Saturday, April 7, 2007

How to choose a Real Estate Appraiser

People who want to get a professional estimate done on the market value of a piece of property will often choose to hire a real estate appraiser. Because of the importance of getting an accurate and detailed appraisal in the selling or purchasing of real estate, it is important to choose a qualified and experienced real estate appraiser. When choosing a real estate appraiser, you should look for one that has a large amount of professional experience and that meets all national licensing requirements and professional standards for the appraisal industry. You should try to avoid choosing an appraiser that has been recommended or is affiliated with you real estate agent because of the conflict of interest issues that can often arise. Because getting an accurate estimate of your real estate’s market value is an important step in determining your property’s listing price, it is important to choose a reliable and independent real estate appraiser. Before choosing a real estate appraiser, you should make sure that they have the qualifications and experience that is needed to do a good job. Some things to look for when choosing a real estate appraiser are whether or not they are a member of a professional organization such as the Office of Real Estate Appraisers (OREA), or various state and local certification board. Since most professional real estate appraisers will be a member of some professional organization, you should find out exactly how much professional experience they have in real estate appraisals. Real estate appraisers with many years of professional experience will usually have a track record of providing accurate and detailed appraisals.


Because the process of appraising a piece of real estate is usually done at the location of the property, most appraisers will be able to meet their clients at their homes or offices in order to discuss their services. Although some real estate appraisers may have offices where they do research on a property and customers can come and discuss their needs, most interactions with a real estate appraiser will happen at the location of the property. When meeting with a real estate appraiser to discuss your needs and their services, take note of how helpful they are in answering your questions regarding the appraisal process and the services you will receive for your payment. Real estate appraisers may offer a variety of different features associated with their services, so you should find out before hand exactly what you will receive in regards to your appraisal. Some real estate appraisers will offer digital signatures and color photographs along with their final report, as well as computer generated floor plans, replacement cost reports, and email and electronic delivery of appraisal reports and related documents. Depending on your specific appraisal needs, you should find out exactly what services a real estate appraiser offers before deciding to hire them. Because getting an accurate and detailed appraisal is an important part in determining the market value of your property, choosing an experienced and independant real estate appraiser is an important decision.

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April 15, 2007 at 9:49 PM  

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