One is to establish a baseline from which the words of the visiting REALTOR can be compared.
You will find there to be many benefits to contacting a local lender (portfolio lender) that your REALTOR recommends to complete the appraisal. Don't allow the buyer to choose a big bank lender who is certain to inflict pain in the home seller, if they close at all.
Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor, FL
I can provide the names of several local, reputable appraisers. Feel free to contact me and I'll pass them along to you. If you're working with an agent already, he or she should be able to do the same. If you're looking for a free market evaluation, I can help.
Wagner Realty Group
Keller Williams Advantage
Are you selling your home by owner? If a buyer is getting financing through a bank the bank will order the appraisal. If you are looking for an appraisal of value that will vary a little from actual sales value. A bank will loan you more money on a home because they look at it as a long term purchase. The appraisal for sales value will be the last 3 months of comparable solds (I don't think they use 6 anymore). If you are flipping the home in under 90 days and need an appraisal for your side of the transaction then ask around. A lender, bank or real estate agent should be able to recommend some appraisers. See whose name comes up most.