3 Tricks to Get Higher Appraisals for Your Real Estate Refis - YouTube

Hey guys Nicole Purvy here from Better Than Success today I'm going to talk to

you about three tricks to make sure you get the highest appraisal when getting

an appraisal for your refinanced rehab so I made a video about this a quick new

Instagram stories video about this and I got so much response I figured I'd make

a video on my youtube page about how I ensure that I get the highest possible

appraisal for my read head so one thing that I always do is I make sure that I

go out to meet the appraiser so many of you have replied to me on my Instagram

story and say you know what this is a really great trick because I never go

out meet the appraiser I'll just give them the lockbox you want to make sure

you meet the appraiser because sometimes appraisers are out there literally doing

dozens of appraisals per day and you want to make sure that you go out to

leave an impression on this appraiser because they may take good notes and take

really good pictures but they forget so you want to make sure that you go out

and you meet them so when you go out and meet them

number two you want to make sure that you have two things in hand in hand so it's really two and three so the

first thing you want to have in hand is make sure that you have some comps

printed out right so if you don't know a realtor make sure you get to know a good

realtor and keep them as a friend print out some comps that are really

that really make an argument for your case as to why you should have this

number as in for your appraisal right so print out those comps so that

there's not any sort of debate there's been times where I've heard this has

never happened to me where an appraisal will come back low and the person is

really debating with the appraisers trying to contest it and then the

appraiser says like where are you getting these comps right so like now

let's eliminate that question here are the comps make sure there are good comps

like you have to be honest right if you're going to even do this right so

print them out and then other thing the number three thing and

making sure that you have a good appraisal is print out make a list of

everything that you did when you rehabbed the property when you you know when you

did the property the roof the framing new electricity you know new HVAC

everything that you did everything that you did

doors paint touch-up everything that you did and total it out and put the total

number you don't have to like itemize the things this is what I've spent on it

but these are all the things that are brand-new on this property and total it

out just so that now again this is not supposed to sway the appraiser but you

want to remind that appraiser when they're at the end of their day and

they're finally putting all the paperwork together for all the

properties that they've gone and looked at and during the day because

doing an appraisal is not easy they have to actually look at the property and

then they have to go home and actually calculate it they produce a really long

report like you know I'm sure most of it is automated but still they need to make

notes as so what is going on and what they see with the property right so you

want to remind them hey my property is cream of the crop it's tip-top shape

everything is new everything is this and everything is that you may say it when

you're there but also make sure that you have it typed up and written out so that

when they go home and they're putting the final numbers together oh this

person said these are these are the things this helps jog my memory so

here's another little trick put it in a nice little folder right they won't

forget it if you put it in a nice folder right so one of the things that when I

posted my video one of the things that I mentioned or I showed everyone is our

head of the nice clear $2 folder from FedEx right put it in Nice folder so it

just makes it easy they got like clipboards and they're running out just

make their job easier now again it's not supposed to change their mind because

you you know that that's not totally legal but you don't want them to

forget right you want them to make sure they have all of the information on hand

so that they don't forget why your property stands out and why

it's an amazing property so you guys I want you guys to have a great day I hope

your next appraisal goes really really well we're gonna get you top dollar

don't have to pull out the full amount that the bank will allow you to pull out

don't get greedy pull out what you need right but you still want that top dollar

so hope your appraisals go well I hope that your day is great and until next time

happy entrepreneuring And if you're in Philadelphia I will see you at our next

Wednesday night meeting 2930 Jasper Street next real estate mastermind every

Wednesday at 7 p.m. and lastly women in real estate summit is coming up we're

gonna have 15 amazing women speakers yall know every year it's packed out to learn

more go to womeninrealestatesummit.com November 16 all right guys