How can I assist my Appraiser?

It's to your advantage to help the Appraiser perform the assessment by providing additional information: What is the purpose for the appraisal? Is...

Who determines the market value of a p

The property seller sets the price, especially for residential property, not the Appraiser. Sellers usually don't order an appraisal because they want...

Can Another Mortgage Company be Used A

Yes. In most cases you will not have to pay for another appraisal if you change your mortgage company, and depending on the loan program typed, the fi...

Who owns the Appraisal?

The mortgage company owns the appraisal even though the borrower paid for it. This is because the mortgage company orders the appraisal on the borrowe...

What are Appraisal Methods?

There are 3 common approaches, or Appraisal Methods, used by Appraisers to establish property value. After thorough exercise of all 3, a final value e...

Why get an Appraisal

Obtaining a loan is the most common reason for ordering an Appraisal, however there are other reasons to get one: Contesting high propert...

What is an Appraisal?

An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) by a lender before l...