Richard Hagar

Real Estate Commentator

Richard Hagar's real estate career spans more than 30 years.  He currently serves as a real estate investor, real estate agent, appraiser, and an SRA with the Appraisal Institute.

His specialties are appraising, investing, and teaching. Each of these specialties has brought him knowledge about the other. Through investing he's been able to understand how fraudulent real estate transactions and loans happen. Appraising has taught him to be analytical in his investing and precise in reporting information. By teaching, he's been allowed to communicate with private corporations and government agencies helping them understand the anatomy of a fraudulent transaction and put some bad people out of business.  Today he is the owner of American Home Appraisals.

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Street Cents
5:00 am
Tue January 7, 2014

Home Loans To Get More Scrutiny In 2014

Home loans may take longer to close since they are now being more closely monitored.
Erin Hennessey

If you're planning to buy a house this year, closing on the deal will come with some changes.  The two biggies, says Seattle area real estate appraiser Richard Hagar, involve appraisals and the final approval of  your bank loan.

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Street Cents
5:00 am
Tue December 3, 2013

Buying a Recreational Home: Is the Couch Included?

Furniture included in the house sale?
Erin Hennessey

Q&A with John Maynard and Richard Hagar about furnished vacation property.

With the economy picking up, housing sales have also been on the rise, including recreational property. Many of those ski chalets and charming cabins often include furniture.

Is it OK to include couches, lamps and things in a sale? Maybe, says Seattle real estate appraiser Richard Hagar, but you need to be careful.

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Street Cents
5:01 am
Tue November 5, 2013

Key Questions to Ask Before Letting an Appraiser in the Door

Homes for sale. What's the appraised value?
A McLin flickr

Street Cents Q&A about questions to ask before letting an appraiser in the door.

Should you vet a residential appraiser before letting him in the door? That's the question KPLU's John Maynard had.

"Ask questions!" says Richard Hagar, a Seattle-area real estate appraiser and educator. 

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Street Cents
5:00 am
Tue October 1, 2013

Property Values: Computers Versus the Human Eye

File image
Ted S. Warren AP Photo

Street Cents Q&A about online real state appraisal sites.

Want to know the value of a house? There are plenty of online resources to help you find the answer, including popular sites like Zillow. But KPLU's John Maynard wants to know whether online sources for property values are enough to go on.

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Street Cents
5:23 pm
Tue September 3, 2013

New Apartments Filling Up While Retail Space Below Sits Empty

A mixed-use building in Mercer Island.
Richard Hagar

Apartments in the Seattle area are in high demand, but the retail space in many of the new mixed-use complexes are not filling up as fast.

Local appraiser Richard Hagar tells KPLU's John Maynard that there's a surplus of retail space and that's keeping the "for lease" signs up longer on vacant store-front windows.

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Street Cents
5:00 am
Tue August 6, 2013

Buying a Historical Landmark

Seattle's Queen Anne High School , now a condo complex, is on the National Register of Historic Places and is an official City of Seattle landmark.

Interested in buying a home that's on a register of historic places? If so, you could be stepping into a lovely slice of  history, but it's  likely you will be expected to help preserve and maintain it. This goes for stand-alone houses and condos that are part of a historically-significant building.

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Street Cents
5:00 am
Tue July 2, 2013

In Seattle's hot housing market, expert says 'buy; don't rent'

"Sold" signs are going up quickly on Seattle homes.
Erin Hennessey

Richard Hagar and John Maynard weigh the pros and cons of renting or buying.

Say you have out-of-town friends who are moving to Seattle. They want advice on whether to buy a house right away or rent first. What would you say to them? Seattle real estate appraiser Richard Hagar tells KPLU's John Maynard that he would urge them to buy right away.

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Street Cents
5:01 am
Tue June 4, 2013

Money for thin air: Selling your home's 'air rights'

Joey Cohn

The air above your house could be worth a lot of cash if you have a view that's enjoyed by others in your neighborhood.

If you have a low-lying home that sits on a bank overlooking Puget Sound, for example, chances are the neighbors on the hill behind you may want to pay you to keep you from building up and blocking their view.

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Street Cents
5:00 am
Tue May 7, 2013

Better to talk more and text less when buying a home

If you're into deep texting, is it possible to buy a home that way?
Joi

Millennials are the most connected generation in history. In fact, The Pew Research Center calls them "history's 'always connected' generation, treating their handheld devices 'almost like a body part.'"

So when it comes to buying a home, Millennials (those born after 1982) are more likely to do most of their research online as well as communicate electronically. This extends to communicating with real estate agents. But real estate appraiser Richard Hagar says if you're buying a home, "talking" through texting  is useful only up to a certain point.

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Street Cents
5:00 am
Tue April 2, 2013

Foreclosed houses at higher risk of meth contamination

Ian Britton freefotouk

Many of us have heard about houses and even hotel rooms that have been used to cook methamphetamine. But most of the time, the pictures of those crime scenes show a rundown house in a rural area or a seedy hotel that few of us would frequent.

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Street Cents
5:00 am
Tue March 5, 2013

Are you living on a garbage dump?

Shantytown and garbage dump on 6th Avenue South, 1939.
Seattle Muicipal Archives

What exactly do our houses sit on? Seattle area real estate appraiser and educator Richard Hagar tells KPLU's John Hagar that it's not uncommon for office buildings and homes to be built on former garbage dumps. 

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Street Cents
5:00 am
Tue February 5, 2013

Seattle property values: Catching up with San Francisco?

San Francisco is known for its hills and its density.
DoNotLick flickr

What's ahead for Seattle when it comes to property values and density? Seattle-area real estate appraiser Richard Hagar tell's KPLU's John Maynard that San Francisco may have some of the answers.

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Street Cents
5:00 am
Tue January 1, 2013

High tides and storms risky for waterfront property

Storm weather and high tide on Puget Sound near Des Moines, WA.
vikisuzan flickr

Stormy weather and high tides may add drama to a waterfront view but they can also lead to major property damage, especially  if your home sits close to the shore.

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Street Cents
5:00 am
Tue November 6, 2012

Full disclosure or risk a lawsuit

House surprises after the purchase?
John Picken flickr

If you buy a house and shortly after moving in you're surprised to find a big crack in the foundation or the septic tank bubbling over, wouldn't your first question be, "Did the seller know about this?" Seattle-area real estate appraiser Richard Hagar says it's bad news all around if problems are not disclosed before the sale. Surprises like this not only mean headaches for the buyer but more times than not they lead to  lawsuits for the seller and his real estate agent. So, what exactly should a seller disclose?

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Street Cents
2:39 pm
Tue October 2, 2012

Renting out your basement: Extra income or extra hassle?

Is it worth finishing your basement and renting it out?
Kevin Saff flickr

In these tough economic times, it's always tempting to look for ways to bring in extra income. So how about fixing up your basement so that you can rent it out? It would be nice to have an extra $800.00 or so coming in every month. But are there questions that should be answered before moving forward? 

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