In this episode, Jonathan interviews Ryan Lundquist on his journey to becoming an appraiser. Ryan originally was a private school teacher before he decided to take the leap into the appraisal business. He found the right mentors to teach him the lay of the land and has been doing it since 2003. In this episode we dive into topics like: what an appraiser does, the current state of the market during Covid-19, how to add value to properties and more!
Top takeaways:
Appraisal process has shifted to be more digitized:
- Site unseen
- Facetime with the owner of the property
- Pictures
- Videos
- Drive by to the property and look at the outside only
Adding the right value to properties:
- Evaluate based on the neighborhood, location and type of property to name a few
- Look to the comps for answers
- Look at similar properties and see how it compares to yours
- Be careful at evaluating on price per square foot because there is a range
- Find homes that have a similar size, location and amenities
How to bring value to Ryan:
- Always looking for people to offer perspective and insight on the market
- Best way to ask for help is to say, "If you have a minute, do you mind if I ask you a question?"
Social Links:
Website: http://lundquistcompany.com
BiggerPocket's Profile: https://www.biggerpockets.com/users/SacAppraiser
Blog: https://sacramentoappraisalblog.com
YouTube Channel: https://www.youtube.com/user/lundquistco
Twitter: https://twitter.com/SacAppraiser
LinkedIn Profile: https://www.linkedin.com/in/ryan-lundquist-6b3a4811/
Facebook Page: https://www.facebook.com/SacramentoAppraiser/
