Homeowners who are looking for a property appraiser often ask “How should I know which real estate appraiser to use?”
When choosing a property appraiser, keep the following in mind:
- Always make sure an estate appraiser is licensed by the state to achieve property appraisals. While state licensing and/or certification isn’t always an indication of quality, it ensures that an individual has met certain values and been authorized to do property appraisals.
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- Some states do not need certifications to perform property appraisals. It is risky to use the facilities of any expert who isn’t licensed or certified.
- Do not be afraid to ask an appraiser to get a copy of their certificate. A good appraiser will easily provide this documentation. Copies of licenses are usually asked by mortgage brokers and loan officers.
- As soon as you receive a copy of their license, it’s a fantastic idea to check with the administration agency that has issued the document to make sure the permit is active and in good standing.
- Many excellent real estate appraisers carry a professional designation. The most commonly known business designations are SRPA, SRA and MAI.
- These designations are issued by the Appraisal Institute. These designations demonstrate an appraiser’s commitment to continuing education and ethical standards. Oftentimes, the standards needed to get these designations exceed those set forth by state licensing/certified requirements.
- Ask the real estate appraiser what fraction of their work is done in the neighborhood where the property is located. Appraisers who do plenty of their effort or live in a specific part often have a deep understanding of property values in that area.
Additionally, they are more likely to know how “neighborhood factors” such as school districts and fire departments have an effect on the property values in the region. You can also visit this website to know more about property appraiser.