8 THINGS APPRAISERS DO THAT ZILLOW DOESN'T PART 1#realestate #realtor #loan #seller #buyer #zillow

Part 1 of a 3-Part Series. Appraisers protect the consumer from fraud and protect American taxpayers from bailing out banks if they fail due to poor lending and valuation practices, like in 2007-2008. They make sure the buyers are not over-paying and that lenders are not over-lending on properties used as collateral for home loans. Why are appraisers unbiased? The appraiser is the only part of a real estate transaction that has no skin in the game. They don't care what you paid, what you need, what you want or what your agent thinks. They have no skin in the game. Why doesn't the lender just use Zillow? Zillow gives a value. Is Zillow's Zestimate wrong? How does Zillow make their money? How are appraisers hired? Find out what you need to know about why an appraisal is ordered, who the appraiser is and how they do what they do. Who needs an appraisal? How much does it cost? Who pays for it? Why can't I get a copy of it if I paid for it? Why not just rely on what Zillow or Realtor.com says? My realtor said the appraisal came in low and they said the appraiser is a deal killer. What is a comp? Learn why appraisers are hated by realtors and lenders and why they blame the appraiser if the deal goes South. Should I consider selling my house by owner and not use a real estate agent? How much money will I save by not paying commission? How much money does the real estate agent make? Should I hire an appraiser before I sign a listing contract with a realtor? Join the conversation ~ Put Up or Shut Up (0:00) Introduction (02:16) Builders, Realtors, Loan Officers Deal Killer (04:02) Bias & Liability (06:07) How is an Appraiser Paid and What Do they Do? (11:20) What is a comp? (14:13) Zillow (21:08) Appraisal Management Company (23:30) Realtors & Commission (28:15) Conclusion 🎙 Put Up or Shut Up Real Talk. Real Opinions. No Filters. 📅 New episodes weekly 📩 Business & media inquiries: [[email protected]] 🔔 Subscribe and turn on notifications