Block Talk Podcast

Well, you heard him say it plain as day - Realtors and Appraisers need to start talking! Appraisals are key to real estate transactions in every market, Little Rock is no exception. In ALMOST every real estate transaction, there comes a time for the lender to order an appraisal and make sure that the loan they are extending on the property, is acceptable with relation to the value of the asset it is tied to. They do this by deferring to a market expert, an appraiser, who is trained, educated and licensed to provide opinions of value on residential property in an effort to promote and maintain the public’s trust. Rick, a bad-ass appraiser with no tolerance for misinformation, shared with us that lenders and appraisers have a relationship in that the lender engages him to perform the appraisal and therefore is his only client. His responsibility is to answer the question within the scope of work they agree on, essentially leaving the Realtor and the homeowner to fill in the blanks. This can lead to a