The RETSY Podcast
In this episode of the RETSY Podcast, Chris and Matt welcome Andrew Turley of Phoenix Valuations, the go-to appraiser for ultra-luxury real estate in Arizona. Andrew breaks down the exact science and nuance behind appraising high-end homes, starting with the critical importance of an appraiser's "geographical competence." He reveals a shocking statistic from his own research: 35% of homes in the county have inaccurate square footage on public records, and laser measuring can often uncover hundreds of uncounted square feet that add massive value to a seller's bottom line. Andrew also pulls back the curtain on how appraisers actually calculate the value of guest houses, finished basements, and premium lots, putting long-standing real estate myths to rest. Beyond the math, Andrew provides a masterclass on how agents can proactively advocate for their clients by building the perfect appraisal package—explaining why including multiple offers, pending sales, and chronologically priced upgrade lists is absolutely crucial. He warns against relying on automated AI valuation models (AVMs) or aggressive post-appraisal appeals, emphasizing that collaboration and upfront communication always yield the best results. The conversation rounds out with a highly bullish look at the Phoenix macro-economy, detailing the massive influx of high-net-worth migration and the record-breaking sales currently happening in the $12 million to $25 million tier. 00:00 – Welcome to the Podcast: Meet Appraiser Andrew Turley 02:03 - Elevating the Luxury Market and the Evolution of Phoenix Valuations 05:12 - Why Agents and Appraisers Must Work Together (And How RETSY Excels) 09:17 - Maximize Your Client's ROI: How a Great Appraiser Makes You More Money 14:15 - The Math on Basements and ADUs: Adding 95% Value to the Main Home 19:18 - The Power of Communication in Accurately Assigning Market Value 24:35 - What is Happening in Luxury Real Estate? Why the Valley Keeps Growing 32:14 - Investing in Phoenix's Culinary Scene and Elevating the Local Lifestyle 40:02 - The Million-Dollar Question: Is It Actually Worth It to Remodel a House? 44:02 - The Secret to Timeless Design: Why Natural Lighting is the Ultimate Key 51:54 - Breaking Records: What is Driving the Massive New Sales Numbers in Arizona? 56:25 - Innovating the Appraisal Process: Why Land Valuation is the Ultimate Difference Maker 1:01:47 - Valuing a $37 Million Off-Market Trophy Asset 1:02:48 - How to Connect with Andrew and the Team at Phoenix Valuations Check out his website www.phoenixvaluations.com [http://www.phoenixvaluations.com] Or call the office at 480-634-5980 Learn more about RETSY www.retsy.com [http://www.retsy.com] www.instagram.com/retsy [http://www.instagram.com/retsy] www.youtube.com/@retsy [http://www.youtube.com/@retsy]. Original music by @jacktwarner [https://www.instagram.com/jacktwarner]
57 episodes
Comments
0Be the first to comment
Sign up now and become a member of the The RETSY Podcast community!