Home appraisers are a necessary part of your real estate transaction and it is important to know exactly what the appraiser's responsibilities are, and to whom.

One of the most common misconception about appraisers is that they work for the home seller. Actually, appraisers are hired to be impartial and provide an accurate "value" to your home in order for lenders to determine if the collateral supports the debt. These same lenders are also putting a lot of pressure on appraisers which result in higher than market value home appraisals.

If you are buying or selling a home it is a good idea to do some research on the role of appraisers and how they effect you.  Click here for some good facts on appraisers and the process.

Have you had any experience with home appraisers? Share your thoughts with us!

 

 

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