Appriasers In Todays Market

Dated: 02/28/2015

Views: 691

Did you know the process of appraising a home is coordinated by a 3rd party, that draws from a pool of appraisers. We always hope they are local and know our market place and what is called geographically competent.

In that way the best person for the valuation of a property is chosen.

In the old days before the mortgage meltdown, a lender would contact the best appraiser for the job.

Now the lender can have no contact with the appraiser and must contact the ARM-appraisal management company.

There may be different ways to accomplish this task and this is what we have to deal with today.

So if a property is sold in the Big Island, and the appraisal management company is in the midwest or east coast for example, we ask for a person who is geographically competent. Since the cost is anywhere from $500 up, we always want the best person who is the eyes of the lender and can do the best job for the sale.

If you are buying a property in Hawaii, have a conversation with your lender about this.

Want to Advertise on this Site?

Latest Blog Posts

Kohala Ranch Beauty

This Kohala Ranch 10-acre estate property will take your breath away! Undeniably one of the best view lots in Kohala Ranch with 360-degree uninterrupted coastline, endless ocean, Maui, Mauna Kea,

Read More

5 Reasons Why You Shouldnt FSBO

5 Reasons Why You Shouldn’t FSBOIn today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as

Read More

Whale Shark Experience In Kona

Fishing in Kona is always unpredictable and sometimes very surprising. Hawaii is the most remote archipelago in the world surrounded on all sides by at least 2500 miles of pristine water. Some

Read More

Should You Own Your Home

Should You Own Your Home? The American Dream Of Home-ownership Isn’t Right For Everybody… Or Is It?Weighing the pluses and minuses of home-ownership…Buying a home can be one of life’s

Read More