Appraisals - in todays market appraisers are more conservative than ever and are having difficult times finding comparables for projects. This has a huge effect on refinances, purchases and sales. As owner you or your representatives need to be proactive in this process. Lenders usually will provide you at least three choices of appraisers try to educate yourself to their track record or get references. Once an appraiser is selected try to provide them as much favorable information that not only helps your case but makes their job easier. To often owners just let the appraisers go with no input and once the appraisal is done their is no chance to state your case. We saw two appraisals on same residential development that were over $1m different!!
