Real Realtors 019 | Keli Renner

Jan 31, 2018

Real Realtors 19: Keli Renner

 

In Real Estate, almost every sale will need the assistance of an appraiser. In some instances however, an appraisal is needed outside of a sale or refinance. Today on Real Realtors, we have Keli Renner, who has been doping appraisals since 1987 to explain why appraisals are needed and how her process works.

Email: [e-mail]                       Phone: [phone]

 

Getting Started

• Started in 1987
• Licensing/ Requirements
• Why Real Estate is enjoyable

Freddy Mac Automated Appraisals

• Pros and Cons
• Keep skill set diverse

Why You Need an Appraiser

• Divorce settlements
• Equity loans

Process

• Characteristics
• What the property provides
• Schools
• City properties
• Inspections
• Sales/ Cost/ Income approach
• Square footage approach
• Gross living area

Comparables

• Expand parameters

Residential vs. Condos

• Specific to the form
• General purpose appraisals

Manufactured Homes

• Rules and Regulations
• Certificate of Occupancy
• Zoning

Cap Rates

• Not in 1-4 zones
• More Commercial Level

Cost Approach

• Land improvements
• Variables based on zip codes

Bay Area Values

• High income drives value up
• Affects time appraisals
• Corrections?

Bitcoin/ Currency

• Same process
• Indicate in paperwork which currency is used
• Becomes and underwriting issue
• How to cash it out?

Rebuttals

• Impact on final value
• Comparables involved
• Filter Views

Wrap Up/ Contact information