Episode 093 - The Comparable Is Wrong
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
Web
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?