Appraisal Photographs

A neighbor called recently and asked me if appraisers are required to take photos of the recent sales used their reports. 

My answer – Yes, many appraisals used for mortgage finance decisions and similar uses require the appraiser to both personally view and photograph the exterior of each comparable sale or listing used in their analysis.  When this is required by lending guidelines or specific clients the appraisers must stop along public streets, highways and sidewalks to photograph homes. In some cases this additional research and verification can be very beneficial to the appraiser, their clients, and ultimately the public. #Appraisalphotos

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