AboutJim Kreider Expertise With over 6 years of Real Estate Appraisal experience and over 15 years of experience in the banking and finance, I can answer questions about property valuation procedures, how to prepare your home for an appraisal, and how to perform your own valuation searches. I can also answer questions about appraisal procedures, especially pertaining to USPAP (The Uniform Standars Of Appraisal Practices), which EVERY appraiser MUST adhere to. I am also able to answer general questions about the mortgage process.
Experience Residential Real Estate Appraisals for the past 5 years throughout the state of Florida.
Education/Credentials Appraisal Board I and II Residential Real Estate Appraisals. All USPAP Updates since 2002.
Expert: Jim Kreider Date: 7/15/2008 Subject: Appraisal for refinance vs selling
Question Is there a difference in an appraisal that is used for the purposes of refinancing vs the purpose of selling you home?
Answer Hi Davailia,
Although both types of appraisals have intended uses, the appraiser completing the assignment basically performs the same market research an analysis in determining credible results. An appraisal used for refinancing is typically used to secure the lender's collateral. An appraisal used for selling is used to determine if the home may be over priced or under priced compared to similar homes in the market.
