday, March 29th, 2013

Clay Sparkman
This article was originally published, on The Private Money Broker Blog. on 8/9/10. Some two and a half hears later, I feel it is worthy to be modified slightly and published again. Whatever you do in the real estate business, I highly recommend that you give this post a good read.
The most [...]

Read the rest of this post »

Private Money FAQ

Wednesday, January 9th, 2013

Clay Sparkman
I try to update and publish this FAQ every once in awhile, as it is a handy guide to better understanding the market for private money loans in general–and more particularly, how we operate here at FFS. It is written more with brokers and borrowers in mind, but the information here should [...]

Read the rest of this post »

Good news for real estate markets: could this be the actual turn around we’ve been waiting for?

Wednesday, December 5th, 2012

Clay Sparkman
I posted this on my broker blog post recently. It is slightly dated, but the good news motors on. Let us celebrate the positives. (Yet, at the same time, let’s hope that we don’t go over a certain fiscal cliff, out of control and doing 90 mph. It will be interesting to see how [...]

Read the rest of this post »

I can climb; I just don’t want to fall again

Thursday, August 23rd, 2012

Clay Sparkman
I like what I’m seeing in the New York Times lately regarding real estate recovery. The following article was in yesterdays paper:
Here
It seems that they are convinced that recovery of the real estate markets is underway–though they also suggest that it is likely to be slow.
I’m fine with that. I can whether the climb [...]

Read the rest of this post »

Everything you wanted to know about private money but were afraid to ask

Thursday, January 12th, 2012

Clay Sparkman
(Note: I posted the following on my broker blog recently. It is oriented to toward brokers, but at the same time, I think it would be quite useful to those trying to get a handle on investing in private money loans and trying to better understand the process.)
Private money is often [...]

Read the rest of this post »

The quest for a good set of comps

Saturday, March 20th, 2010

Clay Sparkman
As I have mentioned in at least one previous posting (Ten Crucial Steps in Reading an Appraisal), I am not so concerned about the bottom line value on an appraisal or property valuation as I am about the particular logic that lead to the creation of that value.  If the instrument is transparent and [...]

Read the rest of this post »

Ten crucial steps in reading an appraisal

Wednesday, February 3rd, 2010

Clay Sparkman
The crucial thing that you must understand about any appraisal (or other real estate valuation instrument) is that it is only as good as its logic.  So that—in other words—you must never accept an appraisal’s conclusion regarding value without looking beyond the surface to understand the logic that leads to the conclusion and without [...]

Read the rest of this post »

Two hicks from Oregon go to Malibu – a cautionary tale

Wednesday, November 11th, 2009

Clay Sparkman
The runway was drenched in sunlight as our plane touched down that morning at LAX.  It was a golden balmy day.  We grabbed our bags and headed for the rental car kiosks.  I don’t recall how it happened exactly, but the fellow at the counter said something like, “I can make you a real [...]

Read the rest of this post »