When selling your Northern Illinois home
, a home appraiser is a very necessary part of the real estate transaction.Â And it is also very important to know exactly what the appraiserâ€™s responsibilities are and to whom.
One of the most common misconception about appraisers
is that they work for the home seller. Actually, appraisers are hired to be impartial and provide an accurate "value" to your home in order for lenders
to determine if the collateral supports the debt. These same lenders are also putting a lot of pressure on appraisers which result in higher than market value home appraisals.
Whether you are buying or selling a Chicago North Shore home
, it is a good idea to do some research on the role of your appraiser and how the appraiser can affect you.Â Click here for some good facts on appraisers and the process.