The Appraisal Process Demystified: Insights from an Experienced Appraiser | Break it Down w/ Braydon

In this podcast episode, Braydon interviews Aaron Chonka from Meets and Bounds, an appraisal company. With over 20 years of experience as a residential real estate appraiser, Chonka shares his insights on the appraisal process and how it helps bridge the communication gap between real estate agents, mortgage professionals, and appraisers. He explains that the appraisal process starts with researching the subject property and the market overall, and then uses paired sales analysis to determine the value of specific features such as a pool or view.

According to Chonka, the biggest factor that affects a house's value is the neighborhood and the demands of typical buyers in that area. He also emphasizes the importance of investing in areas of a house that will provide the most value based on the specific neighborhood, especially when remodeling.

Chonka's extensive experience in the industry has given him a unique perspective on the importance of communication between all parties involved in a real estate transaction. By helping to bridge the gap between agents, mortgage professionals, and appraisers, Chonka is able to ensure that the appraisal process is as efficient and accurate as possible.

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