Episode 076 - It Depends
Ever ask an appraiser a question and all they give as an answer is “It depends”? Why can’t they just give a straight forward answer? There are many reasons for that and B gets into that in this episode.
SHOW NOTES
- 01:10 – Asked many questions, and the answer is usually it depends.
- 02:30 – How much is a basement worth? A garage bay?.
- 03:20 – The appraisal process is not linear.
- 03:55 – Adjustments are the most common question for appraiser.
- 04:10 – Variables change the answer. Value of property, diminishing returns.
- 05:10 – Basements: value, finished area, quality, partitions, windows, walk-out.
- 05:45 – Tandem garage description.
- 06:40 – Specific answers would be nice, but many variables change the answer.
- 07:00 – Valuation is hard to learn.
- 07:40 – It takes time to learn the valuation process; the mechanics, the process, etc.
- 09:00 – Appraisers are worth their money because they know how to work through all of the data points.
- 09:30 – Steve, Yawkey Way Appraisals.
- 10:15 – Forget about adjustments.
- 11:55 – Most things are missed because you didn’t grid or fully analyzed element.
SHOW LINKS
- Turkey Run State Park – https://www.turkeyrunstatepark.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?
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