The RETSY Podcast
In this episode of the RETSY Podcast, Chris and Matt sit down with Jay Josephs, one of the most respected and well-known appraisers in the Valley. With 35 years of experience, Jay pulls back the curtain on the often-misunderstood appraisal process. He shares his journey from struggling in the 10% interest rate mortgage era to finding his perfect niche as an appraiser, and breaks down why an appraiser’s "geographical competence"—truly understanding the invisible boundary lines of luxury neighborhoods like Arcadia—is the single most critical factor in securing an accurate home valuation. Jay provides a literal masterclass for real estate agents on how to proactively protect their clients' deals. He explains exactly what belongs in the perfect "appraisal package," how to gracefully vet an out-of-town appraiser, and why waiting to file an appeal is almost always a losing battle. The conversation also dives into the complex math of valuing guest houses and unpermitted additions, how to leverage pending sales during your appointment, and why AI-driven AVM models (like Zestimates) still have a long way to go before replacing boots-on-the-ground expertise. 00:00 – Welcome Appraiser Jay Josephs 05:24 – From Rock Bottom to Finding a Passion in Appraisals 10:08 – The Knowledge Gap: Why Agents Must Learn How to Read an Appraisal 15:31 – Building the Perfect Appraisal Package 22:28 – "The Appraiser Won't Take My Package" — Communication and Interviewing 26:24 – 3 Questions Every Agent Must Ask to Vet an Appraiser 33:46 – Appraisal Appeals & Reconsiderations: The Reality and the Risks 38:45 – The Math Explained: Adjusting Square Footage for Guest Houses and Basements 43:23 – Geographical Competency: The #1 Factor in a Fair Appraisal 48:35 – The Truth About Unpermitted Additions 52:43 – Pre-Appraisals and Why Jay Loves Working with Realtors 58:45 – Will AI Take Over the Appraisal Industry? 01:02:12 – The Ultimate Advice: Be Proactive and Be Nice 01:03:05 – How to Connect with Jay Josephs Connect with Jay Office: 602-955-4050 Cell Number: 602-290-8121 (Text, don't leave a voicemail!) 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]
56 episodes
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