What criteria should be considered when selecting a residential real-estate appraiser in the US?

Question

As a buyer, if a private appraisal should be performed on residential real-estate prior to purchase, what criteria should be considered when selecting the appraiser, and how can someone locate and evaluate the required information about competing appraisers efficiently?

Michael · Answer

Usually when you buy a home, the mortgage company will send out a third-party neutral, and anonymous appraiser. This is to ensure that the appraisal is fair and objective. But I'm not a real estate expert. However, I would ask them questions like how many appraisals do they do? How long have they done it for? How many properties in the area have they appraised? Do they have the license? Are they well-known? Etc. etc.

Answered by Michael on March 6, 2021

What criteria should be considered when selecting a residential real-estate appraiser in the US?

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