What to Expect in a Real Estate Appraiser Report

February 28, 2023

About the author

Claude Simos has been an appraiser of single-family dwellings, small residential income properties and condominium units in Suffolk, Nassau and New York City for the past two decades.

When it comes to buying, selling, or refinancing a home, obtaining a professional real estate appraisal can be an essential step. But how do you find the right real estate appraiser for your specific needs? Here are some key factors to consider when searching for an appraiser:

  1. Look for licensed and certified appraisers - The state licensing requirements for real estate appraisers vary by state, but it's important to ensure that the appraiser you choose is licensed and certified to provide appraisals in your state. This means they have undergone training, education, and experience requirements in accordance with state regulations.
  2. Check for experience and expertise - A real estate appraiser with years of experience will have more knowledge and skills to offer than a new appraiser. Additionally, you should look for an appraiser who has expertise in the specific type of property you are dealing with, such as a single-family home, multi-family property, or commercial property.
  3. Seek recommendations and referrals - Talk to your real estate agent, lender, or other professionals in the industry to see if they have any recommendations for appraisers. You can also ask friends and family who have recently bought or sold a home for their recommendations.
  4. Review their credentials and affiliations - Check if the appraiser is a member of professional organizations, such as the Appraisal Institute, the National Association of Real Estate Appraisers, or the American Society of Appraisers. Such affiliations can indicate that the appraiser is up-to-date on industry standards and practices.
  5. Look for communication skills - When choosing a real estate appraiser, you should look for someone who communicates well and can explain the appraisal process to you in a clear and concise manner. The appraiser should also be willing to answer any questions you have and provide detailed reports in a timely manner.

Overall, finding the right real estate appraiser requires some research and due diligence. By considering these factors, you can find a professional who can help you make informed decisions about your property and ensure that you get an accurate appraisal that reflects its true value.

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