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Updated over 6 years ago on . Most recent reply

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17
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Nathan Guyette
  • Grandview, MO
2
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17
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Appraising an appraiser

Nathan Guyette
  • Grandview, MO
Posted

What tools exist for appraising the value of an appraiser? Any sort of standardized ways of doing this? Do I just have to rely on Yelp and other such websites to get statistical data?

Most Popular Reply

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106
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118
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Josane Cumandala
  • Appraiser
  • Brooklyn, NY
118
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106
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Josane Cumandala
  • Appraiser
  • Brooklyn, NY
Replied

The "standard" varies from state to state. State government regulates the licensing of appraisers so you'll need to hop onto your state's division of licensing services or what have you for the list of certified appraisers in your area. 

From your question I have a feeling you dislike the value an appraiser came up with. Just because you disagree with an appraiser's conclusion doesn't make one of you right and the other wrong. A skilled appraiser will address the macro and micro economic trends in their report and explain their reasoning. If there is little to no support or reasoning in the report for their adjustments it probably isn't a good appraisal. If the value they present is not reflected in first three comparable sales...it probably isn't a good appraisal. Read the report carefully and see how the appraiser came up with their conclusion even if you don't personally agree with it. The report itself will tell you if the appraiser is skilled or not. If it is a supportable opinion and you just happen to dislike it that is no reason to attack a professional appraiser. 

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