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How do I get an appraisal?

  • July 14 2009 - Santa Fe
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Answers (5)

Profile picture for HH0101

Where and when to locate an appraiser definately depends on what your purpose is in  acquiring one. If you are just looking to find out what the value of your home is on the market than a CMA is your best bet. However if you need to know for other reasons than you can find a licensed appraiser in the yellow pages or through online searches. But be weary because it may cost you if you have a large home.

Hope that Helps!

  • August 09 2010
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I am a realtor here in Santa Fe and can recomend a few appraisers. my email is lt@santafelogic.com.
  • August 06 2010
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You can find appraisers in your area through a referral from a friend or online or in the phone book. You can have Realtors come in and do a market analysis.It would depend on what your purpose is. If it is to refinance you cannot pick the appraiser. If it is for another reason certainly you can contact a licensed apptaiser and have them do it for you. If you are selling you may not need one. The buyer's lender will require one which you do not pay for.
  • July 14 2009
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There are several options.
1 - If you just want an idea of what your house is worth in today's market because you are thinking of listing it, you can ask a Realtor to prepare a Competitive Market Analysis (CMA) for you. That will not cost you anything,and should be close to what your house would be listed at and sell for - although it is not an appraisal. After a buyer makes an offer and you go to contract, then the buyers' lender will order an appraisal - which the buyer will pay for.
 
2 - A CMA will not help you if you are wanting an appraisal for, say, refinancing your home. If you want the appraisal for that reason, then go to your bank or mortgage company. They will have a list of licensed appraisers they use and whose appraisals will be seriously considered when making a decision on your re-fi..

3 - If you want an appraisal for the purpose of contesting your property's assessed valuation, then you can go to any one of several licensed appraisers directly. There are some very reputable ones here in Santa Fe who have good reputations with the Assessor's office.

Just FYI, you can expect an appraisal to cost around $400 - 600 depending on the size of the house.

Hope this helps,
Spence
  • July 14 2009
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You can check with a mortgage lender in your area for some referrals for a qualified appraiser.  Depending on the size and price range for your home the cost will vary.  If you are refinancing, your mortgage lender will likely take care of the appraisal.  If you are selling, the buyer will pay for an appraisal.  If you just want an appraisal so there are no surprises or want a better idea of what to list your house for (which I highly suggest), you would pay for the for cost of the appraisal yourself.Hope this helps.
  • July 14 2009
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