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Appraisal waivers are a bit of a mystery, and have often been touted as only a positive thing for borrowers.  They do shorten the time it takes for most to get a loan, but what really is an appraisal waiver, and what are the dangers of waivers? If you're a Realtor, you'll want to pay close attention to the end of this episode where Ryan gives some good advice about how to uphold your fiduciary duty to your client, even if they qualifiy for an appraisal waiver.   The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  https://riverfrontappraisals.com/guides/

In this bonus episode, Ryan pays tribute to longtime exective assistant and marketing manager, Janna Woodfall.  Check out Matt & Janna Woodfall's two new businesses:   Bear Waves Smoky Mountain Cabin https://www.airbnb.com/rooms/639079058330348773?source_impression_id=p3_1674741145_9zbGxsZZArzv%2B3tB Woodfall & Sons https://woodfallandsons.com/

We get this FAQ quite a bit, actually.  Several of our homeowner clients are curious about what happens to the appraisal after we've completed it.  Most hope it doesn't find its way into the hands of the Tax Assessor.  So today, I’ll answer the question, “Are Appraiasls Part of the Public Record?” The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  https://riverfrontappraisals.com/guides/

This FAQ came to us from a brand new real estate agent completely new to the process of selling homes.  There’s a lot of people involved in a typical real estate transaction, and it’s very easy to get the players confused from time to time!  In this short blog, I’ll answer the question, “What’s the difference between an appraisal and a home inspection?” Guide to Appraisals E-Books: https://riverfrontappraisals.com/guides/

Get your Guide to Appraisals E-Book here: https://riverfrontappraisals.com/guides/

Get Guides to Appraisals E-Books Here: https://riverfrontappraisals.com/guides/

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

What is AppraiserPreneur? 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  

The Realtor’s Guide To Appraisals Part 6: Can I Give Sales To An Appraiser? 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? 

Have you ever listed a home and during your listing appointment, the homeowner mentioned a previous appraisal?  Maybe they kept impeccable records and had the appraisal from when they bought the home, as well as a refinance appraisal from two years ago.  Which one should you use?  What’s the difference between the two? 

Welcome to your crash course in choosing comps.  In this podcast episode, we’ll discuss the various methods for choosing comparable sales, just the way an appraiser does.  

Having an appraiser on your team can not only help you if you have a problem, but it can also help you grow in all aspects of life and business.  When you learn from someone who is in a different area of real estate, you’re challenged to grow, you can learn new concepts and ways of helping your buyers/sellers, and you can also learn from someone else’s mistakes!  Show Notes: https://riverfrontappraisals.com/the-realtors-guide-to-appraisals-part-2-why-you-need-an-appraiser-on-your-team/

All throughout 2022, The Appraisal Cast focus will be on helping Realtors understand a little more about appraisals.  Each month, the episode will be about a topic that affects both the appraiser and the Realtor, and how the Realtor can serve their clients better with a deeper understanding of the appraisal process. Show Notes: https://riverfrontappraisals.com/how-to-determine-adjustments/