The Appraiser

Submitted by Jimmy on Fri, 01/26/2018 - 07:29

A Real Estate Appraiser is someone that offers an opinion, conclusion, or analysis relating to the value of real property. They do not inspect homes for stability, defects, or safety. That is a different profession. Some mortgages, like FHA, require the appraiser to do some basic inspections. These include items such as verifying that the water works and the paint is not flaking. Regardless, the appraiser is licensed to evaluate value.

Real Estate Appraisers must be licensed in Michigan. There are strict laws that regulate how they conduct their work. See Article 26 of Public Act 299 of 1980 and The Appraisal Foundation’s Uniform Standards of Professional Appraisal Practice (USPAP)for details. There are many things an appraiser will not do for you because their license and livelihood are at risk.

The whole appraisal process is considered a confidential matter between the client and appraiser. Appraisals are not made public. We respect our clients right to privacy.