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.
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.
Your real estate professional should offer their opinion about what makes this property worth more than other properties in the area.
Source: Chicago Tribune, Mary Umberger (08/02/2009)
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