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Real estate appraiser

2006-11-29 03:33:38 · 3 answers · asked by DotW7777 1 in Business & Finance Careers & Employment

3 answers

Distant cousins, sort of. A real estate appraiser fetches a good guess at what the market price should probably be. An underwriter is either a banker or an insurance person who determines if the property is worth the risk their company is taking for either financing or insuring the property. So your underwriter is determining if the company should cough up the cash and your appraiser is estimating the kinds of cash that might total to. Totally different functions. A correlation might almost be a stock analyst that tells customers how much company XYZ should be worth, as opposed to the kinds of analysts that tells some rich fatcats how much or if to offer to buy the company out. The difference is in the details, if you get my drift.

2006-11-29 03:42:46 · answer #1 · answered by Rabbit 7 · 0 0

An appraiser is the person that will provide a value opinion based on recent comparables similar in size, design and location to the subject property. The underwriter gets all the information together, verifies it and tries to make sure everything is legit. They are 2 completely different professions.

2006-12-01 22:31:35 · answer #2 · answered by Anonymous · 0 0

No, an underwriter basically qualifies the loan , an appraiser lats you know what a home is worth based on similar homes in that area

2006-11-29 11:37:11 · answer #3 · answered by Anonymous · 1 0

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