Episode 095 - Credible Equals Worthy of Belief
Episode 095 - Credible Equals Worthy of Belief
The estimated value in an appraisal report is only one component. It may be the most important one to you, but that value doesn’t mean anything unless the value is credible. That is to say it is worthy of belief. The next time you encounter a “low” appraisal, you might want to consider if the value you hoped to attain is believable. Supporting your value is even more important that writing down a number. Brian talks about the value of credibility in an appraisal.
SHOW NOTES
- 03:00 – Appraisals can stir up emotions.
- 04:38 – Brian has been affected by an appraisal that didn’t come in at what he thought it should.
- 06:35 – Credibility is huge in writing a report. Appraisers do not like coming in low on an appraisal.
- 08:18 – Credibility equals worthy of belief.
- 09:45 – Lender can ask to change or even throw out an appraisal because it is not a believable report.
SHOW LINKS
- CMP Appraisals - https://www.cmpappraisal.com/about-our-services/
- Aspen Appraisals - https://www.aspenappraisalservices.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?