What do you need to know about being an appraiser?
Appraisers are licensed professionals who do not have any ties to the mortgage lender, buyer, or seller. They must be a neutral third-party who can provide a fair, unbiased appraisal of the home. Appraisers must typically go through several hours of training, depending on the state where they are becoming appraisers.
What should I do if my appraisal comes in low?
A low appraisal doesn’t always mean a canceled deal. It sometimes means you have to pivot and renegotiate. Read on for our tips on how to handle a low appraisal. What can sellers do after a low appraisal? Request a copy of the appraisal. Ask the buyer to challenge the appraisal. Renegotiate the sale price with the buyer. Offer seller financing.
Can a home be appraised if it’s new?
There are advantages and disadvantages to both new and old homes, so a home isn’t necessarily guaranteed to appraise just because it’s new. Older homes are sometimes maintained far more and are located in historic districts whereas newer homes may come with problems.
When do you get the results of the home appraisal?
When will you get the results of the home appraisal? Once the appraiser leaves, you’ll no doubt be anxious to know the value they’re giving to your home. The appraisal report could come back in about a week but may take at least 10 days. Know the appraiser may need to call around, check for permits, and verify certain information for the report.
Can a home appraiser tell you what your home is worth?
Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals. The appraiser won’t know what your home is worth the second he walks in the door because home appraisals aren’t magic.
How can I talk to my real estate appraiser?
To help you communicate to the appraiser in the best way possible, we created a simple document you can fill out and email to / hand to / leave for the appraiser. It includes space for sales used in pricing the home, as well as areas to write about updates and improvements made to the home. To download your copy, simply click here.
Can a home appraiser judge the cleanliness of your home?
No, the home appraiser isn’t coming by to judge the cleanliness of your homestead — but it’s still good form to declutter, dust, and mop beforehand to show your home in its best light, according to appraiser Adam Wiener, the founder of Aladdin Appraisal in Auburndale, MA.
Where can I get an expert appraisal for antiques?
Fortunately, you can get honest, expert and discreet from the verified antiques Experts at JustAnswer, quickly and easily, from the comfort of your own home. Our Experts are available 24/7, and there are no large fees. You just pay a small price for the question you want to ask.
