What Does a Home Appraiser Look For?
A clear walkthrough of what a residential appraiser actually evaluates during an inspection and how comparable sales are analyzed.
A residential appraiser provides an independent opinion o…
A residential appraiser provides an independent opinion of value. They evaluate the subject property's location, lot, size, age, condition, layout, finishes, improvements, and any factors that affect market appeal.
During the inspection, the appraiser typically measures o…
During the inspection, the appraiser typically measures or confirms gross living area, photographs the property, reviews finishes and mechanical systems at a high level, and notes deferred maintenance, recent renovations, and unusual features.
After the inspection, the appraiser analyzes comparable s…
After the inspection, the appraiser analyzes comparable sales in the same market area, makes adjustments for differences between the subject and the comparables, and reconciles a final value conclusion supported by the data.
An appraiser is not a home inspector
An appraiser is not a home inspector. They will note observable condition issues that affect value, but they do not test systems, open walls, or guarantee that everything in the home is functional.
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