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But this appraiser was also from a big city two hours away.
Geographical competence has little to do with distance. First, an appraiser must either decline an assignment he/she feels he/she is not competent to do OR make him/herself competent with his/her client's approval.
An appraiser can live 2 blocks away from the Subject but if the appraiser is not well educated that appraisal is going to be garbage.
Can you provide the specifics of why you think the CMA is better than the appraisal? I've rarely seen a CMA that shows individual adjustments nor complies with USPAP.
Do you not think that your realtor has a conflict of interest in the CMA?
It must be something to do with the region. I'd gladly take $350 - the last few I've had were closer to $450-$475. In the same city they were somewhere in the $3xx s 2.5 years ago. There appears to be some kind of system now... everyone charges the same amount and it's almost some kind of rotation for who comes out. I've seen them from 60+ miles away.
It seems like some of the changes in laws made things worse for both parties involved.
10 years ago appraisals were $300-$325 in my area. Now they are $350-$375 and the appraisers are required to do more work. Costs go up if it is a FHA report, or multi unit or an excutive/upper end home, etc.
It must be something to do with the region. I'd gladly take $350 - the last few I've had were closer to $450-$475. In the same city they were somewhere in the $3xx s 2.5 years ago. There appears to be some kind of system now... everyone charges the same amount and it's almost some kind of rotation for who comes out. I've seen them from 60+ miles away.
It seems like some of the changes in laws made things worse for both parties involved.
10 years ago appraisals were $300-$325 in my area. Now they are $350-$375 and the appraisers are required to do more work. Costs go up if it is a FHA report, or multi unit or an executive/upper end home, etc.
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