Let’s say your real estate appraiser just inspected your property…
They walked around the house a bit, measured, looked around while taking notes, shook your hand, and left. What happens now?
Of course, all of the measurements and notes the appraiser took on your home can be verified- they came from your home, after all. But what about everything else?
https://www.youtube.com/watch?v=vvWSFhUbXl0
Everything the appraiser didn’t get from your house- neighborhood information, comparable sales, market statistics- all this information comes from other sources.. In this quick video, I hope to give you a better understanding of where a real estate appraiser gets all the information needed to properly appraiser your property.
Jonathan Montgomery is the founder and president of the The Real Estate Appraisal Group, and has been a real estate professional since 1998. He has been a broker, an investor, and currently works full-time as an appraiser. He enjoys appraising real estate in Washington D.C., Southern Maryland, and Northern Virginia.
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Great video Jonathan for helping people understand what goes on in the research process for an appraisal. Like you mentioned in the video, typing addresses of the subject into Google is a great idea. I have found out many important things about my subject property that way.