Appraisal Anomalies: Situations You Never Saw Coming

🏡📺 Tune in for this episode of "15 Minutes with Paul Ward" as he unravels the mysteries behind home appraisals! 💼🔍 In this eye-opening episode, Paul shares an appraisal nightmare that occurred in 2023 and explores the crucial question: Are appraisals always accurate?

📉🏠 Delve into the three types of appraisals and explore the unique challenges of appraising custom homes. Learn from a real-life case study as Paul recounts a custom home that faced not one, but two incorrect appraisals. Uncover the reasons behind these inaccuracies and gain valuable insights into why appraisals can sometimes go awry.

📊🤔 Wondering what to do when faced with an inaccurate appraisal? Paul provides expert advice to navigate through these situations, ensuring you're armed with the knowledge needed to make informed decisions in the real estate market.

Watch the full episode complete with charts and guides on Paul’s YouTube channel. 

What you’ll learn in this week’s episode:

0:00 Real estate transactions and how they can impact a transaction

0:19 A recent real estate appraisal debacle in Ventura County, CA

0:55 The three types of appraisals

2:13 Challenges of appraising custom homes

2:50 The appraised custom home

4:40 The first incorrect appraisal

5:38 The second appraisal is also too low

6:11 Why the appraisals went so wrong

9:54 Paul’s advice when encountering an inaccurate appraisal

11:05 Contact Paul with any questions

11:14 Thank you to our sponsor, Opus Escrow

Related Episodes:

VA Loans in Today’s Economy with Chris James

Accessory Dwelling Units: Financing, Estimated Costs and Potential Rental Income

Vanessa Jimenez: Opus Escrow

 

Have ideas for future episodes? We'd love to answer your questions - leave a comment! For any home buying or home selling needs in the Ventura County area of California, please reach out to Paul@HomeAndRanchTeam.com or visit www.HomeAndRanchTeam.com

A special THANK YOU to our sponsor! Farm Talk with Paul Ward would not be possible without the support of our sponsor Opus Escrow. Supporting our sponsor ensures Farm Talk can provide listeners with the best possible episodes.