3 Common Home Appraiser Mistakes

A home appraiser is utilized to assess the value of your home. Homeowners may hire an appraiser just to get an idea of what their home is worth. Banks use appraisal reports to establish the value of your home. While appraisers are useful, they can make mistakes. Here are a few of the most common appraiser mistakes to watch out for.

1. Missing a Room

While you wouldn't think an appraiser would miss something so basic, they do. This is especially true if the room was added on later and is off of the main traffic areas of the house. Don't be afraid to ask an appraiser if they looked at a certain room. Many times, if the square footage is not properly showing in the public records, the room can be overlooked and the square footage is drastically decreased.

2. Confusing Flooring

Many times appraisers do not know the difference between  hardwood flooring and laminate flooring. If you paid the extra for real hardwood, make sure that they understand what is on the floor. Hardwood floors are appealing to buyers and can sell a home quicker.

3. Wrong Comparables

Appraising a house is all about comparing it with other houses. Sometimes, the comparables that are used are not true estimates of value because the homes differ significantly from yours. Make sure that the comparables they used are at least somewhat close to your home and have sold within six months.

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