If you own your own property, there may come a time when you need to find out the home appraisal value. Typically, you’ll need this when you either buy or sell your home. To find out how much a property is truly worth, you’ll need to hire an independent home appraiser.
According to the Bureau of Labor Statistics, there are over 78,000 home appraisers operating in the United States.
With so many choices when it comes to hiring one, how do you know that you’re getting the best home inspector working in your area?
In this guide, we’ll take a look at how you can choose the right person to appraise your property.
Table of Contents
Who Hires an Independent Home Appraiser?
The housing market is in a continual state of flux, and whenever a property is bought or sold, a home inspection should be carried out so that an accurate value can be applied.
The cost of the inspection could fall to the seller, the buyer, or the mortgage company.
What Will a Home Appraiser Look At?
The home appraisal will take into consideration the age, size, location, characteristics, and general condition of a property. Market factors such as how fast property is selling in the area will also play a part in determining how much a house is worth.
The appraiser will also take a look at the quality of utility services, as well as the fixtures in the property. They will also take a closer look at basements, attics, air conditioning and heating systems, as well as the condition of the walls, floor, and ceilings. If you have a pool or any other amenities, these will be looked at too.
The report that the appraiser makes may recommend any remedial work that needs to be carried out on the house too.
How Do You Find an Independent Home Appraiser?
If you’re looking for a local home appraiser, speak with a real estate agent such as this one (https://jordanterrellgroup.com/) they’ll be able to recommend a few that they may have worked within the area.
You’ll want to hire a home appraiser that has experience in valuing properties that are similar to the ones that you’re buying or selling. For instance, if you’re buying a condo, you don’t want someone that primarily works with family homes.
Your first step should be to read online reviews of the service they’ve provided to previous customers. When looking at reviews, try and get a balanced view by reading both positive and negative statements.
If possible, talk to several home appraisers before hiring one. If you’re able to do this, you’ll be able to discuss and compare their rates, qualifications, and licenses.
Hiring an Independent Home Appraiser
Hiring an independent home appraiser is important because it gives an unbiased view of the value and condition of a property. Whenever entering into a real estate transaction, it’s always best to invest in this type of appraisal as it gives you a full understanding of the property so that you can make informed choices regarding it.
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