Copyright © 2016 | CAA Real Property Services, Inc.

Text Box: Frequently Asked Questions

· Are appraisers licensed and governed by the state or federal government?

Both state and the federal government govern the appraiser. All appraisers are required to be licensed by the state. All appraisals for federally related transactions are required to conform with the Uniform Standards of Professional Appraisal Practice (USPAP).


· Is the appraiser qualified to perform a home or building inspection?

The appraiser is NOT qualified as a building inspector, therefore, the appraisal does not warrant nor guarantee the condition of any structure, water, septic or sewer system, electrical or plumbing system, heating or central air conditioning system, existence and/or adequacy of insulation, existence of mold or lead, or that the appraised property will pass any local or federal regulations or inspections. Furthermore, their reports do not guarantee in any way against present or future leakage, bursting, cracking, peeling, flooding, soil erosion, earthquake, abnormal water pressure, termites, infestation, noise or nuisance.


· What is involved in the appraisal process?

The physical inspection of your home will begin the appraisal process. Several key points are listed below to help you understand the procedure:

· The interior inspection will last approximately 10-35 minutes, depending on the size and complexity of your home. Please do not feel the appraiser is working too fast or overlooking certain features, as they are will trained and experienced.

· Please allow the appraiser to access every room in your home. Don’t worry about the kids, toys, unmade beds, vacuuming or clutter. The appraiser is only looking at the structure, condition, and features of your home.

· There are several different ways to obtain the measurements of your house. An appraiser may physically measure the house with a tape measure, a measuring wheel or laser measuring device; he/she may obtain the measurements from a previous appraisal report they completed, a prior mortgage survey, or directly from the builder. During the second step of the process, the appraiser will search through data of your neighborhood for homes that are similar to yours in location, size, design, number of rooms, and extra features. We call these homes Comparable Sales or “Comps”. Our appraiser makes dollar adjustments to reflect differences in “Comp” properties. Upgrades like fireplaces, air conditioners, or major structural improvements add value to a property (usually not dollar for dollar, but they will add value).

· In the third and final step, a finished report requires extensive research by the appraiser and our staff to complete. We then submit our completed report to your lender.


Ethically, we have a client relationship with your lender. Therefore, by state and federal laws, all of our communication must go through your lender. However, feel free to ask questions while we are in your home.