Is an appraisal a lengthy process?

Leave out what you assume on home appraisals, the process does not take too long. Depending on its size a property can be appraised in as little as fifteen minutes. At the maximum, it can take up to a few hours, as each property is different from the other. Once the home appraiser goes through the entire inspection of the property, they will spend a bit of time going through the neighborhood to get a better idea of the areas and location of the property. The appraiser must take all information into careful consideration before coming up with the final amount.

What are the sources of information for appraiser?

For an appraiser there are several sources of information. One of the sources is the courthouse records available in every county which store a series of files on each property. Previous appraisals, done years ago, are available from one source or the other and can also provide information. An experienced home appraiser uses each source of information while determining the worth of the property.

What Does an Home Appraiser Look At During Inspection?

An appraiser will look at a number of different things during the home appraisal. One of the primary things he or she will look at is the condition that the property is currently in. The condition plays a huge role in the value of the property. Another aspect that the appraiser looks at is the layout of the property and it’s the present interiors - are they modern or outdated. If there have been updates made to the property, the appraiser will take this into consideration when they come up with a value for the property. Any updates built to the real estate, will be looked at by the appraisers, whenever they appraisal the worth for the home. For the appraiser, it is all about the quality and condition of the home because this is what helps them make their decision.