10 things real estate appraisers won’t tell you – MarketWatch

Appraisers have a challenging job; their primary responsibility is to determine, the best they can, what an appropriate value for a property is, at a given time, considering all the external circumstances that are, or were in play at that moment in time. In communities like Atascadero, Templeton and Paso Robles that can be a tough order to fill. However, there are standard methods and practices that all professional, licensed appraisers should abide by in order to accomplish the goal. The onslaught of rules, requirements and regulations have made it a tough gig in recent years, and the original scope of work is just as challenging as ever.

I think that the title of this article is a bit misleading as most appraisers are working assignments for banks and that is who they are primarily coordinating specific information for. Rarely do I see consumers deal directly with an appraiser, even though it is considered part of the buyers closing costs expense. It is also usually part of the re-finance process.

I recently posted some information on appraisals and some local providers I work with. Here is another article I found that can help shed some more light on the appraisal process so you know what to look for and what to expect when it comes time for you to require an appraisal.