In this episode of the Texas Real Estate and Finance Podcast, host Mike Mills dives into the world of appraisals. He is joined by Lori Solecki, a certified instructor and experienced real estate broker, as they discuss the nuts and bolts of what appraisers look for and how realtors can navigate the appraisal process effectively.
Throughout the episode, Mike and Lori cover a range of topics, such as the importance of communication between realtors and appraisers, the role of the lender in managing expectations, the value of building relationships with appraisers, and the need for realtors to rely on data-driven decisions rather than emotional attachments when pricing properties.
They also touch on tools like Cloud CMA and RPR that can assist realtors in informing clients about pricing and market trends. In addition, they address the concern of non-licensed and unvetted individuals conducting appraisals and the importance of insisting on certified appraisers to protect sellers' interests.
Overall, this episode provides valuable insights and advice for real estate professionals looking to navigate the appraisal process successfully and provide the best guidance to their clients.
Topics discussed:
- Importance of communication between realtors and appraisers
- Role of lenders in managing expectations
- Building relationships with appraisers
- Utilizing tools like Cloud CMA and RPR for pricing and market trends
- Concerns about non-licensed and unvetted appraisers
- The value of certified appraisers for accurate assessments
