The Double Comma Club

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What Consumers Need to Know About Appraisals

February 26, 2021

Joey Pizzi of JP Appraisal Services Gives Consumers Tips regarding appraisals

Nicole's guest, Joey Pizzi of JP Appraisal Services wants consumers to know a few things about the appraisal process to help them before the appraiser arrives, and for buyers to understand the current market filled with over-asking-price offers.

  1. It's different than a home inspection.
    This is what is done during an appraisal: measure, take photos, documentation, assess the condition, look for any needed maintenance
  2. How hard is it to appraise a home?
    Need to really be familiar with the market. This includes all of these offers coming up to $100,000 over asking prices. Your appraisers need to know how to read the market and look out for anomalies.
  3. Things a seller can do before the appraiser arrives.
    PAINT: railings, cabinets, holes in the walls.
    Cleanliness shouldn't affect the appraisal, but it can be distracting. Declutter, clean up - show that the house is cared for.