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how can i get a free aprisal

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July 28 2011 - Paterson
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Profile picture for Candace S
To my knowledge you can't get a free appraisal.   Your more then welcome to use Zillow to get a Zestimate.  Keep in mind a Zestimate is not an appraisal, its a starting point.  Good luck.
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July 28 2011
Hello:

I can offer you a free market analysis of your home in the current market conditions. It's the same thing as an appraisal, only it's free with no obligation! [edited by Zillow moderator to remove contact information]

Thanks,

John Pordon
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July 28 2011
There are two types of basic potential appraisals or ways to potentially estimated the value of your property. (Note:  A professional appraisal is also only an estimate and the value of your home and can change quickly one way or the other from a 'paid' appraiser as many banks and lenders have discovered in recent years).  One way is to pay for a professional appraisal by a state certified appriasal service (or individual).  Such services can be found in phone books, referred by banks / mortgage companies, or RE offices if they are willing to share such info.  The second way to obtain an 'estimate' of your properties value is to do so by asking a RE office or agent to provide you with a Competitive Market Analysis.  This analysis is usually free (as the agent or office is hopeful that you may list your property with them for completing this task).  However, it will only tell you what similar homes or properties in your neighborhood have sold for in recent weeks / months or are currently listed at price wise ..... at the time of the market comparison.  On the other hand ..... it can be a fairly good indicator of where you might to list your home / property price wise!!

Best success ..................
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July 31 2011
Profile picture for SoCal_Engr
First, you probably cannot get a "free appraisal". Part of the value of an appraisal is that it is performed by a paid appraiser who is supposed to have no other interest in the house, or it's value.

"I can offer you a free market analysis of your home in the current market conditions. It's the same thing as an appraisal, only it's free with no obligation!"

C'mon now. A CMA is the same as an appraisal? It's statements like this that make people look at the REA profession and go "huh?". Granted, an appraisal and CMA are both estimates of value. However, try taking a CMA to a bank and get a loan.

Without getting into a discussion about the capabilities of appraisers-v-REAs (not really sure this is possible), the most important difference is that the appraiser has no vested interest in the appraised value, where a REA cannot make the same arms-length claim.

Can anyone shed any light on what the requirements, if any, are for a person to perform appraisals (i.e., classes, licensing, etc.)?
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July 31 2011
Profile picture for wetdawgs
@ SoCal_Engr:

Washington state requirements are here. for becoming a residential appraiser.  They are indeed considerably more than getting a real estate license (described here).

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July 31 2011
I wish I knew the answer to that one! As far as I know appraisals must be paid for. Your best bet is to get a market analysis done by a local realtor. Realtors will provide a complimentary analysis which is similar to an appraisal as a courtesy to potential clients. Good Luck!
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August 04 2011
 
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