Having your land or home appraised is a crucial step in determining the value of your property. In Northern Georgia, there are several choices available when searching for an appraiser. However, you should know the right questions to ask so you can feel confident that you have hired the best person for the job.
- What qualifies the individual to appraise your residential land or home?
There is licensing for appraisers. Lenders require licensed or certified appraisers for mortgage loans. All state licensed and certified appraisers must adhere to the Uniform Standards of Professional Appraisal Practice (USPAP). A copy of the current USPAP can be found on the Appraisal Foundation Web site.
- How do you pick an appraiser?
The best way to find a good Real Estate Appraiser in Blue Ridge GA is to look at their ratings and reviews! A good appraiser is respected by buyers and sellers alike. If you cannot decide who to use, another great resource is to ask a local realtor who is respected in their community.
- What should be included in the home appraisal cost?
Your appraisal will include details about the home, a description of the neighborhood and a look at similar properties in the neighborhood. Similarities include number of location, view, acreage, bedrooms, bathrooms, square footage, age, style and more. It should also contain an evaluation of the neighborhood in terms of the real estate market and an estimate of how long it should take for the property to sell.
- What is the fee and on what basis are the charges incurred?
Most appraisal companies will have a set fee for how much they charge for an appraisal. However, the size of your home and the neighborhood in which it is located will often affect the cost of the appraisal. Larger homes require more work and time to appraise, than smaller ones. And homes with more complicated features, such as swimming pools, guesthouses, lake frontage and any other feature which is not part of the average home will take more work and research to find good comparables.
If you have any questions or concerns about the Appraisal process just call us at 706-633-3709.