Episode 093 - The Comparable Is Wrong Don't let the episode title fool you, we aren't talking about using the "wrong" comparable, we mean the comparable being used has wront information. Nothing is more frustrating than finding comparables properties and then finding out the properties you chose were not listed correctly or accurately. In this episode, Brian talks about how to work through that issue, and explains some of what an appraiser must do to satisfy a lender. Don't worry though, I'm sure the comparable is also wrong too. SHOW NOTES 01:55 – Agents: put in accurate information into your listing sheets. 04:43 – What to look for when using a comparable. 06:50 – Look at pictures. 07:37 – Appraisal perspective: relatively the same as the agent with a few exceptions. 08:40 – Look at tax records. 09:23 – Look at prior listings 11:15 – Call the listing agent about the comparable. 12:27 – Appraiser's issues with lender when comparable has wrong data. 16:15 – Easy fix: use common sense and input your listings accurately. SHOW LINKS Favorite candy in each state – https://www.candystore.com/blog/facts-trivia/halloween-candy-map-popular/ BETWEEN THE LINES LINKS Email brian@brianclee.com Web brianclee.com Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/? YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
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Brian Lee is an acclaimed real estate appraiser, broker, instructor, and construction expert with over 25 years of experience. He received his bachelor's degree in Finance and Real Estate from Indiana University. (GO Hoosiers!) After a disappointing attempt at being the next Jedi Master in the latest Star Wars movie, he discovered the "Force" was strong with him as a Real Estate appraiser and speaker.
Brian's knowledge and experience has taken him across the galaxy to train agents on topics including: real estate appraisal, agency, brokerage, business operations, contracts, and investing.
He loves helping agents provide value to their clients by...