Typically, if you're buying a house, you'll be required to have it appraised before your loan closes. Part of the reason for this is to ensure you're paying a fair price for the property. Another is to protect your lender's investment – since they're going to be assuming most of the risk. Either way, it's a good idea to have a third-party, unbiased, professional assessment of the property. Appraisal Institute president, Stephen S. Wagner MAI, SRA, AI-GRS, certainly thinks so. He says it's important that anyone getting an appraisal know the purpose of having one. “When hiring a valuation professional, clients should first understand the role of an appraiser,” Wagner said. “The appraiser's role is to provide objective, impartial, and unbiased opinions about the value of real property – helping those who own, manage, sell, invest in, and lend money on the security of real estate.” Wagner suggests asking certain questions to make sure your appraiser is highly qualified. For example, asking about an appraiser's experience, licenses, certification, and clientele can help you avoid any potential issues that could affect the closing of the loan.
Buyers in Eastern, NC, say they prefer to have their agents, like the ones at First Carolina Realtors, help them find an appraiser and help get all the legal work done so that nothing is forgotten. This makes the home buying process so much easier and makes it all get done in a timely manner. To see some of the homes that are available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/. More here.
