hen it comes to finding are commonly requested by
a real estate appraiser, mortgage brokers and loan
many homeowners don't officers. Once you get a copy of
know what to look for. This their license, it's a good idea
article describes 5 things to to check with the government
look for in a property appraiser. agency which issued the document
to ensure the license is active
and in good standing.
1. Always make sure a property
appraiser is licensed or 3. Many excellent real estate
certified by the state to perform appraisers carry a professional
real estate appraisals. While designation. The most widely
state licensing and/or known industry designations are
certification isn't always an SRPA, SRA and MAI. These
indication of quality, it ensures designations are issued by the
that an individual is has met Appraisal Institute. These
certain standards and been designations demonstrate an
authorized to perform property appraiser's commitment to
appraisals. Some states do not continuing education and ethical
require licensing to perform real standards. Oftentimes, the
estate appraisals. It is unwise standards required to obtain
to use the services of any these designations exceed those
professional who is not licensed set forth by state
or certified. licensing/certified requirements.
2. Don't be afraid to ask an
appraiser for a copy of their 4. Ask the real estate appraiser
license. A good appraiser will what percentage of their work is
readily provide this performed in the neighborhood in
documentation. Copies of licenses which the property is located.
Appraisers who do a lot of their performing appraisals for
work or live in a particular area consumers as opposed to real
often have a deep knowledge of estate professionals. Mortgage
property values in that area. brokers and loan officers have
Additionally, they are more distinctly different needs than
likely to know how "neighborhood homeowners. An appraiser who
variables" such as school understands the needs of
districts and fire departments homeowners is more likely to help
affect the property values in the you learn about the appraisal
area. process and answer questions you
may have along the way.
5. Lastly, find out if the
property appraiser has experience
About the Author:
Sergei Kudrin is the owner of http://how-to-do.com, an informational website containing various types of howtos. The site has many informative articles and the latest guides.
Source: www.isnare.com
