Whether you need to sell your home, one of the professionals you’ll need on your team is a residential appraiser. These professionals use comparable sales in the area and current market trends to come to an independent opinion of the value of your home. Because their appraisal can be relied on in a number of settings and you need to be sure that their opinion is a valid one, it is vital to ensure that the appraiser you are using is properly licensed. Here are the best resources you can use to determine if an appraiser is licensed.
The State Licensing Board
Every state has different requirements for licensing residential appraisers in their state. Some require that an appraiser attend classes, while other states require that an appraiser take classes and apprentice for a licensed appraiser before they can earn their own license. After they meet the requirements of a license, they are typically required to take an exam to prove their knowledge to the licensing board. If they pass the exam, they are then issued a license. For example, here is the site for Illinois appraisers: IDFPR.com.
To find out if an appraiser has earned this license from the appropriate licensing board in your state, you can simply call them and ask. You will need the appraiser’s name and possibly their address or the county they operate out of.
Many residential appraisers also belong to professional associations. Their membership in these organizations is one that helps them to remain on top of the industry, as the associations offers a number of benefits to them.
When they sign up to join the organization, they are usually required to provide their license information so that the association can verify that they are indeed an appraiser that would be a member in good standing. Therefore, one of the other resources that you can use to figure out whether an appraiser is licensed is that database of professional associations in the area.
Many times, to access such databases, all you need to do is to do an interenet search for appraiser associations in your state. When you find the website of the organization, you can then look for their member directory. Some associations have a list of appraisers, while others have a search box where you can enter the name of an appraiser to see if they are in the database.
Your Real Estate Agent
If you are using a real estate agent to have your home sold, they can help you in a number of ways. First, you can ask them to refer you to the best Chicago appraiser they know. They are likely an expert in the industry, and they can offer you some guidance when you enlist the help of a residential appraiser. They know many of the players in the area, so when you suggest a particular appraiser, they may already know them and vouch for their professionalism and licensure. They may even recommend an appraiser whose license they’re aware of.
Now that you’re aware of the best resources you have available to you in order to make sure your appraiser is licensed, take advantage of them. That way, you can then feel confident that an appraiser has the knowledge and background to properly appraise your home.