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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. Real estate agents in particular understand local properties extremely well.

Appraisal 309
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Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

Geographic Knowledge An appraiser with local knowledge will give you accurate work because geography and location affect property values. For example, they will communicate with others, such as property agents, owners, and realtors. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed.