Who do Appraisers work for?
Typically, appraisers are employed by lenders to estimate the value of real estate involved in a loan transaction. In these cases, the appraisal is technically owned by the lender. An individual may also order an appraisal. However, in some cases this may be counter productive. We are always available for consultation to determine the best course of action. Where does an appraiser get the information used to estimate value? Back to top Gathering data is one of the primary roles of an appraiser. Data can be divided into Specific and General. Specific data is gathered from the home itself. Location, condition, amenities, size and other specific data are gathered by the appraiser during an inspection. General data is gathered from a number of sources. Local Multiple Listing Services (MLS) provide data on recently sold homes that might be used as comparables. Tax records and other public documents verify actual sales prices in a market. Flood zone data is gathered from FEMA data outlets, s
