Liberty Texas Real Estate Appraisals

Home valuation is a very regulated industry with numerous fees, certifications, professional insurance, and continuing education costs that the appraiser pays annually to stay in compliance. House appraisers are obligated to gain over two-thousand hours of apprenticeship prior to being allowed to carry out appraisals on their own. Since each home, neighborhood and comp is unique, a real estate appraiser will invest a considerable deal of time completing each appraisal report. Property appraisers actually get paid much less per week than other careers that demand similar regulation and schooling.

A house appraiser will complete a visual review of the attic if the appraisal report is to be used with an FHA loan. If feasible, make the area around the attic entry accessible so that an appraiser may go into the attic and complete a visual inspection. If access to the attic is sincerely impractical than an appraiser is allowed to perform what is called a head and shoulders visual assessment.

This is determined by how the floodplain affects usage of the property and whether or not there exist chance for damage to structures from flooding. For instance, if only the back part of your property is situated in a flood zone and there are no buildings in the location that could be damaged or blocked by flooding, then it will impart a reduced impact on your appraisal report. On the other hand, if half your house and parts of the driveways are located in a FEMA floodplain then it will have a sizeable negative impact on your appraisal report. In either scenario the appraiser must research other houses with comparable floodplains and calculate the affect such a attribute has on marketability.