HISTORY HAS SHOWN.....
In the past, the appraisal process for residential real estate has been controlled by the lending community. Lending Institutions order an appraisal from a faceless individual and you have no idea of their qualifications, experience, areas of expertise or their level or professionalism. As many people have unfortunately become aware, an inexperienced appraiser can annihilate a real estate transaction with a single keystroke.
1. You CAN control the process!
OBJECTIVITY IS IN YOUR BEST INTEREST
Part of the appraisal process is for the appraiser to arrive at a market value in an objective manner. If is the case, why are they hired to appraise YOUR property by the very people who pay THEIR salary. If you are the one purchasing the property, paying the mortgage and making a life in this property - you have a vested interest in hiring an appraiser who can remain objective in determining your property (or future property's) value.
2. YOU can control the process!APPRAISE THE PROPERTY BEFORE LISTING IT FOR SALE
Realtors are some of the hardest working individuals in real estate. In spite of all the elements in a real estate transaction that can go wrong, they are the ones who steer all the ships towards the common goal - A CLOSING! Realtors and appraisers look at value very differently and it is unfortunate when a transaction does not close due to the property not appraising at sales price. A lot of wasted time and effort that is emotionally draining to everyone involved. A Pre-Listing appraisal ensures you do not list your home too high or too low.
3. You can CONTROL the process!