Do you have a property that you need to sell and get the best value for it? The best solution is to engage a certified residential appraiser with experience and a reputation in the industry. Do not appoint a professional without checking their background record.
WHO IS A REAL ESTATE APPRAISER?
A real estate appraiser usually has some certification, the most common of which is the state-issued license. Most states require that an appraiser takes a course to get their approval. It is then up to the individual states whether or not they want to offer reciprocity with other states.
There are also national certifications that are recognized by the majority of states. One can obtain residential real property certificates through testing offered by professional associations, universities, and other private companies.
The appraisal profession is regulated at both the state and federal levels. There are two distinct roles that appraisers play in real estate transactions. The primary one is a certified or licensed appraiser for residential units who provides an opinion of value for a specific property as part of a real estate transaction. And the certified or licensed residential appraiser who conducts appraisals for federally related transactions.
The federal government regulates the activities of lenders, brokers, real estate agents, home builders, and others engaged in lending money on real estate through its administrative agency, etc.
Lenders and brokers who engage in federally related business must use a certified or licensed residential appraiser to perform the appraisal. The appraisal is used to support the loan request submitted by the borrower.
HOW TO FIND A QUALIFIED REAL ESTATE APPRAISER IN 7 STEPS?
- Ask your friends, colleagues, and neighbors if they know of a good real estate appraiser in their area. You may ask them how much to pay for the appraisal service and what were the things that they liked and did not like about the company.
Do not just limit your options to acquaintances and people that you know. You should also look for real estate appraisal companies online and see if their customers post reviews about them.
- Check the appraiser’s license number that you intend to hire. Make sure that it is a valid license, like Certified General Appraiser (CGA), Certified Residential (CRA), or Certified Automated Valuation Model (CAVMTM). So check for appraisal licenses before confirming the deal.
Every state has a different set of conditions to become a licensed appraiser. You can also check the license through the National Association of Appraisers’ website.
- Ensure that an appraisal report will be written for the property that you will hire them to do the appraisal. If the appraiser does not have a written statement, it would not be easy to get a reasonable opinion of your property’s value.
Assure that enough time is allotted for an accurate appraisal or assessment of your premises.
- Inquire if they have done a lot of jobs similar to what you are asking them.
Real estate appraisers with experience in the same field for some time now will have sufficient expertise to give you an accurate assessment of your house’s value. They also know how to deal with people who want their opinion of value.
- Ask if they are willing to do an open house appraisal or walk-through. If the appraiser is ready to do this, then it means that they are eager to work closely with you and meet your needs.
- Inquire if hidden costs or expenses are involved in their service. Make sure their fee is inexpensive and very similar to the market rate for real estate appraisers.
- Find out if the real estate appraiser has a good reputation in the industry. Their track record should speak for their competence and reliability as a professional in the realty business.
Begin by asking your friends, neighbors, and colleagues about their opinion of this particular certified residential appraiser in Los Angeles or individual. Also, read reviews about them online at their profile on social media, like Twitter and Facebook.
Why don’t you consider connecting with Randy M. Sonns for further help? They are reliable and renowned in the industry.
