The HOOD

Morgan Shawver

Welcome into The HOOD. I’m your host, Morgan Shawver bringing you all things ParentHOOD and NeighborHOOD.

  1. 2d ago

    What's It Worth?

    Sellers think their house is worth a million dollars. Buyers think it’s worth half that. Somewhere in the middle is the appraiser, the one person whose job is to land on the real number. Morgan sits down with Kevin, a central Ohio appraiser with more than 20 years in the business and a family friend whose life is woven into hers in more ways than one. Before appraising, Kevin was a realtor and a licensed assistant to one of Columbus’s biggest agents, back when she carried 110 listings at once. He left because the job never turned off. Appraising gave him control of his schedule, and he says he’s hardly missed one of his kids’ activities since. Together they break down what an appraisal actually is: an opinion of market value based on a typically motivated buyer. That’s why a desperate buyer throwing $60,000 over list during the bidding wars didn’t set the value of a house. Kevin explains why an appraisal is not a home inspection, how the C1 through C6 condition ratings work, why ranches and two-stories don’t compare cleanly, and why a beautifully renovated 1950s home still won’t appraise like the new builds down the street. They also get into appraisal gap coverage, why it’s mostly disappeared from offers, and the risk nobody talks about. Buyers who overpaid in the last few years may get a surprise when rates drop and they try to refinance. Kevin also shares why he believes central Ohio will stay underbuilt for the next decade, and why first-time buyers should treat their first home as a business decision, not a forever home. Plus, Kevin’s stories from 2008, appraising foreclosed homes ahead of sheriff’s sales door by door, and why he doesn’t think today’s market is a bubble.

    What's It Worth?

Ratings & Reviews

4.3
out of 5
6 Ratings

About

Welcome into The HOOD. I’m your host, Morgan Shawver bringing you all things ParentHOOD and NeighborHOOD.