The refined, intuitive
skills that consumers apply to most goods and services are the product of years
of experience comparing the prices and quality of various commodities. These
skills are often lacking when it comes to decisions for residential and commercial
property, and are not equal when it comes to Real Estate Appraisers. The
purchase or sale of residential real estate may be one of the largest financial
transactions a person will ever make, so the reliability and competence of the
appraiser are especially important. Evidence and assurance of ability and
experience should be a top priority to users of the appraisal product.
A good real estate
appraiser will readily provide this documentation. Copies of licenses are
commonly requested by mortgage brokers and loan officers. Once you get a copy
of the license, it's a good idea to check with the government agency which
issued the document to ensure the license is active and in good standing. A key
question to ask prior to hiring a real estate appraiser is whether or not he or
she is licensed. Also find out what type of license the appraiser has. There is
a certain level in which an appraiser may appraise real estate subject to
limitations regarding commercial property and value than residential property.
A Certified General Real Estate Appraiser is a comprehensive level of licensure
which qualifies the appraiser to appraise any and all types of properties.
The training and educational background should be a consideration prior
to hiring the appraiser. The state is continually increasing the educational
and training requirements of appraisers and if the state finds it important to
continue increasing these requirements it must be an area of concern. Prior to
the state and federal government getting involved in the licensing of
appraisers the Appraisal Institute was training and educating appraisers.
A Trainee may need to
have the appraisal signed by a standard/certified/ or general license. Once you
find a real estate appraiser hang around while he's doing the job. Watch what
he's doing and feel free to ask questions about residential property selling
and commercial property costs. Be sure to ask for a copy of the appraisal.
Unless you hired the appraiser yourself you won't automatically get a one. If
the bank hired the real estate appraiser then the bank is the client, even
though you're paying for the appraisal. By law you have to be given a copy if
you ask for it; even just for your assurance.
Tampa Bay Realty LLC
1408N West Shore Blvd
Suite 1000 Tampa, FL 33607
(813) 908-0706
http://www.businesslocallistings.com
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