Welcome to Real Estate Pro Tips. Pete Sabine and Leslie Whitney are real estate professionals with Compass and the Five Star Real Estate Team in the San Francisco Bay Area of California. This podcast series features guests who are specialists in home loan financing, staging, property inspections, property management, home warranty, insurance, and other real estate related services. Our podcasts provide real estate expertise to give you a competitive edge and provide insight with useful information so you can make an informed decision for your real estate needs. Our goal is to provide proven tips and strategies to make your home buying or selling goal a reality. Pete has represented homeowners & buyers since 1985 with over 36 years of local real estate expertise and over 1000 successful real estate sale transactions. Pete excels at real estate contract negotiations, home preparation projects, social media marketing, creative financing and real estate investment strategies. Pete is the co-author of the book "Get the Best Deal When Buying or Selling Your Home" which is like having your own coach in a book. Our podcast series is the online version of this book where you can access each podcast episode as a resource. Leslie has over 16 years of experience in advertising, marketing, banking, retail, commercial and residential real estate. We hope you enjoy our Real Estate Pro Tips and we encourage you to share our podcasts with anyone you know who is looking to buy or sell a home Call or Text 925.297.5335 to reach us with your questions or referrals.
Episodes
Thursday Jan 21, 2021
Thursday Jan 21, 2021
In this episode, the topic is Understanding Residential Real Estate Appraisals.
You may have recently entered into an agreement to purchase a residential property or you may have completed a loan application to refinance your home.
Lenders are required to obtain an appraisal, prepared by an impartial and unbiased appraiser, and use it as the primary tool for assessing the sufficiency of your collateral.
You may want to retain an appraiser to provide an appraisal to help you make decisions such as buying, selling or refinancing your home. This podcast will help you understand the residential appraisal.
1:14 Intro
2:17 Basics of an Appraisal
4:37 Why is an Appraisal Necessary?
5:31 Developing the Value Opinion
6:01 The Appraisal Process
7:10 Sales Comparison Approach
7:57 Comparable Sale/ Listing
11:00 The Cost Approach
13:39 Adjustments
15:25 Income Approach
17:06 Opinion of Value
17:59 Appraisal Reports
20:28 Appraiser Independence
23:24 What if a Correction is Necessary?
24:46 Options in a Flawed Appraisal
25:43 Fraudulent Appraisal Practice
27:03 Out-of-Town Appraisers
29:37 Information to Provide to an Appraiser
32:24 When an Appraiser Inspects Your Home
34:21 Appraiser Codes
35:15 Wrap Up
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.