Episode 074 - What to Give An Appraiser
Episode 074 - What To Give An Appraiser
Agents ask the question all the time, “What should I give an appraiser?” The answer is easy, a bottle of Captain Morgan and not a hard time.
In this episode, B talks about what to give an appraiser, how to craft the information, and how to provide to the appraiser. It might take a little bit of work, but that is your job as a fiduciary for your client.
Help the appraiser with information to help your client, the transaction, and possible your sanity for your next appraisal report.
SHOW NOTES
- 02:00 – Don’t give the appraiser a hard time, and probably not comparable sales.
- 02:40 – Give the appraiser information that an appraiser does not know or may not readily be aware of.
- 03:35 – What is a comparable?
- 05:15 – Put comparables on a grid to substantiate your research and purchase price.
- 07:25 – Unique property situations and comparables. If you know of a property that is like the unique property, send that to the appraiser.
- 08:22 – Explain a property that might be a comparable but is not similar based upon condition or motivation, and the property sold under duress.
- 11:05 – Include list of updates to the property with some detail including price and dates.
- 12:25 – Multiple offers are also helpful. Listen to episode 73 about multiple offers. Provide details to the appraiser.
- 13:10 – Explain your position. Write a few paragraphs about how you came up with the purchase price.
- 14:56 – How to get this information to the appraiser.
SHOW LINKS
- HAMCO MIBOR – https://www.facebook.com/HamCoMIBOR/
- The Palladium – https://www.visithamiltoncounty.com/events/palladium/
- Captain Morgan – captainmorgan.com
BETWEEN THE LINES LINKS
Web
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?