AND WILL IT HURT IF ANOTHER APPRAISAL IS DONE WITH
IN 2 WEEKS OF THE FIRST OF THE FIRST ONE ON A REFI PLEASE HELP THANKYOU
2007-03-07 10:32:13 · 2 answers · asked by Ricci 2 in Business & Finance ➔ Renting & Real Estate
Usually banks have a list of approved appraisers. They do not allow you to pick your own appraiser. If you are unhappy with the value then you can ask for another appraisal but you will pay for an additional fee. If your value is lower than you thought you should inform the appraiser of any sales of comparable homes you might know of that the appraiser does not have.
2007-03-07 16:32:48 · answer #1 · answered by tianaramal 4 · 0⤊ 0⤋
If you are trying to get a loan the appraiser may have to be on a list of approved appraisers for a lender to consider them. Some lenders have specific appraisers they will use in a specific market. You can not just shop around for the best appraisal (normally meant to be the highest value).
Your lender or mortgage broker should know who to use. If the property is rather unique then there might be a specialist that focuses on the specific type of property.
2007-03-07 18:41:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋