The Appraisal Cast

Have you ever tried to apply 'common logic' to the appraisal process?  How about this:  have you ever said, "Market value is whatever someone wants to pay for a house" ?  If so, you'll want to listen to this podcast.  Ryan discusses that question, as well as more in this episode.  

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Guide to Apprais...

If you're about to list your home for sale, you may be thinking about getting it appraised first.  In this podcast, Ryan discusses several reasons why it's a good idea to get your home appraised before listing it for sale.

Be sure & listen all the way to the end for a little surprise from Ryan!

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Gui...

It's one of the questions on everyone's mind.  What can I do to increase the value of my home?  In this episode, Ryan discusses some improvements you really should consider, some you should not consider, and others that might be necessary, but won't likely return much in market value.  

 

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Guide to ...

The appraisal has been ordered on the home, and the appraiser has reached out to schedule the inspection.  But it's that appraiser.  You know, the one you don't want.  Is it ok to ask for a different appraiser?  Or is it ok to complain to the lender and get the appraiser reassigned?  Ryan looks at the answer and gives a warning in this episode.  You don't want to miss this one if you're in sales or lending!

 

The Appraisal Cast is ...

We get this question a lot, and it's a unique question in that it gets asked before the apprasal:  "Who should be at the home during the appraisal?"  Ryan offers several answers to this question, and why he thinks its best if a seller is there.

 

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Guide to Appraisals
• The Homeowner's Guide to Apprais...

In this eposide, Ryan Bays discusses the latest Fannie Mae Selling Guide Update, and how it will impact loan officers, Realtors, homeowners, and appraisers.

To read the full Update, visit:

https://singlefamily.fanniemae.com/news-events/announcement-sel-2023-02-selling-guide-updates

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Guide to Apprai...

In this eposide, Ryan Bays discusses how a typical appraisal (for refinance or purchase) may or may not impact your property taxes.  One of the frequently asked questions we get from homeowners is "How will the appraisal affect my property taxes?"  No one wants us to send the appraisal to the assessor!  Listen to our latest podcast and get the answer to this FAQ.

The Appraisal Cast is sponsored by The Guide To Appraisals series of ...

In this eposide, Ryan Bays discusses the various methods, or approaches to value.  We discuss the Sales Comparison Approach, the Cost Approach, and the Income Approach.  After listening, you'll have a basic understanding of all three approaches, and when each might be employed.

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Guide to Appraisals
• ...

In this eposide, Ryan Bays discusses when peeling paint can be an issue, and how to deal with it.  Be sure and listen to find out what structures an appraiser will be inspecting during an appraisal, and then the three most important steps in repairing peeling paint.

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Guide to Appraisals
• The Homeowne...

Today's FAQ is comes to us from homeowners everywhere.  It's the last question appraisers usually get, as they're just about to leave the property after inspecting.

"So how long does it take to get my appraisal back?"

We answer this question today!

 

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's Guide to Appraisals
• The Homeowner's Guide to App...

Have you ever sold a home and the appraisal came back under contract price?  If you're a homeowner, and this happens to you, the deal isn't dead!  And, if you're a Realtor, this episode will help you understand the options your buyer or seller have.

It's a topic we've covered at length on the podcast, but as it keeps coming up, we'll keep covering it.

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

Recently, a Realtor friend of mine had a listing with three bedrooms and one bathroom.  However, the only bathroom and two of the bedrooms didn't have 7' high ceilings, required by ANSI.  What were his options?  Did he have to advertise the home as a one bedroom, zero bathroom home?  Find out in this episode when we answer the question, "How are Non-ANSI compliant bedrooms treated?"

The Appraisal Cast is sponsored by The Guide To A...

Realtors, how many times have you had a buyer switch lenders, and wondered if you could use the original appraisal?  Loan officers, how many times have you reached out to an appraiser, and asked them to simply change the name on the report from the old lender to the new?  

In this episode, Ryan discusses appraisal transfers.  Can they be done, and if not - what are the other options?

The Appraisal Cast is sponsored by The Guide To ...

Appraisal waivers are a bit of a mystery, and have often been touted as only a positive thing for borrowers.  They do shorten the time it takes for most to get a loan, but what really is an appraisal waiver, and what are the dangers of waivers?

If you're a Realtor, you'll want to pay close attention to the end of this episode where Ryan gives some good advice about how to uphold your fiduciary duty to your client, even if they qual...

In this bonus episode, Ryan pays tribute to longtime exective assistant and marketing manager, Janna Woodfall.  Check out Matt & Janna Woodfall's two new businesses:

 

• Bear Waves Smoky Mountain Cabin
  • https://www.airbnb.com/rooms/639079058330348773?source_impression_id=p3_1674741145_9zbGxsZZArzv%2B3tB
    
    
• Woodfall & Sons
  • https://woodfalland...

We get this FAQ quite a bit, actually.  Several of our homeowner clients are curious about what happens to the appraisal after we've completed it.  Most hope it doesn't find its way into the hands of the Tax Assessor.  So today, I’ll answer the question, “Are Appraiasls Part of the Public Record?”

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

• The Loan Officer's Guide to Appraisals
• The Realtor's ...

This FAQ came to us from a brand new real estate agent completely new to the process of selling homes.  There’s a lot of people involved in a typical real estate transaction, and it’s very easy to get the players confused from time to time!  In this short blog, I’ll answer the question, “What’s the difference between an appraisal and a home inspection?”

G...