Should I trust that my Greenville appraiser is correctly valuing my house?

Real estate professionals often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. This leaves the ultimate lingering question: “When does communication go too far and when does it not go far enough?”

Although in most cases real estate appraisers in Pitt County and Eastern North Carolina know what qualities to look for in their business relationships, they can occasionally experience situations where they are unfairly and perhaps unexpectedly pressured by people involved a mortgage transaction. This can include improper forms of influence such as inflating the appraised value, overlooking repair items, misstating facts, ignoring/concealing external influences, and misrepresenting market conditions. Because of this reality, many laws and regulations have been enacted over the past 10 years to discourage improper communications with the appraiser.

These laws have, unfortunately, created tension between real estate professionals and appraisers – which we will aim to diffuse via the pointers below. The following list, while not all-inclusive, should provide a general guide. The following items are intended to help mortgage lenders and appraisers foster a healthy, proactive relationship via improved communication. Via MortgageOrb