Episode 64: Housing Market: It's A New Set Of Rules

If you haven't noticed the housing market is CRAZY hot! Houses are selling faster than they can be listed and for far more than list price. Not only are buyers waiving appraisals but most are waiving repairs in order to win a house. Tune into today's show to learn all about the "New Set Of Rules" when it comes to buying and selling a house in our current market. We have expert guests Bryan Caffrey, CEO of Arivs Appraisals, & Tara Krieg, Senior Loan Officer at Amerifirst, to talk about how appraisers and lenders are handling this new normal. Listen to today’s show and learn: 4:56 - Bryan Caffrey Intro 6:06 - What created appraisal management companies 8:07 - Is it ok for Realtors to meet Appraisers at the property 9:25 - How do Appraisers feel about waived appraisals/guarantees 13:30 - Bryan's opinion on appraisals with cash investors 16:07 - How are Appraisers adjusting to the fast appreciation of homes 16:50 - Why Bryan thinks this is a 'healthy' crazy market 21:27 - Tara's thoughts on this current market 23:09 - The 5 stages of loss chart 24:25 - Agent cheat sheet & the new set of rules 29:22 - Is this market going to be like 2008 32:40 - Appraisal disputes in the current market 35:20 - Realtors role in appraisals 37:00 - Tara Krieg & setting the right expectations for buying 37:45 - Bryan's thoughts on the current market 39:00 - Our guests final thoughts Special Guests: Bryan Caffrey - CEO of Airvs Appraisal Management Company Bryan founded Airvs in 2008 prior to the implementation of HVCC. Arivs is a National appraisal management company made up of locally operated offices. Arivs’ goal is to provide lenders with the stability and competitiveness of a national management company while retaining the quality and service that only local management can provide. Phone: 1-800-309-0025 Email: [email protected] Website: http://www.arivs.com/ Tara Krieg - Senior Loan Officer at Amerifirst Financial: Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage related financial consulting and planning, and personal coaching of Junior Loan Officers. Phone: 480-344-1951 Email: [email protected] Website: www.tkteam.us Follow us on Facebook @GratefulHeart.Tv 😄 Listen 🎧 to the full show anywhere you stream podcasts!