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Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisalinspection is typically where such interactions occur, and this can be a stressful experience for the borrower.
AppraisalInspection: A typical on-site inspection of the subject involves the appraiser walking through the dwelling, examining the site improvements, and walking a representative portion of the land. An appraiser’sinspection is comparable to the level of observation conducted by a typical buyer.
AppraisalInspection: A typical on-site inspection of the subject involves the appraiser walking through the dwelling, examining the site improvements, and walking a representative portion of the land. An appraiser’sinspection is comparable to the level of observation conducted by a typical buyer.
Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisalinspection is typically where such interactions occur, and this can be a stressful experience for the borrower.
You need to have this information so that you know who the appraiser is and you can contact them if needed. There have been instances of appraisers trying to cut corners by sending out inexperienced people without licenses to do property inspections, and you need to know who is coming out.
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