Whether you’re investigating the value of your own property, the potential of an investment property or trying to obtain financing for a home, you’ll need the services of a certified real estate appraiser.
If you’re trying to hunt down the value of a particular property and need to hire a real estate appraiser, keep reading for some tips on how to locate a quality person.
1. Ask your Bank
Because most lenders require proof of the value of a property before they will finance its purchase, they can often recommend trusted appraisers that they work with on a frequent basis.
If you trust your bank or lender, ask your mortgage agent for an appraiser recommendation.
2. Check with your Real Estate Agent
Your real estate agent is there to help you make this sale happen. Since they work in the business, they deal with appraisals and appraisers every day. Likely, your agent will be able to recommend a number of appraisers that they work with and trust.
3. Opt for Experience
The value of a home, whether you’re buying or setting an asking price, is going to depend largely on the appraiser’s recommendation and appraisal. Hiring the wrong appraiser or an inexperienced person could cost you a lot of money, whether you set the asking price for your house too low or you buy a home that’s simply not worth its stated value. (more…)
