Can you talk to an appraiser?
You Can Talk To The Appraiser!
Previously, I wrote a two-part series about how Location is King in real estate.
Well, just as location is of utmost importance when it comes to real estate valuation, communication is most important in the day-to-day dealings between homeowners, Realtors and Appraisers.
How do you influence an appraiser?
Here are eight ways you can bolster your appraisal:
- MAKE SURE APPRAISER KNOWS YOUR NEIGHBORHOOD.
- PROVIDE YOUR OWN COMPARABLES.
- KNOW WHAT ADDS THE MOST VALUE.
- DOCUMENT YOUR FIX-UPS.
- TALK UP YOUR TOWN.
- DISTINGUISH BETWEEN UPSTAIRS AND DOWNSTAIRS.
- CLEAN UP.
- GIVE THE APPRAISER SOME SPACE.
Do appraisers lie?
Appraisers don’t lie, at least not since about 2008. AN appraisal is ONE person’s opinion on value and how they interpret the comparable sales and make adjustments for like vs like. You can hire 10 appraisers and you’ll get 10 different values for the same house.
What does the appraiser look for?
Specifically, with regard to the exterior of a property, an appraiser looks at the site, the quality of construction, the integrity of the roof and foundation, any issues with the guttering or siding, parking facilities and the home’s observable external condition.