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Episode 078 - Generally Speaking About General Data with Steve at Yawkey Way Appraisals
Episode 078 - Generally Speaking About General Data with Steve at Yawkey Way Appraisals
What is better than listening to one appraiser tell you what to do? Having two appraisers with the same twisted mind telling you what to do. Brian invited his and brother from another mother, Steve Crellin with Yawkey Way Appraisals onto the show to talk about a very important topic, data collection.
Quite often when there is a difference of opinion between appraisers and agents, it comes down to data. If they are not looking at the same data, the valuation may be skewed.
This is part 1 of 2, where Brian and Steve talk about the outside influences and data that can and do affect a subject property.
SHOW NOTES
- 00:55 – Introducing Steve Crellin w/ Yawkey Way Appraisals
- 06:00 – Questions asked by agents. What is a comparable?
- 09:00 – Devil is in the details. Pay attention to the small pieces. Are we comparing apples to apples?
- 09:55 – General data described.
- 10:18 – Legal, economic, locational, and demographics.
- 11:15 – Legal components; highest and best use; zoning; HOAs; historical districts.
- 14:10 – Steve’s example of zoning issue with a property that has an ADU (Additional Dwelling Unit.)
- 16:45 – Economic components; market trends; provide support for your conclusions.
- 18:55 – Locational elements; shopping and recreation sources; schools; employment; vacation homes.
- 22:36 – Who is the typical buyer for the property?
- 24:48 – Steve talks about skiing communities in Montana.
- 26:25 – Demographics; age; occupants with children; what is the largest population components and what do they make up in the greatest number of buyers.
- 27:35 – Steve talks about retirement communities. Sun City, Arizona
- 31:25 – Recognize the importance of the general data that affects the subject property so comparables can be found that have the same external influences.
- 33:23 – This is not trivial information. Do a better job for your clients, be intentional, be honest, and have integrity.
- 36:36 – Next week is part 2; Steve will be back to contribute; talking about specific data.
SHOW LINKS
- Steve with Yawkey Way Appraisals – https://www.instagram.com/yawkey_way_appraisals/?hl=en
- Marvel – https://www.marvel.com/
- Step Brothers Quote – https://www.youtube.com/watch?v=e23SotgestI
- “Show me the money” – https://www.youtube.com/watch?v=FFrag8ll85w
- Sun City, Arizona – https://suncityaz.org/
- Loki – https://www.disneyplus.com/series/loki/6pARMvILBGzF
BETWEEN THE LINES LINKS
Web
brianclee.com
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
View all episodes
By Brian C. Lee, Christian Kemp
4.5
1818 ratings
Episode 078 - Generally Speaking About General Data with Steve at Yawkey Way Appraisals
What is better than listening to one appraiser tell you what to do? Having two appraisers with the same twisted mind telling you what to do. Brian invited his and brother from another mother, Steve Crellin with Yawkey Way Appraisals onto the show to talk about a very important topic, data collection.
Quite often when there is a difference of opinion between appraisers and agents, it comes down to data. If they are not looking at the same data, the valuation may be skewed.
This is part 1 of 2, where Brian and Steve talk about the outside influences and data that can and do affect a subject property.
SHOW NOTES
- 00:55 – Introducing Steve Crellin w/ Yawkey Way Appraisals
- 06:00 – Questions asked by agents. What is a comparable?
- 09:00 – Devil is in the details. Pay attention to the small pieces. Are we comparing apples to apples?
- 09:55 – General data described.
- 10:18 – Legal, economic, locational, and demographics.
- 11:15 – Legal components; highest and best use; zoning; HOAs; historical districts.
- 14:10 – Steve’s example of zoning issue with a property that has an ADU (Additional Dwelling Unit.)
- 16:45 – Economic components; market trends; provide support for your conclusions.
- 18:55 – Locational elements; shopping and recreation sources; schools; employment; vacation homes.
- 22:36 – Who is the typical buyer for the property?
- 24:48 – Steve talks about skiing communities in Montana.
- 26:25 – Demographics; age; occupants with children; what is the largest population components and what do they make up in the greatest number of buyers.
- 27:35 – Steve talks about retirement communities. Sun City, Arizona
- 31:25 – Recognize the importance of the general data that affects the subject property so comparables can be found that have the same external influences.
- 33:23 – This is not trivial information. Do a better job for your clients, be intentional, be honest, and have integrity.
- 36:36 – Next week is part 2; Steve will be back to contribute; talking about specific data.
SHOW LINKS
- Steve with Yawkey Way Appraisals – https://www.instagram.com/yawkey_way_appraisals/?hl=en
- Marvel – https://www.marvel.com/
- Step Brothers Quote – https://www.youtube.com/watch?v=e23SotgestI
- “Show me the money” – https://www.youtube.com/watch?v=FFrag8ll85w
- Sun City, Arizona – https://suncityaz.org/
- Loki – https://www.disneyplus.com/series/loki/6pARMvILBGzF
BETWEEN THE LINES LINKS
Web
brianclee.com
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?