Main Line Homes Blog


How can you appraise if you are unfamiliar with the area?

Just finished reading a commentary on a survey  on the new HVCC from NAR. As I blogged recently in Why are Appraisal firms using appraisers from way out of the Area we have had two appraisal issues in the last week. I also heard from agents whilst out this week that they are having problems, so the issue is current right here in Pennsylvania with appraisers from out of the area being used and not understanding the development, the homes or the pricing in the area.

So rather than improving the appraisal situation from the commentary the survey implies the situation is worse, with longer delays, and lower quality and higher prices for consumers.

As I said in my last piece when appraisers cannot even get the square feet of a property right and compare same models and attribute different sizes there is a problem with the quality of people being used.

So what have you been finding with your deals recently?

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