Glen sits down with veteran appraiser Jamie Owen to demystify the home appraisal process. With over 26 years of experience, Jamie shares insights on factors influencing a home's value, the role of appraisals, and common myths. The podcast delves into everything from the nuances of market value determination and the appeal process for low appraisals to the impact of modern software on the industry. Real estate professionals and home sellers alike will find valuable advice on navigating appraisals, understanding square footage intricacies, and maximizing home value. Key timestamps include discussions on the appraisal process, software tools, renovations, seller expectations, and common misconceptions about appraised values.

00:00 Introduction to Home Appraisals
01:26 Meet Jamie Owen: Veteran Appraiser
02:24 Jamie Owen's Journey into Appraisals
03:50 Understanding the Appraisal Process
06:15 Appraisal Certifications and Standards
10:46 Defining a Bedroom and Square Footage
14:10 Role of an Appraiser and Market Value
22:20 Appraisal Walkthrough and Seller Tips
31:11 Timing and Purpose of Appraisals
36:30 Market Data and Pandemic Trends
37:01 Tactics in Competitive Markets
37:42 Appraisal Process in Different Scenarios
38:25 Market Truths and Value Agreement
41:39 Factors Influencing Property Value
45:09 Basements and Gross Living Area
52:14 Unique Properties and Comparable Sales
01:01:28 Seller Concessions and Appraisal Impact
01:11:03 Understanding Market Area Guidelines
01:12:13 Common Sense in Appraisal Practices
01:12:41 Non-Negotiables in Property Appraisal
01:14:03 Challenges with Unique Properties
01:16:27 Maximizing Home Appraised Value
01:17:32 The Role of Documentation in Appraisals
01:23:37 Handling Low Appraisals
01:28:04 Navigating the Appraisal Process
01:40:35 Final Thoughts and Advice for Home Sellers

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