Відео

do you have email address that i can show you

one appraiser registered her own appraiser company as home address but also work in a 30 years long reputation company as i discovered later. does this sounds normal in your industry

hi Ryan; i have a questions regarding two appraiser work in a same company but when they estimate the same property they hhave 60000.00 difference in the value . do you think that sounds normal to you

How do you setup your Handyman Subscription?

also is built in garage value more than attached garage in report?

Ryan; I have a questions regarding to the age of the house in the report . There is a comparable property age 75 yrs old and appraiser rated as superior and wrote -20,000 but our property is much younger than this one. Does this make sense or it is an errors ?

Recently, I visited Your UA-cam channel and I found some problems. I think and believe that if you can fix that problem, your channel will grow very gradually. Then your channel possible to grow. So are you interested in my service?,,,,,

I want to talk about growing your UA-cam channel. Can you give me some time. Please give me some time. Check your email inbox. I have sent you email....

Yay

So you still need the money that most people do not have, especially if they went to college.

As a beekeeper, I approve this message!

"As they analyzed why..." Who are "they". It sounds like a lot of assumptions about what thousands of people were feeling after seeing terrible things...

I hate you dave

Don't ruin the handyman service for subscription profits. It will ruin the business. We wan't to go away from subscriptions! The economy sucks rn, who has excess funds for subscriptions?

Does the appraisal report show a break up of the appraised value i.e, the value of land and the value of structure??

👨‍💻 I analyzed your UA-cam channel & videos. Your content is too good but video views, engagement, not well.🙅‍♂ Do you know why? If you want, I can give you the full audit reports of your channel!📫

Disagree but okay

great content. Thank you

But dont you need to come out of pocket with extra during closing costs, therefore being kinda the same in the end?

Americans dont need more debt

Guess I'm staying in the hood

"Promosm"

Well if Matt Meese says its great idea than Im in.

👍👍

Thanks for this!

Thank you!

Your view is incredible! 🏔️

Why is there no information about Adjustments and other Credits? Why is everyone silent about that?

🎉 P r o m o s m

I am an appraiser in Brazil, here by our rule, 3 comparisons is not enough to reach the foundation and the minimum required precision. only as a last resort.

Very helpful. Thank you so much!

best advice ive ever heard honestly. Thanks Ryan! ❤

Your take is quite informative. I wish more UA-camrs would put the same effort into producing a video. Anyway, thank you for explaining about PMI. Keep it up!

this was great to hear. That 4-6 month time frame is a sweet spot. Aiming for 100 doors a day. 5 days a week minimum. My goal is to do it for 4 - 5 years. Gonna document on my channel. First 5 full days done

Too bad you chose such a simple report to review. On such a simple report a quick cross check to the appraisers conclusion is to calculate the sale price per square foot of each comparable sale and relate those rates to the property. I'm a little surprised not to see any adjustments for lot size since comparable sale 3 has twice the lot size as the property being appraised. I suspect the appraiser is also combining depreciation and main floor square footage together in one adjustment as they are using a common adjustment rate of $45 per square foot in their main floor adjustment. So they are incorporating depreciation/diminished utility in this single adjustment and I strongly suspect they are using a rate significantly less than the cost to build a new townhome. Unless you believe that the cost to build a new town home with an unfinished basement is 1,367 square feet @ $45 per square foot = $61,515 which would make the underlying land have a residual value of about $150,000. That's quite an unusual Land to Building ratio. Still possible - but unusual. That may be a red flag to a problem with the lot size adjustment as there is no adjustment or explanation of why the appraiser is not adjusting for a lot that is twice the size of the property being appraised when the underlying land value is $150,000. There is nothing wrong in the way they have done the adjustments. There are no set rules on how those adjustments may to be made. The appraiser is using a method that works well for them relative to their years of experience. And since the comparable sales are almost near identical homes to the subject, the variation between them on a gross selling price basis is going to be small. The advantage to using a lower rate is that the appraisal report has lower gross and net adjustments which the lender erroneously interprets as being a mark of a better appraisal report. The disadvantage to this method is if the property being appraised is significantly different from the comparable sales used and the appraiser ends up concluding outside of the sale price range. That's when the problems happen and the property may be under or over appraised. The adjustment process is a highly subjective process based on the appraisers experience. Using a Sale Price per Square Foot rate is an objective process. The numbers are what they are in an objective approach. In your example the rates ranged between $162 to $176 per square foot of main floor area. Generally the Sale Price per Square foot declines as the main floor area increases which is an economic principle known as diminishing returns. That would put the subject property which has a smaller main floor area than the comparable sales at the mid to higher end of the range but for illustrative purposes in order to provide a cross check to conclusion I would use the average of the three comparable sales at around $169 per square foot x 1,307 Square feet which is about $221,000 (rounded) using an objective approach. The appraised value at $220,00 is within 5 percent so the appraiser provided a very good opinion of value. I would say if you want to review an appraisers opinion of value I would use this objective approach. If there is a large discrepancy then you may ask the appraiser to review their analysis or have another appraisal performed. Nothing is carved in stone when it comes to an appraisal. Appraisers are human and humans make errors. And errors only become mistakes when they are not addressed.

🤣🤣🤣🤣 nope!!

Can you do this already under contract but our lender hasnt locked yet and not settling until next month?

You are a life saver Ryan!!!!!

😞 promosm

Amazing video. Aspiring MLO here, I'm convinced these course writers make it their duty to give you the most difficult explanation for these things.

Great interview, thanks for sharing!

My cash to close is $132,422 🤯🤯

Do I need to live in the us to be eligible for this

Thank you so much! This was very helpful 👍👍

Hi Ryan, you so remind me of a great friend who did loan originating with me way back when. You are a great explainer of the truth in lending, loan cost form.

This is exactly what I was looking for but I wish it was even longer!! Don't get left behind - Promo-SM !

Very helpful!!! Thank you

Very helpful thank you now I know what to look for.

great video Ryan, thank much, my banker has added all kind nonsense fees in my closing cost.

Hi, if value as per sales approach is 5mn and as per income approach is 4.5mn. Which value you will consider and why?