Laura

Appraiser Train is an educational space for real estate appraisers seeking understanding. Created by Laura Thompson, a Certified Residential Appraiser.

[Laura @AppraiserTrain]

Looks like a rainy day. Perfect for writing reports!

[Laura @AppraiserTrain]

Ha.

[STEM @stem_feed]

Applied physics

[Laura @AppraiserTrain]

The concept is simple. The process is complex.

[Laura @AppraiserTrain]

We should be matching our comps based on condition, quality, and similarities that in the subject market/area a potential buyer would see as the most important factors. We are essentially looking for "replacement properties" for that home. If we as appraisers are basing our opinion on the "ask price" that could result in misleading results... and would not be performing our due diligence on the assignment.

[Laura @AppraiserTrain]

I had someone ask me about best practice in general, when homes go contingent, if a price adjustment up/or down should be refelcted in the MLS listing... (They were hoping a price change might make it appraise higher 🧐) But i told them, the appraiser should be looking at comp selection through an entirely different lense... It's poor judgement to just search based on a home's price tag when selecting their comparable sales, anyway... here's a perfect case study: 🤓 *see screenshot*
Even the automated zillow opinion of value ignores a lower contingent ask price. (Not that a zestimate is notoriously accurate... 😏)

[Laura @AppraiserTrain]

I had someone ask me about best practice in general, when homes go contingent, if a price adjustment up/or down should be refelcted in the MLS listing... (They were hoping a price change might make it appraise higher 🧐) But i told them, the appraiser should be looking at comp selection through an entirely different lense... It's poor judgement to just search based on a home's price tag when selecting their comparable sales, anyway... here's a perfect case study: 🤓 *see screenshot*
Even the automated zillow opinion of value ignores a lower contingent ask price. (Not that a zestimate is notoriously accurate... 😏)

[Laura @AppraiserTrain]

Ready to raise your paddle at a land auction? You sure you’re not just buying the right to say “get off my lawn” while your Zestimate laughs at you?

[Laura @AppraiserTrain]

I'm looking forward to @SFREP 's course tomorrow on this... hoping to add to my understanding.

[Laura @AppraiserTrain]

https://t.co/RPZXmKS8xl

[Laura @AppraiserTrain]

https://t.co/RPZXmKS8xl

[Laura @AppraiserTrain]

Three weeks, ago I heard the season's first red-wing blackbird calling out the first signs of Ohio spring! Last week, the spring peepers started chirping! This week, it's snowy again. #welcome2Ohio #weatheronshuffle

[Laura @AppraiserTrain]

"You bought it for WHAT !?"
https://t.co/WovIgQ6vgW

[Laura @AppraiserTrain]

https://t.co/l1IMO8uXmx

[Laura @AppraiserTrain]

New logo.

[Laura @AppraiserTrain]

��� When you’re wrapping up your fifth report of the day and accidentally type “Crawfish County” instead of Crawford…

Just a hardworking Ohio appraiser out here seasoning comps with butter and Old Bay. 🦞
#AppraiserLife #CrawfordNotCrawfish #OhioRealEstate