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Unbiased Appraisal Services: An Interview with Appraisals by Michael

By Kristen Bosse

Please describe a little bit about your company and the services you offer.

Appraisals By Michael is your local appraiser in Atlanta, Georgia including Buckhead, Midtown, Downtown as well as surrounding counties such as Cherokee, Clayton, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, Henry and Rockdale County. Michael specializes in home appraisals, real estate appraisals for property tax reduction, estate planning, listing/ offering appraisals and appraisals for non-traditional purposes such as bankruptcy related valuations, pre and post foreclosure valuations and other valuations which would likely end in a hearing or be part of a court case.

At Appraisals By Michael you will find that as your local home appraiser Michael works hard to provide you not only appraisal services in Atlanta and the surrounding areas but information that can help you as a buyer, seller or attorney to be more knowledgeable about home appraising in and around Atlanta. At AppraisalsByMichael.com you can order a home appraisal, view our coverage area, find out tips for faster appraisal turnaround times, view updates to your appraisal order, get home appraisal tips, information on the home appraisal process and find the most up to date information in the appraisal and real estate industry.

Appraisals By Michael has been appraising real estate for the last 12 years, and will be here for the next 12 years serving your real estate needs as your local home appraiser in GA.

What is your position at Appraisals by Michael?

Michael is a state certified appraiser in the Atlanta area. As a certified appraiser, he is able to appraise homes of any value.

Please describe what an appraiser really does.

The main objective of an appraiser is to use specific methods in order to create a non-bias report on the home's appraised value. The appraiser inspects the home to be appraised, notes all of its characteristics and then researches homes nearby with those same or similar characteristics that have sold typically in the past 12 months. Upon choosing those homes the appraiser makes adjustments to the sales price in order to adjust for the differences in items at the comparable home that a buyer would pay more or less for. After making those adjustments the appraiser assigns a value to the home based on the adjusted value of the comparable sales.

How do I know that the value the appraiser provides is accurate?

An appraisal is an opinion of value so technically you cannot get an accurate or inaccurate appraisal value. Typically you know if the appraised value is what most would consider accurate only by having an additional appraisal done to compare to the original appraisal to; or by trusting that the appraiser that you hired is competent and knowledgeable of the area and non-biased. With these in place; most times you will receive an appraisal which represents your homes true market value.

What should a homeowner look for in an appraiser before the initial hire?

A homeowner should always qualify their chosen appraiser before hiring them. Homeowners should look for a certified appraiser; not just licensed as most certifies appraisers are more knowledgeable and have a wider range of experience, an appraiser who is experienced (10+ years), an appraiser that appraises full time not just after he or she gets off their day job. When dealing with residential appraisals, they should expect a turnaround time of 1-2 days, A non-bias appraiser; an appraiser should never seek nor alter the value in which a homeowner would like or wanted; this will hurt the homeowner or buyer in the future.

What is the process like for establishing an asking price?

The best way to establish an asking price; is to have an appraisal done on the home to find out what the home is truly worth. Once you establish what the true market value of a home is you can decide on how quickly you would like it sold. If you're not in a rush to sell a home you can list it much higher than the true market value, if you're in a rush to sell you may want to list it right around market value or even lower for a quick sale.

Is it always required to hire an appraiser before your house is listed? If not, what are the benefits of doing so?

It is not required that you hire an appraiser before your house is listed. However, it is highly recommended; it will speed up the process. So many homeowners make the mistake of trying to list the home on their own based on emotion or even a few sales that they heard about in the area, only to find their home sitting for months with no offers. Getting an appraisal done will allow you to understand the true value of your home allowing you to list it properly.

What are some common mistakes homeowners make upon hiring an appraiser?

The most common mistake homeowners make upon choosing an appraiser is hiring an appraiser based on the appraisal fee. Many home owners who choose an appraiser because he or she is $25 or $50 cheaper; often don't realize that they went with the wrong appraiser until they have paid and receive a report with a value that is not representative of their homes true market value. Poorly written appraisals cannot be used to show a third party such as a judge in a divorce or bankruptcy hearing and ultimately cause the homeowner to find a qualified appraiser and having to pay another appraisal fee. What many individuals don't understand is that good appraisers are not cheap and cheap appraisers are typically not good.

How do your appraisers ensure that they remain unbiased?

By not getting personally involved in the clients need for a particular value.

What is the best way to get in contact with you?

The best way to contact me is on work phone at (404) 955-9997 or email me at info@appraisalsbymichael.com. I'm also on Facebook, LinkedIn, and Twitter.

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About The Author

Kristen has written impressive content including press releases and feature stories...

Phone: 203-913-0483

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