Podcast: Real Talk with Leigh Brown

Welcome to this episode, where Peter Gallo brings attention to the crucial responsibilities of certified independent appraisers and their challenges, gradually sidelining them from the home valuation process. Join us as we delved into his personal encounter when he questioned a tech company representative regarding regulatory compliance. Our discussion covers insightful subjects that will educate not only home buyers and sellers but also real estate professionals. So, tune in and stay informed!

Key takeaways to listen for

• 07:11 How appraisers and data collectors differ during a home valuation 
• 14:47 Key solution for the crisis faced by independent appraisers
• 20:44 Risks posed by tech companies taking part in the appraisal process
• 29:42 Factors that prove the vital role of independent appraisers
• 34:30 Why it’s impractical to have data collectors conduct property valuation

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Resources mentioned in this episode

• 2:25 ChatGPT
• 5:03 Fannie Mae
• 5:04 Freddie Mac
• 7:05 American National Standards Institute 
• 20:06 Appraisal Management Company 
• 20:24 Home Valuation Code of Conduct (December 2008)
• 21:49 Multiple Listing Service
• 22:56 CoStar
• 28:51 The Appraisals Foundation

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About Peter Gallo

Peter has owned and operated HomeSight Appraisal, serving Charlotte, NC, and surrounding areas since 2004. He has 30+ years of residential appraisal experience, and HomeSight is one of Charlotte's largest residential appraisal firms. His company leads the industry in quality, reputation, and efficiency. The business is based solely on referrals and networking through existing clients' positive experiences. He strongly believes in positive relationships and works very hard to cultivate them.

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Connect with Peter 

• Website: HomeSight Appraisal
• Facebook: HomeSight Appraisal
• Email: peterg@homesightllc.com
• Phone Number: 704-578-8205

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Connect with Leigh

Please subscribe to this podcast on iTunes or the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown.

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Subscribe to Leigh's other podcast Real Estate From The Rooftops

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