Real Estate Appraisal Between The Lines

Episode 079 - Specifically Speaking About Specific Data with Steve at Yawkey Way Appraisals


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Episode 079 - Specifically Speaking About Specific 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 2 of 2, where Brian and Steve talk about the subject property elements and data that can and do affect the valuation of a subject property.

 

SHOW NOTES

  • 00:55 – Steve Crellin w/ Yawkey Way Appraisals is back, and he is a HUGE Boston Red Sox fan.
  • 05:25 – Recap from last week; outside influences such as legal, locational, and demographics. This week is all about the property.
  • 06:30 - URAR has 23 line items to dissect a property.
  • 08:10 – Look at all of the elements of the subject property. We touch on few elements but pay attention to the details.
  • 08:40 – Lot size; how the home sits on the lot; lot has a huge ravine or on the side of a mountain.
  • 10:55 – View; elements that affect sight, hear, and smell. Farming, airports, and railroads.
  • 14:15 – Design; ranch versus 2-story; multi-level home; historical homes; log cabins.
  • 16:50 – Steve: appraisers saying they “must” or “can’t” do something; all we must do is explain. Episode 72.
  • 19:52 – Quality; composition of the materials that make up the property.
  • 22:15 – Condition; how well have the elements of the subject been maintained; updates to the property.
  • 24:00 – Square footage; difference between above and below grade living area; room count.
  • 27:00 – Bedroom and bathroom count between above and below grade.
  • 29:35 – Car storage; tandem garage; size of garage.
  • 33:40 – Exterior elements; patios, porches, fences, and pools; can affect marketability.
  • 38:25 – Should Steve come back?
  • 39:25 – The details do matter. Pay attention to the specifics about the property.

 

SHOW LINKS

  • Steve with Yawkey Way Appraisals – https://www.instagram.com/yawkey_way_appraisals/?hl=en
  • Boston Red Sox – https://www.mlb.com/redsox
  • Chicago Cubs – https://www.mlb.com/cubs
  • Big Sky, Montana – https://en.wikipedia.org/wiki/Big_Sky,_Montana

 

BETWEEN THE LINES LINKS

Email

[email protected]

 

Web

brianclee.com

 

Facebook

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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Real Estate Appraisal Between The LinesBy Brian C. Lee, Christian Kemp

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