Real Estate Appraisers in Rice Military Houston

An appraiser’s inspection of the house is solely for the basis of comparison of other properties, where an inspection is the basis for the absolute condition of all aspects of that particular property. An appraiser walks the outside of the property to get a basic idea of the outside condition. He is usually looking for obvious deficiencies in roof, siding, and foundation as well as a general assessment of interior conditions with relation to properties in the immediate neighborhood. Because as appraiser is not a structural engineer, there may be hidden or unapparent physical deficiencies or adverse conditions of the property at the time of the inspection that he may be unaware of. The appraiser will ask about any visible problems and those which may not be visible, and will do his/her best to gauge any impact on value attributable to those problems. In certain cases, if you feel your home has external or internal damage that may be unapparent to the visible eye of an appraiser, you may be prompted to seek the advice of a real estate inspector.

You are entitled to receive a copy of the appraisal from your lender. Lenders are required to provide a copy of any appraisal reports ordered on your behalf regardless of the loan outcome.

The lack of recently sold comparable properties presents an issue for both the appraiser and lenders. Generally the appraiser will request a variance and to be allowed to go further out in distance or further back in time for comparable sales. Any of these methods are acceptable appraisal practice but since they are out of the “norm” is usually raises red flags with lenders.