Saturday, April 26, 2008

Are All Real Estate Appraisals Accurate?

If you are interested in obtaining a real estate appraisal,it is your duty to get accurate information.Not all real estate appraisals are accurate. This is a flaw in the industry, and one that can really harm you in more ways than one. But you can get
accurate real estate appraisal if you are willing to do the leg work that is associated with getting started.

Do you know the best way to accurate real estate appraisal? Simply put, you need to hire an appraiser who will provide you with accurate information. The best way to do this is to ask them as many questions to clear your doubts. How long have you been doing real estate appraisals in the area? Do you have references? How much do you charge? What do I get for the fee that I pay? These are all questions that will help you to get the most out of your real estate appraisal.

Once you have done your homework, you can probably get an accurate real estate appraisal. But even if you think that you hired a reliable appraiser, things do not always work out like this. For this reason, you have to closely look over the report
to ensure everything is said and done. Since you know your home better than anybody else, you can suggest if everything is as it should be. This is not to say that you know more than the appraiser, but look for glaring omissions or problems that you are not aware of.

When it comes down to it, not all real estate appraisals are accurate. Some of them are better than others, so make sure that you get a good one. If you are going to spend a few hundred dollars paying for a real estate appraisal, you should get accurate results and a report to match.

About The Author: Kim Lee writes for Singapore's Rental Portal

1 comment:

Ted said...

Buyers often have a better sense of fair market value than appraisers because Buyers consider current listings as well while appraisers just consider past sales.

Ted Amenta - Breckenridge Real Estate agent.