Episode Transcript
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(00:01):
Hey, everybody, it's your board. Gary Levox of Rascal Flats Beaumont.
I made a lot of friends thereon the road. And what are my
friends that you need to meet,especially if you're selling your home is Dana
Simmons of Dana Simmons Realty. Herteam is the real deal, top shelf,
next level, and she makes itso easy, and I like easy
and remember, sell your home nowgone, hesitated to Simmons real Estate.
(00:31):
Good afternoon, everyone, and welcometo the Dana Simmons Show. My name
is Andy Hemmings with capital title,and I'm the guest host today and I'm
so happy to be here beautiful Saturdaytoday here in Southeast Texas, and we
have a fantastic show for you today. You know, real estate is a
(00:51):
team sport. There's so many differentplayers that are involved in the transaction and
so many different things to cover thatyou as a consumer or need to know
about when you're when you're buying andselling a home. And so I'm just
very pleased that, first of all, that Dana has me on here today
as the host, and I'm especiallypleased with our two guests that we have
today. We have mister Curtis Carrwith the Home Team home inspection service.
(01:15):
He's got a lot of stuff toshare, a lot of stuff to share.
Also, we have mister Charlie Pierce, who is a local home appraiser
who's going to share his wisdom,his information, his experience on appraising properties
down here in southeast Texas. So, y'all, we got a lot of
good information to cover today. Ifyou're looking at selling your home, make
(01:37):
sure you're tuned in and listening,because we're really going to be talking about
talking about that process. To startoff, though, let's let's learn a
little bit more about our guests heretoday. Curtis, tell me, tell
me a little bit about yourself.How long have you been in the business
and give us give us a scoop? All right, I'll give you the
short version. I've actually been inthe real estate business as an inspector for
(01:59):
just almost thirty years, which hasgone by so fast. Yeah, you
actually are one of the first agentsI think I met many many years ago.
That's right, we go way back, Yeah, we do. I've
actually been living in Beaumont all ofmy life, so you know, I'm
one of the folks that really likesit here. So I've never left.
(02:19):
I like it here a lot ofthings to do strategically in a good spot
right in between the lake and thebeach, and so I love the area.
And so I really have enjoyed thoughthe real estate industry all these years.
It's it allows me to meet lotsand lots of different people, go
in houses that you pass on theroad all the time. You say I
(02:40):
wonder what that house looks like,and say, well, I get to
go in them, and so it'sbeen a lot of fun. How many
inspections would you say you've dined?Well, we're a national company. Home
Team is with about one hundred andseventy five offices. At one time,
the Beaumont office was one of thelargest. We were. I think I
got as high as number three inthe nation at one time. You're oppressive,
(03:02):
it is, uh. And Igot a plaque from our corporate headquarters
last year that we had gone overtwenty thousand, Wow, twenty thousand inspections.
Yeah, I got some questions foryou about what all you have found
in those twenty thousand inspections. Great, and so a lot of your family
is still around here and uh,yeah, yeah, I've got my two
(03:23):
sons live here. I've got grandkidsthat are here, Grandpa. Now,
oh yeah, that's uh that thatchanged everything we had those grandkids. Yeah.
Uh tell me how far out doyou go with your inspections, like
what's your territory? Well, youknow, that's a good question. Um.
We typically will go down to thebeach on a regular basis, and
(03:44):
occasionally I will drive up as faras uh the lakes up around Toleda and
sam Rayburn Rayburn Country. I'll goup there pretty often. Uh. You
know, I'm not going to goover to Houston and don't go that far.
And with our state license, Ican't go past the Louisiana border right
on that side. We'll go overto Orange. Okay. So it's still
a pretty big area. Yeah,that is a big area from the lakes
(04:04):
down to the beach. Absolutely.That's good, good, very good,
very good. Mister Pierce. You'reI'm doing good, so good to see
you today. Tell us a littlebit about yourself. We were talking before
the show. You are not fromthis area, but you're down here now.
You're actually from a little further upthe up the border up in Nacodochius.
Right, God's Country, God's country. Okay, good, good.
(04:26):
Tell us a little bit about yourselfand your history in the industry. Yeah,
you mentioned you know, football teamis what in real estates like or
sports. Correct. You know.Yet you're veteran here who's been doing this
forever. I am more of yourrookie okay, um, got seasons,
but no, I've I've been appraisingon my own now for about a year
and a half. Okay, um, But I am from Nacodochus. Um.
(04:46):
Yeah. I live there until allthrough high school and then did college
out in Baylor, a little vocationalschool out there, and then came down
to Beaumont around twenty fourteen. Yeah, and um, yeah, I have
learned to love it down here.It took an adjustment, but I love
it down here. I'm smiling rightnow. His beautiful daughter Amelia is here
(05:08):
as his co host, So hay, I'm here yet she's she's here in
the studio with us, watching watchingdad. That's nishall could spend this time
together. She's loving it. Yeah. So the the appraisal process, you
know, you were telling me aboutthe process of becoming an appraiser, and
it's a it's a even though you'rea rookie. You had to go through
some extensive training and experience. Sotell us a little bit about that.
(05:30):
Yeah, I mean it's tough.Um, the hardest part of any of
it is finding somebody that will trainyou, because you can't just say,
like a lot of professions, Iwant to do this, well, I'm
gonna go to school for it ornot school, and then I'm just going
to apply for a job. Youhave to have an appraiser actually say it.
Yeah, I'm willing to give upmy time, my efforts to train
you. Yeah, under my wing. For the fastest you can do it
(05:54):
is about it. It's about ayear. Yeah, that's you said.
At forty hours a week full time. It's going to take you about it
here I forgot and it might haveeven changed, but the number of hours
it takes. If if you wereto do it forty hours a week for
a year, yeah, I couldfinish it then. But there's also the
schooling before that. Yeah. Um. So yeah, it's it's not the
easiest of process. And so I'mI'm so fortunate that I am where I
(06:15):
am now. It's it was acomplete god thing, you know, I
was awesome. I was doing acareer that I don't think I was called
to do. Or you know thatyou're doing some marketing. I was doing
wor marketing. Yeah, some localmarketing. Uh, in the real estate
industry and uh, well hey,you know we all do. We all
had your call to it, andyeah you're incredible at it. Yeah,
(06:35):
hats off. Yeah, but Iused to. Oh I've done it so
many different things. I used to. I used to build guitars. Was
great, but made no money doingit, you know, and uh and
uh, I've done all kinds ofdifferent things. See, I'm glad you
found your calling now, man,come on, yeah, come on,
come on with it, come onwith it. So um, well great,
Well you know y'all have and Iknow, I know you say you're
(06:56):
rookie, but you got a lotof a lot of experience to share and
a lot to share us. We'lllook for would you. I was thankful
my first year in it was insane. You've been busy, oh man,
so busy. Yeah, which hasbeen incredible for me getting off just jump
starting me and on a slow time. You know that would been very hard
yea on my own. So yeah, it's been great, excellent, excellent.
Well, I appreciate y'all both beinghere, and we're gonna dive into
(07:18):
some questions here pretty quickly. Iwanted to I mentioned a couple of things.
Dana wanted me to make sure tomention that her office is open through
the Memorial Day weekend, which isnext weekend coming up. Her team is
going to be working through the throughthe weekend to to take good care y'all.
(07:38):
Also, just kind of on alittle side note, I wanted to
mention something that the Beaumont Board ofRealtors was involved in this morning that I
went and helped out with that.I just feel feel compelled to mention that
it was a company. It's calleda Sleeping Heavenly Peace, and they provide
beds for needy children across the area. That's actually a nationwide thing, and
so this morning woke up, wentand teamed up with some other realtors out
(08:00):
there and it was a really reallyspecial it was. It was pretty special.
So I just want to mention thatif you've never heard of sleep in
Heavenly Peace, it's a great company. It's head up by guy named Jack
Seeley, and they're always looking forvolunteers or donations, but they're providing something
pretty pretty special out there for ourcommunity. All right, So um,
with that, let's go to aquick break, and when we come back,
(08:24):
mister Curtis, we're going to talkto you about the inspection process.
You're listening to the Dana Simmons Show. Would you need to sell your home?
No one makes it easier than DanaSimmons of Danis Simmons. Really sell
your home? Hesitated Simmons's real goodafternoon and welcome back everyone. We are
(08:50):
on the Dana Simmons Show. I'mthe guest host today, Andy Hemmings,
and we have in the studio withus today mister Curtis Carr with Home Team
Inspection Service and mister Charlie Pierce LocalAppraisers. So now's a good time to
mention that if you have any questionsabout the home inspection process or the home
appraisal process, give us a call. Call in. You've got the professionals
(09:13):
here to talk to and ask questions. And that phone number you would call
is four h nine eight nine sixk l VII four nine eight nine six
five five eight four. Would loveto hear from y'all out there. So,
mister Curtis, we mentioned that youand I go way back. Curtis
and I actually used to do somehome buyer seminars together over twenty years ago.
(09:35):
Yeah, so he's been at thisa long time and just so glad
to see you still doing it andall the success that you've had. So
let's just kind of start off witha basic question here. You got a
seller out there that's thinking of puttingtheir home on the market and they know
they're going to have to go throughthe inspection process. Anytime somebody buys a
house, you need to plan onthem having an inspection. It's going to
(09:56):
happen. So if somebody's selling theirhouse, is there possibly a benefit to
do in a pre inspection. Wellabsolutely. I know when we first started
into this, that was not somethingyou'd ever hear of being done. But
sometime after that it became kind ofpopular, and it's really smart, I
think, because, like you justsaid, every house that sells is going
(10:16):
to get an inspection for the mostpart, and unfortunately that seller may not
know about some of the things thatare fixing to be found and they're going
to be negotiating and say, well, wait a minute, there's nothing wrong
with my roof, my air conditioneris working. Fine, what are you
talking about? It's a brand newair conditioner and it's like ten years old.
That's what they always say in theirmind, is brand new, right,
Yeah, that's right. Yeah,that's right. So to me,
(10:39):
it just makes sense too if Iwas going to sell a house, to
have a seller's inspection done ahead oftime, so I get a heads up
what that buyer's inspection is gonna find. They're still going to get one.
They're not going to rely on yours. They're gonna get their own, but
I don't know ahead of time,And that way I can then put things
in categories. I can say,well, here's something that's probably so small
that doesn't really adder not worried aboutthat. Here's something maybe I'll go in
(11:03):
and have that fixed ahead of time. Or maybe there's something that I just
don't want to spend the money on. I'll just disclose this and we'll just
see what happens on that. Soone thing to point out, and those
are good points that you make there. It's gonna it's gonna be discovered anyway
it's gonna come up, and havingit discovered ahead of time before that house
(11:24):
goes on the market gives the selleran opportunity to correct it or address it
in some way so that when theydo get a buyer, their deal doesn't
get derailed because of that because thatinspection report. Because a lot of times
deals fall through based on the inspectionreport. So that can just keep that
keep that from happening. One thingto mention is that if they do get
an inspection, if they do getan inspection, that report then does have
(11:46):
to be disclosed to any subsequent buyers. And I'm I'm saying this, so
if you're looking at selling your hometo do it, definitely talk to Dana
and her team about this because itis a requirement that they do that.
So but what but what you cando. You can actually do a follow
up inspection. If the seller doessome repairs, you can come back,
do a follow up inspection and thencorrect, not correct the report, but
update the report. That's right.We occasionally do that where the buyer may
(12:11):
get a copy of a seller's inspectionreport. Now, the date on that
report's important, okay, because itcould be that you know, this house
has been on the market for ayear and this thing took place, the
inspection place a year ago. It'snot current, right? Is it still
accurate? Perhaps it was done lastweek and so you'd assume, well,
maybe it is still current. Sowhat we might do for the buyer is
(12:33):
they could hire us to go backout and to be a limited inspection to
certain things. Maybe they've been givena summary page and they're saying, I
don't need you to inspect the wholehouse, but could you just check this,
this, this, and this,and you know how much would you
charge to do that? And saysure you can do that? Good,
good, fantastic. So um,let me ask you what are like when
(12:56):
all these inspections that you have donebefore. I see you've got some notes
there, any anything in particular youwould recommend to folks looking at putting their
house on the market, or evenbuyers it might be out there. Well,
yeah, you know, I wastrying to think of what would be
a good question that somebody might askabout this, and I think probably it
involves which items should I repair andwhich items should I not worry about.
I get asked that all the time, and that becomes a judgment, and
(13:20):
two different people might have a differentjudgment, two different inspectors may have a
different judgment. Or what's important andwhat's not. But typically the way that
I would explain that to someone wouldbe it's going to be based on the
cost of that repair. They mightsay, is that a major item or
not? And say, well,it depends on how much it costs.
If something is a you know,a fifty dollars item, I wouldn't say
(13:43):
that's a major item. But ifit's a you know, five thousand dollar
item, well, yeah, that'snow a major item. So at the
point where the report gives the listof the things we've found, at that
point is where the process us wouldstart and the agent would come in and
start helping the seller or the buyernegotiate where they're getting bids on things,
(14:07):
and at that point they'll know exactlywhat something would cost and may if you're
a seller, make a decision orwhether you know, is this thing on
the roof something that I'm concerned aboutSince the roof's not actually leaking, am
I going to be concerned about that? Or what? You know? I
remember I recall from back in theday when I was real estate agent.
UM, we would get these reportsand and just sometimes the way they're written,
(14:30):
it sounds like the house is aboutto fall in. I mean,
it just and it's just it's justbecause of the verbiage that y'all have to
use. But a lot of times, what what's on a report. It
may look real daunting and it buta lot of times it's something easy and
relatively simple to fix. So tellme about how you work with anybody that
has an inspection and they haven't theyhave questions on it. And I remember,
(14:54):
I remember you were really good whenI was an agent and I would
get I would get an inspection reportfor me, and I would call you
and I would have you explained itfurther. So tell me about that,
about your consultation with the with yourcustomer after they have the inspection. Okay,
we really put a lot of effortinto doing the very best that we
can on that. I try mybest to explain things and write things in
(15:16):
a way that everyone will understand.I don't necessarily use the correct technical verbiage.
Sometimes I may use the layman's termso that I know this person knows
what we're talking about. And Iknow the state does have some rules on
what we've got to say, andwhat we don't say is they have a
lot of rules and a lot ofpeople don't know that. Y'all are just
going by the guideline set by theTexas Real Estate Commission. That's the standards
(15:37):
of practice, I think they callit. That's correct. Now, I
do have an advantage there that inthose years when I was on that committee
i participated in I do understand themvery well. But but you know,
back to your question, I'm goingto try my best to put a report
together that is not real wordy,but gets right to the point, maybe
(16:00):
has pictures of exactly what we're talkingabout with arrows. And we've already talked
to the client on site about thesethings, so that now when it's time
for them to sit down with theagent and everybody's got the report in front
of them, there's no question ofwhat we're talking about. Yeah, and
we certainly are available to answer anyquestions if there are any further questions.
(16:21):
Yeah, I just have to sayyou were always so good about that,
just great with the follow up.And I remember even having just general questions
on something you didn't even inspect.I'm like, hey, dude, we
need to do this. What doyou think about this? And you you
were always real good about that.And I definitely appreciate that. Well,
believe it or not, my officeis across the Highway from Parkdale Mall on
(16:44):
Concord. Yeah, the wh y'allbought that propert. Yeah, yeah,
it was a good deal. Wegot there, and we've expanded the building
since then. Believe that's a lotbigger now. But I do actually take
lots of calls almost every day,from a lot of times an agent with
a technical question. And I enjoythose kind of calls. I really enjoy
talking about things like that. Andif I can help it doesn't matter whether
(17:07):
it was a job we did ornot. If there's some question about a
roof or something that I can helpwith, give me a call. Well,
that's a great service you're providing becauseyou know, it's commonly said,
and it's very true that you're home. The purchase of a home and the
sale of a home for that matchthe largest transaction you're going to ever be
involved in, and so you definitelywant to make sure that when you're buying
(17:29):
a home that you have it,that you have it checked out. And
not only a home. You knowwe were talking just before the show,
you do some commercial properties too.You do commercial inspections and you've done some
big ones. A lot of peopledon't think about that, So tell me
a little bit about that. Yeah, you know, it's kind of an
unusual thing in the real estate inspectionmarket. Most of the inspectors I know,
(17:51):
and I know a lot of themfor the most part, don't do
commercial inspections, and if they arean inspector that will do it, it's
usually isolated it to maybe some smallerpieces of property. Are there different standards
for a commercial inspection than a residentialThere is, there's different codes, but
there's different codes, okay. Andthe Real Estate Commission, the way that
(18:11):
the rules are set up, theirguidelines pretty much are involving us having to
use the standardized reports what it's calledon a house that's residential or an apartment
four units or less, okay,so five units are above. Even though
I still have to use the sameguidelines, I don't have to use that
report. Now on a commercial inspection, I don't have to use that report,
(18:34):
and the guidelines don't apply from thatthat there is no soop that the
state has given us on that,okay. So that means an inspector has
got it on his own, becomeproficient on what is involved in a commercial
inspection there, So there's no additionaltraining that y'all have. That's kind of
like real estate agents. Once youget your license, you can sell residential
and commercial maybe the same thing,but the different Okay, we'll get to
(18:56):
that, all right, So I'mlooking at Charlie here, But as an
inspector, you can do a commercial, but you need to know what you're
talking about, because y'all are youknow if I imagine there are some if
you have an unhappy customer, let'ssay that and they find out you weren't
proficient enough, if it could comecome back to you in some way.
(19:17):
Yeah, if you think about aregular home inspection, I mean, the
purpose of it is to inform theconsumer of the condition of the house.
It's all about consumer protection. That'sthe state mandate there you go with our
licensing, right, and so whatis the consumer then going to do?
Well? The buyer is going totake that report and negotiate with a seller
through their agent to see what kindof a deal they can get. Can
(19:38):
they improve their deal, can theymaybe lower their price? Can they get
a free roof out of it witha seller past for it? There's all
kinds of ways that can happen.And so if you apply that same idea
to a commercial building that now maybetwenty or thirty million dollars, right,
you could see how it could beeven a bigger benefit to an investor or
(19:59):
a from the standpoint of them negotiating. Yeah, definitely, good point.
Good point. Well, good toknow residential and commercial inspections. All right,
very good, great information, Thankyou sir. This is Andy Hemmings
hosting on behalf of the Dana SimmonsShow. Y'all stay tuned, and next
we're gonna hear from local appraiser misterCharlie Pierce. Would you need to sell
(20:22):
your home? No one makes iteasier than Danas Simmons of Danas Simmons,
really sell your home, hesitated Simmons. Welcome back everyone. This is Andy
Hemmings hosting on behalf of the DanaSimmons Show. And we just heard from
(20:44):
Curtis Carr over at the Home TeamHome inspection Service, and now we're gonna
talk about another step in the realestate process, and that is the appraisal
process. Anytime that you have aloan involved where somebody's borrowing money to purchase
a home. More often than not, much more often than not, they're
going to want to get an appraisal, and even if even if it's a
cash deal, sometimes you get anappraisal super important part of the process.
(21:07):
And so we have mister Charlie Piercewith us here, and Charlie, I
know you've got a lot to talkabout, but one of the one of
the first things I think is kindof interesting to cover is what improvements add
value to a home and what improvementsdo not add value to a home.
That's sometimes that surprises seller. Pools, workshops things like that. Talk to
us a little bit about that.The number of calls a week I get,
(21:30):
you know what I want to puta shop in and I'm like,
yeah, you know, the anyappraiser will tell you you're not going to
get a dollar for dollar adjustment foranything you put into your house. And
I tell people all the time,Look, if you're wanting to improve your
house, number one, do itfor yourself. And they get go,
you know, look, I wantto pool. We'll do it for yourself.
Then don't do it with the ideaof I'm going to build this pool
(21:52):
and I'm going to get that fiftythousand dollars back, you know. Are
people often surprised by that when youtell them for sure for sure? Yeah?
Yeah, And so I'm glad theycall because I know ahead of time.
But so that's something I always tellis people when they call. But
also I think if you are wantingto improve your house, go with the
mindset of look, you're selling yourhouse. You're competing against everyone else that's
(22:15):
selling their house. So what dothey have? You don't you know?
And I always tell them to startsmall. So curb appeal is a big
deal to buyers. You look atthe outside of a house, is you
know, is the house paint?Do you have fresh paint on your house?
You're you are taken care of.These are very small things. But
(22:37):
from what I've seen in the market, the more and more you're spending,
the less and less you're getting back. But if you are wanting to update
or needing to update, most buyersare interested in two main areas. That's
going to be your kitchen and yourbathrooms. And so if you are needing
wanting thinking this is where we're wanting, we're going to update something, those
(23:00):
are the areas I recommend putting yourmoney because you're most likely to get your
money back because you're gonna have buyerslooking at those areas, and so I
see a lot of that. Yeah, yeah, that's good. That's a
good point. You know. Wemy wife and I we put in a
pool a while back, and weput in a little art studio for her
so she could go work her magicand all the various things she does.
(23:22):
But I did it. I lookedat how much we were putting in and
I said, well, you know, I may get may get twenty twenty
five percent of this back. Maybeyou know who knows. And it's hard
to say, it's hard to quantify. And I know you probably get that
question. Okay, I'm spending onehundred thousand on a pool. How much
am I going to get? It'sreally an impossible thing to answer, right,
And well, you know, Ithink it's also important to look at
(23:44):
your markets. It's you're in.If you're in a market where every house
in your smallest neighborhood they all havepools and you don't, that's a time
when you do consider, Hey,look if I want to increase the value
of my house, because as anappraiser, your comparables are going to be
in your market. You know,right, don't look and say, hey,
you know what, every house isa pool, I'm gonna build a
(24:06):
thousand square foot shop, you know. I mean, think about what buyers
are gonna want in your areas.It was I did one not long ago.
It was in Lumberton. I forgotthe neighborhood. But he built this.
I mean he puts ninety thousand heclaimed into this tiki towards looking bungalow,
two story bungalow in his backyard andwas shocked. He's not getting all
(24:29):
that money back from that. Andso you gotta have to look at your
market as well where you live.Those houses comparables, what are they doing
when they're upgrading their house, becausethat's what a buyer in that area is
going to look at. And asan appraiser, those are the comparable houses
I'm going to look at and usegreat point because and that's another thing I
wanted to touch on is the processthat you go through as an appraiser to
(24:51):
establish a value on a home.And you know, some folks out there,
they just think they can take threehouses that sold nearby and average the
cost or something like that and there'stheir value, right. But there's a
pretty detailed process that y'all go throughcalled a sales comparison approach where you make
adjustments to the comparable sales in orderto find the value of that particular home.
(25:15):
So talk to us a little bitabout that. I think you'll have
to have what like three comparable salesand what is a comparable sale? Yeah,
so our guidelines similar curse are thatwe have to have at least three,
and you'd like to have a fewa few more I do at least
just to really back that value upthat you're finding. But the starting of
this is researching your market. AndI like to go to your smallest market,
(25:38):
which initially is going to be yourschool district, but you can break
it down even smaller. If you'rein you know, the Brentwood, you
know the area, if you're inDelaware, place wherever you are, go
to your smallest market and look forcomparable houses there that have sold recently.
Geographically close. Geographic got you allright, And you don't want to go
further than twelve months out, Okay, especially if you're doing a FAHA or
(26:00):
VA. You cannot go past twelve, but you want to stay within those
twelve months to find recent sales.And it makes sense. You want what
the markets doing right now. Twelvemonths a lot can change, right exactly,
and so you want to find themost recent sales. But of course,
if I'm doing I had like threethis week in Warren. If you're
out there in rural areas, yournumber of comps drops largely, you know,
(26:22):
I mean there's not a lot ofhouses to compare for them. And
yeah, I mean I just didone with like twenty five acres out there
and the house was like seven hundredsquare feet. You know, you find,
but I love those, you know, It's each each appraisal is almost
like a new puzzle, you know. I have to look at and break
down, decipher, figure out andfind. And so I talked to realtors
(26:42):
a lot about that, um becausethey'll say, man, I got this
house and Warren, and how whereyou find comparables and those instances you are
going to be going outside of yoursmallest market because in rural Texas there aren't
like for like comps. Yeah yeah, And so what what the bank that
is loaning the money? Because mostof the time you're working on behalf of
(27:03):
the bank, right, yes,for the for the most part. But
yeah, so the bank buyers gettinga loan, the lender then has to
order an appraisal through an appraisal managementcompany typically, And so you're operating on
behalf of the bank because the bankwants to know, all right, we're
loaning this money. We want tomake sure that we are we understand the
value of this product that we're thatwe're that we're loaning money on. Yeah,
(27:26):
yeah, yeah, and so togo back. So essentially, you
want to start to find comparables,which our house is like yours? Sure,
um, that could be a brickhome, is it on a slab,
on a peer and beam? Youwant to look at your square footage.
You know, if you have ahouse that you're saying, oh yeah,
that's a comparable, it's a fewdoors down, but it's you know,
a thousand plus square feet larger,that's not really a comparable house.
(27:47):
Your age is a factor, youknow, comparable is not going to be
a brand new built house in asixty year old home. Right, So
there are a lot of factors thatwe put into that to determining what a
comparable is. It's all of thosethings. It's the condition of the house,
has it been kept up. Ahouse that's been completely remodeled is not
going to compare it to a housethat has had no updates in the last
thirty years. Yeah, and y'alland y'all can make adjustments based on the
(28:11):
y'all like y'all have a I thinkit's a Q code on the approach,
you're good if our call right Qone to Q four Q one, Q
four and then there's the same witha C. So your Q is your
quality adjustment. Your quality is morelike your bones of the house. You
know, UM, when you walkinto the house, how does it feel?
And that can also determine you know, your slab here and beam your
(28:32):
condition. That's where you're looking ata new build to remodel, build to
how the house is up kept,you know, have it taken care of
it is? Um? Have theyupdated appliances, have they updated you know,
paint, cabinets, the bathrooms,all those things. But we look
at all those all those factors we'rediscussing, including fire, fireplaces, your
garage, count all of that UM, and then you adjust. We have
(28:56):
we have figures we extract or atleast I do I extract from fine similar
homes and saying Okay, based offthe the price per square footage this house
is selling for this much difference fromfrom a Q two to a Q three
and using that figure to then makean adjustment. Yeah. So if I've
got my subject has, say fourteenhundred square feet, and I find a
(29:18):
great comp you know, same street, but it's sixteen hundred square feet,
so it's two hundred square feet bigger, I'm going to adjust downward from whatever
that's sold for to show an equalvalue of what your subject is worth.
There, Yeah that makes sense ornot? Absolutely it does. It does.
So I'm gonna I'm gonna mention somethinghere and this this may cut down
(29:40):
on your number of incoming phone calls. Great, great, Yeah, he's
like, yeah, what not youguys. Uh So, Dana and her
team Katie Martin as her her listingspecialist, M everything that you're saying.
They are so in tune with this, and when they go out to value
a home, they're using the sameprinciples that you that you all use.
So I know Dana Simmons team doesa really good job with with establishing the
(30:03):
value because they know when they geta buyer for it, it's going to
have to be run through the sameyou know parameters if you will. So
it's always a good idea. Likebefore you put your home, if you're
looking at selling your home, Ucalled Dana's team and talk to them about
it because and and even like ifyou're thinking about adding that shopper, adding
that pool, called Dana's team.They're always happy to help you. They'll
(30:25):
let you know, you know,roughly what you what you can expect or
not expect to get as a returnon that investment. So be sure to
to reach out to to Dana's teamon that. So let me ask you
this just a little segue here,Um, what have you seen in the
market, say, over the lastyear year and a half, what kind
of changes have you seen from theappraisal standpoint. Yeah, I mean when
(30:48):
I started, which was almost ayear and a half ago, the market
was crazy. You know, Um, people would list their home and get
you know, over asking price forit. And I want to say somewhere
around December of this past year,the market started kind of stabilizing. And
so all the data I've seen showsthat our market is more stable right now,
(31:11):
which is great, you know wherewe want to be in days on
the market have come down to acouple of weeks. So that's how long
your house is on the market versusyou know, the last few months prior.
Your house is in the market fora few months. So I see
an uptick in how the market isgoing. I've seen a lot of overpriced
(31:34):
houses as of late, and I'mnot sure if that's entirely a factor of
people are still thinking, Look,we had that crazy year where houses were
going for so much, my houseis worth that much. And I've had
I've had a few experiences where Ithink that's the case. I just did
when I was so it was areally nice realtor. I don't remember her
name, but I think it washer first deal. And I did the
(31:56):
appraisal, and man, I amtwenty five thousand dollars under the contract,
right, which is a big cometo pitchforks. Man, Yeah, I
know. And so I'm like,oh my goodness. And so I'm a
I'm a communications major, and soI like to just be fluid with with
you know, talking to everybody andobviously and so that's a big deal.
Yeah. So I call her,I'm like, hey, um, what
(32:17):
comparables did you use? And shetold me and she's like, you know,
I came out at this number,which was almost right on with what
I had said. But my clients, the sellers, they thought it was
worth way more and listed it andwe're like, no, we're listening at
this number. Yeah. And soI was really encouraged by that to see,
(32:37):
you know, a realtorum listing itappropriately and doing well. But yeah,
I'm seeing right now a market that'sstable, which is great forum sellers
and buyers because it's a shorter timeyour house would be on the market and
more people wanting to buy. Yeah. Yeah, good, very good.
So the final question here real quick, if a if a seller is waiting
(33:00):
for an appraisal to be done ontheir house, is there anything that they
can provide to you that will helpyou to fully consider everything? Like I
mean, I've heard I remember whenI was a real estate agent, I
would encourage sellers to like, ifany improvement you've made to the property,
like put a little binder out therefor the appraiser to look at anything that
you've done. Does that actually help? Is that something that y'all can look
(33:21):
at. It's funny only because Iremember when I was training one of the
first houses I went to my trainer, saw a booklet and was like,
oh my goodness. I'm like,what, it's great, It's helpful.
I personally I love that because ifnot, if not, I am calling
the realtor my contact and saying,Hey, what updates have they done?
Yeah? Obviously, when I goand look through the house, I can
(33:43):
see a lot they've done. Butmaybe I couldn't entirely see some things they
did. But it helps me understandthe condition that the house is in the
money they put into it, justso I can know what they've done.
But in the appraisal industry and thereports we do, I like to put
as much detail in as possible.And absolutely, if you've done anything to
your house, let me know.You know. Um, if you want
(34:07):
to do a binder, great,If you want to make sure your realtor
tells me, that's great as well. Um. But whatever it is,
I'm all about communication. I'm Itell every realtor I work with, look,
call me anytime, text me.I'm happy to walk through and talk
and help and go through it.So, yeah, paper costs are expensive,
but you know, don't You don'thave to do a binder and paper.
(34:27):
But if you want to go forit. Yeah, got youa got
youa very good, great information.Thank you. All right, we are
going to take another break. You'relistening to the Dana's Simmons Show and we
will be right back. Would youneed to sell your home? No one
makes it easier than Dana Simmons ofDanas Simmons. Really sell your home?
Gone hesitated Simmons rest. Welcome backeverybody. This is Andy Hemmings, guest
(34:58):
host of the Dana Simmon and Show, and I have in the studio today
mister Curtis Carr with a Home Teaminspection service and local appraiser Charlie Pierce.
Been covering a lot of good informationthat you, as a consumer need to
know about the inspection process and theappraisal process. But I've got a question
for you here, mister Curtis,because I know you've been doing us a
long time and you've seen some stuffin your day. What tell us some
(35:22):
of the craziest things you've seen doingthese inspections out there? Well, I
could probably write a book on that. Maybe you should. Some of the
things that I could tell you aboutwere weird, some of them were very
dangerous, some of them were funny. The first thing that comes to my
mind, and I don't think I'llever forget this. I had an older
(35:44):
inspector working for me as years agoand we have radios that we use.
He got on the radio said Curtisneed to come to the kitchen. So
I went in there and he hadthis funny look on the face and he
was at the oven. He saidwatch this, and he flipped the oven
on and off on the rain stop. And I said, well, I
don't know what you're talking about.He goes, you don't see that,
and he just did it again.I said, no, I don't see
(36:04):
what you're talking about. And finallyI figured out that when he would turn
the oven on, the living roomlight was coming on and off. What
And since then I know what causesthat. It has to do with the
way the circuit was run that wasfeeding the oven, that it got tied
to the living room and that hada malfunction. And lo and behold you
could control the living room light andseeing fan with the right rear burner on
(36:27):
the oven. Interesting. Never wouldhave guessed that that was a weird one.
Yeah, definitely. I think thoughfrom a dangerous standpoint. The thing
that I actually do still see thisa lot, and this is left over
from a hurricane Rita that did alot of roof damage. And in some
cases where clients or homeowners would comeback from the emergency evacuation and get on
(36:49):
the phone, first thing to do, get their insurance company out, and
they say, well, you know, half of my roof is gone.
And they would say, well,let's get the roof fixed. Before we
didn't do anything else, and lowand behold, five years later, when
that house gets ready to sell,we find out in the inspection that the
chimney got removed and didn't get putback on, and they've got a fireplace
in the living room that has nochimney in the attic. It's totally open
(37:12):
into the attic. Oh my word, just this year alone, and we're
into the fifth month here. I'vealready seen it a couple of times on
houses here in Beaumont, really thatsame thing. They removed the chimney,
but the fireplace is still there,so somebody could go in there and build
a fire, and you got apotential big problem there. It's almost a
certainty that's going to catch the houseon fire. And in those cases it
(37:32):
just they were lucky they had notused their fireplace. Yeah, so wow,
that's definitely dangerous. Okay, anythingelse crazy you've seen out there that
We were talking just a few minutesago about a friend here who who he's
from, Nakodochus, Nakodochis and Idid an inspection of a house up way
(37:52):
up there in the country round Pilingyears ago. They had been vacant a
long time, and to make along tory shart, the attic was just
full of rattlesnakes. We went upin the attic and the first thing we
saw was all these skins hanging everywhere. And we didn't realize that there were
(38:12):
any live ones up there until laterwhen one of my inspectors up there and
nearly fell through the ceiling trying toescape. Yeah. Yeah, do you
know if that deal stayed together ordid the buyer run? I actually heard
from the agent that that deal didfall through. That's a tough one to
overcome. Yeah, I mean,you're never going to convince that buyer that
all the rattlesnakes are gone. Wow, I'm sitting here thinking, is that
(38:36):
something the seller has to disclose?Rattlesnake infestation? I don't know that's a
that's a new one. Wow.You know that's back before we were using
cameras too. I don't have apicture of that. I wish I had
a picture of that, because Ihave it in my mind. I vividly
picture what I saw when I stuckmy head up there and there's big old
snakes sitting there called up. Wow. Yeah, and the pictures back when
(38:59):
I was age that that wasn't realcommon that they Mayeah, that'd be that'd
be something to see, very interesting. So, mister Charlie, from the
appraisal standpoint, what anything crazy thatyou've seen or any different really challenge Jane
Ones that you've had. I hadone that I mean, i'd say it's
crazy, but it was funny.My grandmother she'd love to show hoarders,
(39:21):
right show Yeah, and uh I'dgo and watch it with her sometime.
But when I was training still,we did a house in Acadosius actually,
and you walk in and the doorwon't open all the way and you've realized
immediately this is a hoarder's house.And so it's imagine walking into a four
year and you've got you know,a foot and a half distance that you
(39:42):
can walk through and around, andthe entire house is like that, and
I mean it was it was nutsto actually see it happened. Um,
because the entire house is like that. Your bathroom, there's no shower.
He was like, Oh, wego out back and we use the hose,
right man. Yeah, and it'sI mean obviously that make sure your
appraisal very difficult, and an inspectiontoo. Yeah. The craziest thing I
(40:04):
signed I saw It was so unbelievable. It was way up in the country.
I think it was in Palestine.But this guy in his basement he
had this the panels on the wall. He pressed a button, they would
open up and this music would beplaying from Batman and then it would open
up and come across and he hadthis full gun range, you know that
(40:25):
then that would open up to thislife size Batman suit. And I mean
when that when that homeowner showed me, that showed us that. I mean
he thought, I'm gonna get somuch money just for this, and I'm
like, that's kind of but it'skind of strange. It was strange.
It was cool, It was reallycool, but oh yeah, it was
strange. It was I was trainingthen, so I didn't have to deal
(40:45):
with that. But well, ifyou happen to get a buyer that was
a Batman fan, dude, youjust home run. Yeah, home run,
home run. So if if there'sanyone out there that wants to get
in touch with y'all, maybe theyhave questions based on everything that we've talked
about, how can they get intouch with you, Curtis, Well,
my office number is four zero nineeight three eight five four four zero.
(41:09):
That's the same number you've had foreverit is. I've had it for almost
thirty years. And even though wedo not open on the weekend, I
do monitor that phone all weekend soyou can reach me just any time.
Okay. How far how far backedup are y'all? Right now? On
inspections, we're usually a few daysout okay, so not too bad,
not too bad. And once again, you cover everywhere from the lakes all
(41:30):
the way down to the beach.Yeah, we will. You know,
we would go further if you know, under certain circumstances. It would just
depend. Yeah, residential and commercial, that's right, an average inspection.
How long does it take? Becauseyou're the home team, y'all got multiple
people coming out, that's right,you know, that's a good question.
That's something that we are very uniquein and experience does come into play on
(41:52):
that. I would say the averagenationwide time for a home inspection maybe three
to four hours something like that.With our team, we can typically do
it in about an hour, andour team would comprise other parts of the
requirement like the termite inspection. Ifyou have a pool that needs to be
inspected, a whale or a scepticwhatever, you've got, good point.
(42:13):
You do pools and whales and everythingtoo. Okay, Yeah, we can
pretty much do whatever it is youneed. Okay, fantastic. So if
you want to get in touch withHome Team inspection service phones are monitored on
the weekend four o nine eight threeeight five four four zero. How about
you, Charlie. You want allmy social handles? Yeah, all the
social handles hashtag awesome appraisers. Yeah. No, you could call our email.
(42:34):
My phone number is nine three six, not changing it six one five
seven three seven six. That's yourgod's country phone number. Come on,
man, you know it. Oryou can email me Pierce Appraising like you're
gonna pierce your ear. But yeah, I go pretty much the same area,
same county, Golden Triangle and I'llgo up Tyler, Jasper County,
(42:55):
Newton County, so pretty much everywherenorth of here I do. I'm not
going to be shit, not okay, so handle that, but okay,
very good, gentlemen. I reallyappreciate y'all being here today. It has
been a pleasure you as well,Miss Amelia. I want y'all to have
a fantastic weekend. This is Andyhemmings On, behalf of the Dana Simmons
Show. Y'all go out and enjoythis beautiful weather this weekend.