Posts Tagged ‘appraiser property manila’

Many definitions of A Good Property Appraiser

Have you ever heard it said , “A good appraiser is hard to find”. What definition do you use?I have been around long enough to know there are a few definitions for a “good appraiser”.

The real estate appraiser’s definition of “a good appraiser”: A good appraiser has been well trained through experience, mentoring and education. If the appraised value is off, someone relying on his report  could suffer loss. The appraiser has good and extensive data sources and knows his service area well.

He has a good idea of the ebb and flow of buyers and sellers in the neighborhood, both from his data and from his experience with the market area. When including sales comps report, he strives to provide the most recent sales comparables which are most comparable to the home being appraised.  

Property and locational differences are adjusted based on what value differences indicate. The good appraiser also considers  listings and pending sales as (after market based adjustments) they tend to set the  high end of value. The certified appraiser reconciles all of his research, analysis and reasonings into a  final value that is not influenced by biased persons connected with the transaction. The result will be an unbiased home appraisal.

From over 22 years of appraising, the following is what I have come to understand the definition of a good appraiser is, from the view point of view of: Read more…