David Cochran – Residential Real Estate Appraiser
David Cochran is a Residential Real Estate Appraiser based in Richmond, VA. We have used his services and recommend him to our clients. He is fast, knowledgeable and fairly priced. Clients who need a residential appraiser might include:
- Mortgage lenders, mortgage brokers and originators:
We are experts in providing mortgage appraisals on real estate in the Richmond area. We perform full residential appraisals on Fannie Mae form 1004, drive-bys with exterior photos, interior inspections, single family, multi-family, condo, manufactured housing, HUD/FHA appraisals, purchased properties, or refinancing. - REALTORS® and real estate agents:
We offer pre-listing appraisal services in metro Richmond, as well as a full range of appraisal services to support your clients’ home buying or home selling needs. - home sellers and homeowners:
A listing appraisal can be a powerful tool for a home seller. And give yourself peace of mind that your largest investment — your Richmond area real estate — is really worth what you think it is by obtaining a professional appraisal.
Contact David at (804)405-7800
or by email at dcochransold@earthlink.net
Please consider the different things to consider before selecting your appraiser. A good appraiser must have the following qualities.
Personal and professional integrity.
Has a career, not just a job
Objective, can overlook personal biases.
Talented. Is able to take conflicting information and pieces of a puzzle, and make a reconciliation. Get "hunches" that something isn't quite right, and are able to find out what's really happening (or at least make a very good effort to find out).
Doesn't use a "cookbook" or pull out a form, previous appraisal, seminar notebook, or textbook and fills in the numbers without considering if it is the best approach
Very good interviewer, able to get people to talk
Talks with commercial tenants to find out about their businesses, information on the subject property, why they are leasing that space, etc. Requires signed leases and likes to get estoppel certificates
Reconciler, not just an accountant.• Independent, but not too independent to ask for help or advice
Knows when he or she has gotten in "over her head" and asks for help or declines the assignment
When traveling, reads the real estate section of the local paper first• Listens when someone at a party starts talking about a deal, local politics affecting real estate, etc.
Curious and wants to find out the real story. Asks questions. • Looks beyond the comps. Analyzes and considers the current and future markets, not just the past (comps).
Not a perfectionist or overanalyzer. Realizes no appraisal report is perfect. There is always another piece of information that could be obtained. Knows when to stop obsessing and get the report out the door.
Wants to figure out what a property is worth, not just whether it has enough equity to qualify for a loan.
Can get "out of the box." Flexible, willing to try new ways of analyzing, researching, or reporting.
Easily bored. Likes new challenges.
Always learning.