Appraisal Waivers

Leadership

The appraisal. It's the step in the real estate transaction where a trained professional evaluates a property and determines a fair market value. They take pictures inside and out (some that would shock you), compare similar properties in the area and what they sold for, run numbers, look at computer models, and come up with a value. The whole process is designed to protect the buyer of the property, and even more so, the lender, investors, and countless other entities that hold an interest in the transaction. If no loan is involved, no appraisal is required. In that case, a true economic principle is applied. The home is worth what someone is willing to pay for it.

Do you ever feel like your life is lived in front of a panel of appraisers whose job seems to be determining your fair market value? Snapping photos, looking at numbers, measuring against comparables in your market? Often times you are the appraiser applying scrutiny and finding your own defects and structural issues. What are you worth? Precisely what someone is willing to pay.

“For you know that God paid a ransom to save you from the empty life you inherited from your ancestors. And it was not paid with mere gold or silver, which lose their value. It was the precious blood of Christ, the sinless, spotless Lamb of God.” (1 Peter 1:18-19)

You're different. There are no comparables.

You're different. There are no comparables. There are no nasty interior photos of your unmentionables lying around a messy interior. No data points, no models, no third-party analysis. If you love Jesus, not only do you get an appraisal waiver, but you get to burn the promissory note. Tetelestai...paid in full.

Don't let the appraisers in this world deceive you into thinking you don't measure up. Avoid assessing your worth against somebody else's pictures and stats of your own failures or shortcomings. Your value is what someone is willing to pay, and that price has no upper limit and the transaction has already been recorded.