Appraisers...What Are They Actually Looking At These Days?
I have a question about what appraisers are actually looking for/at these days. (post housing collapse)
Are they only looking at room count, size/sq. ftg,
& Lot size, area?
Are they looking at condition of the house? Age, Repairs, remodeling, upkeep, problems? Are they objective enough to look beyond clutter, out-dated decorating, or is that part of their report?
How do comps. factor in? Especially with all the short-sale/ forclosures etc. What if you have a unique-type property (in-law quarters)?
I kind of know what they USED to do, but it seems the rules have changed. Before they were Over-appraising homes & now they seem to lean to the overly cautious approach and are under-apprasing. Is that a correct assumption?
So what is an appraiser actually supposed to be looking at THESE DAYS? I need an Appraisal 101 Class. lol Is there anything that can/should be done prior to an appraisal? Any/all replys would be greatly appreciated.
TIA ~~ katclaws