Sign up to save your podcasts
Or
Share Real Estate Appraisal Between The Lines
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Real Estate Appraisal Between The Lines
Real Estate Appraisal Between The Lines episodes
- Episode 123 - Do You Claim to Be a Wise Person?
Episode 123 - Do you Claim to be a Wise Person?
Wisdom comes from the knowledge that you don't know everything and that there is always more to learn. Even if you are at the top of your game, there something else to consider. Are you truly a wise agent?
SHOW NOTES
- 05:25 – Even a nuclear scientist doesn't know everything.
- 06:50 – Communication is a huge part of wisdom.
- 07:45 – If you truly know about a subject, you must be able to explain what it is.
- 08:50 – You must also be open to communication and conversations from others.
- 12:10 – Education is key to gaining wisdom. You can always learn more. Never stop learning. Fine tune your knowledge.
- 13:30 – Take the opportunity to education someone else. Helps you and helps the other person.
- 15:15 – Enjoy a warm or cold beverage with someone else
- 15:45 – Help me, help you.
- 15:55 – Chinese philosopher Confucius saying. Be like Confucius.
SHOW LINKS
- Kansas, "Carry on Wayward Son" - https://www.youtube.com/watch?v=2X_2IdybTV0
- Confucius - https://en.wikipedia.org/wiki/Confucius
BETWEEN THE LINES LINKS
Email
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?
18 min - Episode 122 - Why You Should Hire an Appraiser
Episode 122 - Why You Should Hire an Appraiser
Plain and simple: Liability is increasing for agents on many levels. Hiring an expert has always been the best practice, so consider hiring a competent appraiser for your next
SHOW NOTES
- 01:40 – Hiring an appraiser is "worth it."
- 03:20 – You don't need to hire an appraiser for every single property, but if something causes concern, it would be a good idea to hire a professional.
- 05:20 – Just like you would hire an expert for taxes, legal issues, and title concerns, you should hire an appraiser to mitigate your liability.
- 07:15 – Choose your appraiser carefully. Not every appraiser is suited for your needs.
BETWEEN THE LINES LINKS
Email
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?
11 min - Episode 121 - My Way is the Right Way!
Episode 121 - My Way is the Right Way! Featuring Cate Waggoner-Lee
There is more than one way to skin a cate (what a gross analogy). Your way might work, but guess what, mine probably does too. Don't get so ingrained in your position that you miss another perspective. Adjustments, comparables, and value are subjective, so don't get mad when someone thinks something different than you. It is okay to agree to disagree.
SHOW NOTES
- 03:10 – Change your attitude. Cate is the softer side of Brian.
- 04:10 – Not just one value on a property.
- 05:45 – Appraisers and agents tend to agree there is a range of value.
- 07:10 – There are many properties that are comparables. Your comparables are not the only one.
- 08:15 – If you think your comparables are good comparables, explain why you think they are the most comparable.
- 10:25 – How do you present your information to an appraiser or to an agent? "I'm trying to help you out."
- 12:00 – More than one way to come up with an adjustment.
- 13:35 – Grammar police correcting Brian.
- 15:25 – Is there ever a time when a lender will "require" one way to come up with an adjustment?
- 17:45 – Lenders, this message is for you too: there is more than one way to review and underwrite an appraisal report.
- 19:45 – Just because I'm right, doesn't mean you are wrong.
SHOW LINKS
- Origin of "More than one way to skin a cat" - https://grammarist.com/phrase/more-than-one-way-to-skin-a-cat/#:~:text=There's%20more%20than%20one%20way%20to%20skin%20a%20cat%20means,Yankee%20Life%20by%20Seba%20Smith.
BETWEEN THE LINES LINKS
Email
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?
22 min - Episode 120 - Should an Appraiser be a Licensed Agent?
Episode 120 - Should an Appraiser be a Licensed Agent?
Being agent could give the appraiser a much needed perspective that would be beneficial in the valuation of property. Seeing what buyers and sellers are doing in the market can be invaluable to providing credibility to an appraisal report. You don't have to sell homes to get a perspective that will set you apart from other introverted appraisers that are stuck in their own bubble.
SHOW NOTES
- 04:05 – Should an appraiser be a licensed agent? Yes, but hear me out.
- 05:10 – The appraiser's job is to mimic what a buyer would do in the market.
- 07:10 – An appraiser doesn't have to sell real estate to have their hand on the pulse of the market.
- 08:15 – Being an agent can provide a broader picture. The lens is more focused to be a better appraiser.
- 09:05- Prior to 1989 there was no such thing as an appraisal license. Real estate brokers were the appraisers.
- 11:25 – Big benefit to having a real estate license.
- 13:25 – Pointing the finger to agents too…take an appraisal class.
SHOW LINKS
- Real Estate Class – indianarealestateinstitute.com
BETWEEN THE LINES LINKS
Email
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?
15 min - Episode 119 - Condos: The Silent Change for 2022
Episode 119 - Condos: The Silent Change for 2022
The tragic events of the Florida condo complex in 2021set the stage for some big changes from Fannie Mae regarding requirements for condominium properties. If you are an agent, lender, or appraiser, you should start asking questions and recognize the liability the changes will have to your practice and transactions.
SHOW NOTES
- 03:07 – June 2021 tragic event with the condo collapse started the changes.
- 04:35 – Concerns with deferred maintenance, structural problems, and property damage.
- 06:10 – Fannie Mae will not buy loans if the property has significant issues.
- 07:32 – If there are defects in the community, it could affect a single unit owner.
- 08:35 – Special assessments by condo management.
- 10:50 – Form 1076 (in the show links below) is an 8-page disclosure document.
- 12:05 – Disclosure and legal responsibilities are now more prevalent for owners and agents.
SHOW LINKS
- Fannie Mae Disclosure Form - https://singlefamily.fanniemae.com/media/15656/display
BETWEEN THE LINES LINKS
Email
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?
16 min - Episode 118 - Adjustment Guidelines
Episode 118 - Adjustment Guidelines
A quick note on things to consider when adjusting your comparables. The relationship between them and the sale price may be an indicator of comparability.
SHOW NOTES
- 02:30 – Old adjustment guidelines.
- 05:10 – The guidelines do have some relevancy but are not critical to maintain.
- 06:30 – Why is this important?
- 08:00 – Explain why you made the adjustment.
- 09:30 – If you are exceeding the old guidelines, maybe the property is not very comparable.
BETWEEN THE LINES LINKS
Email
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?
12 min - Episode 117 - Why Doesn't The Appraiser Use My Comparables?
Episode 117 - Why Doesn't The Appraiser Use My Comparables?
This question is asked almost as often as why do appraisals come in low. The best question, why is your comparable worthy of use?
SHOW NOTES
- 02:40 – The agent can suggest potential comparables.
- 03:27 – Appraiser: "I can't use the comparable."
- 05:15 – Example of when an appraiser might use your comparable.
- 06:30 – Explain why the appraiser should use your comparable.
- 09:10 – Have you given any compelling reason to use your comparable?
BETWEEN THE LINES LINKS
Email
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?
14 min - Episode 116 - Why Can't We All Just Get Along?
Episode 116 - Why Can't We All Just Get Along?
The world is an angry place. Take the time to see another perspective and realize there is more than one part of the conversation.
SHOW NOTES
- 03:10 – It's tough to think of the other perspective.
- 06:10 – Will Smith and Chris Rock situation.
- 07:15 – Agents have disgust for each other.
- 08:45 – Act like a professional.
- 09:55 – Take a step back and think about the other side.
BETWEEN THE LINES LINKS
Email
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?
14 min - Episode 115 - Where is the Industry Heading? Featuring Steve Crellin
Episode 115 - Where is the Industry Heading? Featuring Steve Crellin
Steve Crelling with Yawkey Way Appraisals joins the show again to impart his "wisdom" on various changes in the appraisal industry. We hear his take on where things are heading in our community.
SHOW NOTES
- 01:55 – Hello Steve.
- 04:00 – Lender policies are dictating many processes.
- 07:00 – Changes coming down the pike.
- 12:25 – The failed execution of Fannie Mae for the ANSI standard.
- 15:00 – Desktop appraisals.
- 19:25 – How will desktops affect bias in appraisal?
- 23:00 – How does an appraiser get sent to appraisal board?
- 25:20 – Will these changes push appraisers out of the industry?
- 27:50 – These changes will affect agents.
- 32:30 – Where is the Brian and Steve "thing" going?
SHOW LINKS
- Steve Crellin - https://www.facebook.com/YawkeyWayAppraisals
BETWEEN THE LINES LINKS
Email
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?
38 min - Episode 114 - ANSI Standards are HERE!
Episode 114 - ANSI Standards are HERE!
ANSI standards define how residential property should be measured for square footage. Fannie Mae has adopted this standard and it WILL affect agents. Are you ready?
SHOW NOTES
- 02:15 – What is ANSI? Sets a standard to measure property. This will open more liability to agents.
- 04:15 – Steve Crellin gave a presentation and reported about agents being mad about these changes.
- 05:20 – This is how to measure property. It is NOT how to value property.
- 07:55 – Red flags to watch for on properties. Separate living space.
- 10:00 – Measurements are taken from an exterior perspective. Rounding is made to the nearest inch or tenth of a foot.
- 12:00 – Classroom questions: sunrooms and bay windows.
SHOW LINKS
- ANSI Standards - https://www.e-rallc.com/ANSIstandards
BETWEEN THE LINES LINKS
Email
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?
18 min
About Real Estate Appraisal Between The Lines
From the publisher's feed
Brian Lee is an acclaimed real estate appraiser, broker, instructor, and construction expert with over 25 years of experience. He received his bachelor's degree in Finance and Real Estate from Indiana University. (GO Hoosiers!) After a disappointing attempt at being the next Jedi Master in the latest Star Wars movie, he discovered the "Force" was strong with him as a Real Estate appraiser and speaker.
Brian's knowledge and experience has taken him across the galaxy to train agents on topics including: real estate appraisal, agency, brokerage, business operations, contracts, and investing.
He loves helping agents provide value to their clients by adjusting agents' perception and knowledge of valuation, CMA prep, and appraisers. When Brian isn't yapping in front of an audience or assisting agents to achieve real estate mastery, he attempts to keep his wife happy and occasionally makes his kids laugh. (Jedi Mind Tricks don't work on the strong-minded.)
Real Estate Appraisal Between the Lines is all about helping agents understand the pieces and parts of the valuation process, appreciate why appraisers do what they do (besides make agents mad), and by providing tips to write a better CMA. Tune in every week for a new suggestion and an occasion dig at those pesky valuation experts.
Brian currently resides in the Indianapolis area, where he rides his Harley and builds LEGOs. Make your day legendary!