Austin Divorce Appraisals

Home appraisers may be handcuffed when similar comparables are hard to locate. Usually a property appraiser will ask for a conditional allowance and to be permitted to go further out in distance or further back in time for comparable home sales. All of these solutions are justifiable appraisal practice but due to the fact that they are outside the “norm” it typically sounds the alarm with mortgage companies.

A tax authority uses recently sold houses to indicate the assessed value, they do not have access to private appraisals. Only appraisals requested by a bank on behalf of the client, will be made public knowledge and shared with local tax districts. A professional appraisal is a powerful instrument in the task of contesting your property tax values.

The expanse of the appraiser’s data collection, analysis, and reporting is dictated by the difficulty of the appraisal assignment. As an Example, if the Subject’s measurements are wildly different than tax records, a home appraiser might ask for blueprints, a survey, or additional data from a real estate agent or homeowner to support his or her conclusion. Through extensive market examination and evaluating market data pertinent to the property being evaluated a real estate appraiser is confident to come to a conclusion of value. If reasonable, a home appraiser can use data provided by his/her client or a third party.

State regulations, as well as stringent industry standards promise to insure home appraisers have met substantial experience and educational requirements set by the TALCB (Texas Appraiser Licensing and Certification Board). Furthermore, house appraisers must complete several thousand hours of appraisal assignments as an apprentice prior to earning their license. Finally, real estate appraisers must be able to prove mastery in not just valuation but in their geographic area.