When you don't think the valuation that you paid for is accurate you can spend some time and effort yourself to validate the results.

If you're selling a home, or you're in the market to buy one, you're going to cross paths with a home appraiser People also hire appraisers if they need to estimate taxes on an inherited home, or if they need to set a fair value on property that they intend to lease

What can you do if you disagree with a real estate appraisal The first thing you need to remember is that the appraiser's role is to provide impartial opinions based on his experience and knowledge

What is HVCC The Home Valuation Code of Conduct was brought to life by New York State Attorney General, Andrew Cuomo

Real estate appraisers in 2009 have been struggling with trying to analyze real estate markets that are basically one sided, they simply lack any sort of demand.  Like the failure of Economists to explain the reason for the financial collapse, appraisers generally fail when attempting to express "market value" opinions, because as a matter of fact, real estate "markets" do not really exists for some property types in some areas.

NAR's decsion to attack the HVCC via the NY Attorney General's Office and FHFA to bring appraisals more in line with sales contracts is not beneficial to the appraisal industry.

May 5, 2009, Written by: Michael C Zari If you have not already heard, as of Friday May 1st 2009, as one industry expert put it, "the complete lending landscape just changed

After the Savings and Loan crash in the late 1980's, appraiser licensing was put into place in 1991 by the federal government in an attempt to avert another banking disaster.  Here we are, however, in 2009 with a much larger banking disaster to deal with.  So clearly the original plan for appraiser licensing has ended in failure.

Today marks a major change in the lending landscape and the way loans are sold to Fannie Mae & Freddie Mac

Most appraisal assignments direct the appraiser to form an opinion of the market value of a specific property. If you are familiar with appraisal definitions you know that most market value definitions indicate that market value is the “most probable price” that a market participant will pay for a property. So in most instances appraisers have to consider value as an anticipation of future benefits.