Exact(3)
Borrowers who question an appraisal should obtain the appraiser's report from their lender and review the comparable sales that were used.
One appraiser's report in 1999 even warned that federal officials were seizing industry records to investigate widespread overpricing.
Appraisal experts offered homeowners several suggestions that may help demystify the process, including walking with the appraiser through your house and reviewing a copy of the appraiser's report afterward.
Similar(57)
The F.H.A. appraiser takes the consultant's report into account when reviewing a property and determining how big the loan can be.
Mr. Engelman also disputed the appraiser's estimate, saying that its report did not note that the theater needed repairs like a new power grid, heating system and soundproofing.
In the example, the appraiser must report that the house is worth at least $308,000.
Casoria said the figure of $2.2 million in property tax savings – which was reported by the Orange County Property Appraiser's Office – "seems high".
But even then, you should check the appraiser's qualifications.
Review your appraiser's resume or curriculum vitae.
The Gere sale was completed just as the appraiser Jonathan Miller reported that the largest backlog of unsold apartments in Manhattan is of the expensive downtown variety.
Real estate appraiser Jonathan Miller reports that over the past seven years, only 11 homes with at least a $10 million sales price have sold in Westchester, whereas 1,355 have sold in New York City during the same period.
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