Top 10 Things Appraisers Wish Real Estate Agents Understood
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Loading... - Betty Simpson
- 02 Mar 2023
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As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! Keep reading for a summary of the most common answers we received, as well as quotes from some of the many appraisers who shared their thoughts and insights.
Top 10 most common answers
Here’s a breakdown of the top ten things appraisers wish real estate agents understood regarding the appraisal process, the role of the appraiser, and how agents could be more helpful—followed by corresponding comments and insights from survey respondents below.
The appraisal process is complex and takes time
“How complex it really is. We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.”
“It’s a lot more than just pulling comps!”
“The amount of knowledge, continued education and diligence it truly takes to provide an excellent work product for the property appraisal.”
“That it’s a process that requires a good amount of time.”
“There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” Read More…
