12. Appraisals vs Valuations | Data-Driven Property Assessment | Rachel Elliot (McGees)

01/09/2025 16 min Temporada 1 Episodio 12
12. Appraisals vs Valuations | Data-Driven Property Assessment | Rachel Elliot (McGees)

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Episode Synopsis

The guest of today’s podcast is Rachel Elliot, Head of Advisory at McGees in Adelaide and career valuer with 35 years of experience. She joins Rob Turnbull to explore how real estate agents can deliver more credible and defensible appraisals by learning from the valuation industry.Rachel shares expert insights on selecting quality comparable sales, the importance of property inspections over desktop research, and her "data-driven gut feel" approach that combines market knowledge with empirical evidence.00:00 Introduction and Episode Overview00:56 Meet the Expert: Rachel Elliot02:31 Valuation vs. Appraisal: Key Differences04:59 The Importance of Comparable Sales09:29 The Role of Desktop Research and AVMs13:41 Red Flags in Appraisals and Valuations15:32 Conclusion and Final ThoughtsThe Property Edge Podcast from Land Services SA connects real estate agents with the ideas, technology and AI opportunities that can be brought into their own businesses to drive further success. Visit www.propertyedge.app/the-property-edge-podcast to see other episodes, see episode summaries and read transcripts. Learn about South Australia's locally made property research platform, Property Edge, at www.propertyedge.app

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