If you're buying a home, you'll want to have it looked over by a real estate appraiser. These experts can help ensure that you're getting a fair deal. This is especially important because average 30-year fixed mortgage rates have topped 7% in recent times, marking the highest levels since 2000, according to Forbes. With borrowing costs so high, you'll want to make sure you're getting a good deal. Let's look at some must-ask questions.

1. Do You Specialize in Specific Types of Properties?

Appraising real estate can be rather tricky and requires a lot of knowledge. Many appraisers specialize in certain types of properties. One appraiser may only deal with commercial properties, for example. They may specialize even further and might appraise only restaurant spaces and the like. It's important to figure out the specifics.

2. Can You Provide Your Appraiser License Info?

Appraisers must often undergo specific training to ensure that they are up to par for the job. Often, you can confirm that the appraiser is fully licensed. This can help provide peace of mind and could prevent hassles later on.

3. What's the Most Challenging Job You've Had?

Some appraisals are pretty straightforward. Others can be difficult, and it could be easy to get lost in the nuance. You should ask potential appraisers to discuss some of their difficult projects and what they did to ensure good outcomes. This way, even if issues do crop up, you can rest more easily knowing that you're in good hands.

4. How Many Years Have You Worked in the Industry?

Experience can go a long way. This is especially true for appraisals. Reading books and watching YouTube videos that explain the appraisal process can help folks pick up skills. Still, nothing beats real-world experience when it comes to these sorts of jobs and tasks.



5. What Properties Have You Handled That Are Similar to Mine?

Your appraiser may have already worked on a property similar to your own. If so, that's good news because it means they have specialized experience that can lead to better outcomes. Often, home values can be impacted by micro considerations. Two neighborhoods on the same side of town may experience dramatically varied local property valuations, for example.

Looking for an expert real estate appraiser? Get in touch with our team at Billingsley Retter & Associates Inc right away. We have helped countless people get fair and accurate appraisals for a huge range of properties.