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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  August 3, 2009  |   Tips for Getting a Good Appraisal
Appraisals can be tricky these days. Here’s some advice from Maureen Sweeney, a Chicago-area owner of an appraisal firm, on getting an accurate and fair appraisal.
  • Both the real estate practitioner and the owner should be present for the appraisal and follow the appraiser around. Make sure he doesn’t miss anything important.
  • Ask questions to determine if the appraiser has identified the correct neighborhood boundaries and if she’s comparing the home to similar properties.
  • Bring a copy of a recent tax bill and a survey of the property, and give them to the appraiser.
  • Provide a list of improvements to the home.
  • Offer your professional opinion about what makes this property worth more than other properties in the area.

Source: Chicago Tribune, Mary Umberger (08/02/2009)

Read More
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