If you are refinancing your home, here are some tips that may help. Part of the process will include an appraisal of your home. When the appraiser calls you, ask her or him a few questions. Find out if they are from your city. Ask them if they have recently appraised properties similar to your home recently. If they are not from your area, tell them that you are not interested. You want to make sure the appraiser is familiar with the market you are in. Ask your lender to get another appraiser. As a homeowner who is refinancing, you can speak to the appraiser. Before the appraiser comes to your house, try and make a list of recently sold properties to give them. If you need comps, ask a REALTOR familiar with your area to help you. Also let the appraiser know of any improvements you have made to your house. You have a right to see the appraisal at closing (or prior) and to ask questions about it. After all, you paid for it.
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The musings of a REALTOR who works both sides of the Mason and Dixon Line. Two different states, two different brokers, two different hats.