The Appraisal Cast

Bonus Episode! As 2022 draws to a close, many will be thinking about making New Year's Resolutions. In this episode, Ryan Bays instead suggests finding a word. One Word. Listen in and learn how finding your One Word can have huge impacts on your life and business. Thanks for listening, and here's to a great 2023!

In this episode, we answer several of the most frequently asked questions our office gets on a weekly basis from Realtors and Homeowners.

One of Ryan's favorite things to do is speak to Realtor offices about appraisals. And inevitably, no matter what topic he is asked to speak on, the discussion turns to FHA appraisals. "What should I be on the lookout for?" "Do I need to make the repairs before listing the house?" "How is an FHA Appraisal different from a 'regular' appraisal?" "Do you have a checklist for me?" Questions surrounding FHA appraisals are many, so we'll wrap up this season with a discussion of FHA appraisals.

Show Notes: https://cutt.ly/wMw9m8j

Selling real estate is tough enough, stressful enough, and sometimes cutthroat enough the way it is. Then you introduce multiple offers on a home and it just gets worse. You've got timing to consider, you've got your client's best interest to protect, you've got other duties you have to fulfill, you have to walk though all the offers with your seller, or try & craft the best offer for your buyer.

And then, there's the appraisal. Listen to this episode to find out how an appraiser handles multiple offers.

Have you ever had a listing that didn't appraise for contract price? It's frustrating, for sure – especially if you feel like you don't have any options! The home didn't appraise for contract price, so the deal is dead, right? Not at all! When this happens, most parties have three options: lower the sale price to the appraised value, have the buyer come out of pocket for the difference, or cancel the sale. But those are all options you'll need to consider after challenging the appraisal.

I can't think of a more polarizing topic – one that has completely shaken up the appraisal industry since the first part of 2022 – than ANSI. In April, 2022, Fannie Mae announced that any home purchased by them will need to be measured using ANSI standards. This has caused more than a little chaos and confusion, so this episode will help clear some of that up for you.

Show Notes: https://cutt.ly/4Z18FBH

AppraiserPreneur is an online community of appraisers where members can grow as an appraiser and a business owner. Where appraisers young and old can mentor each other to reach their God-given potential. Where we can encourage, help, and challenge one another. Where we find that sense of belonging we all long for, and see true transformation.

Find out more here: https://appraiserpreneur.com/

Over the years, we've heard it all. Misunderstandings about the appraisal process are plentiful, and some of those really do affect the way you do business. So this podcast episode will address (albeit briefly) five of the most common myths we've heard. We'll set the record straight, and give you greater confidence the next time one of these issues comes up!

Show Notes: https://cutt.ly/OLt5EBc

Purchasers are paying at and above list price and appraised value, multiple-bids are commonplace now, and more than ever, appraisals are coming in under sale price. What's a Realtor to do?

Show Notes: https://cutt.ly/UKvSFVv

When's the last time you picked up the phone and called an appraiser? Maybe you had a question about how to adjust for an inground pool. Maybe you had a problem and the home didn't appraise at the sale price. Do you ever communicate with the appraiser?