Are Appraisals Always Accurate?

Home appraisals are so important because they guarantee your lender that the home is worth the purchase price. But are appraisals always accurate? In this episode, Paul walks us through a recent appraisal nightmare that no homeseller ever wants to encounter. What happens when appraisals go wrong and why can they be so inaccurate? Get your questions answered in this brief but informative episode!

 

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

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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.