Making it your choice as to who to use as the appraiser.
Making it your choice as to who to use as the appraiser is not that difficult and most of us don't even think that we have a say, in the matter. But the reality is that we can make the request when placing an offer on buying a home within the purchase agreement. Why is this important? Because most appraiser are scheduled through the mortgage company who uses a contracting company to get an appraiser to go out and look at the property where they might be coming from a different county or as far as 100 miles away from the property. Some of these appraiser don't know the area, comps, HOA, short sale, foreclosures, pocket listings or land developments. This effects the value of the property you are trying to purchase by having the values not come in correctly.
By making it your choice as to who to use as the appraiser it is as simple as adding a statement in the purchase agreement such as; buyer must use an appraiser in the same county of the property or appraiser must reside in the same county as the property.
I've had my share of transaction not appraise correctly, particularly when it comes to FHA loans. Now, making it your choice as to who to use as the appraiser will help the appraiser because they have the knowledge of the area, aware of the transitioning of different neighborhoods, they are better informed about properties that are short sales & the foreclosure markets within the community. It is so important to represent the values correctly because lender ultimately going to decide whether there will be a loan or not.
Let me know if I can help in the Sacramento, Placer & El Dorado County for any of your real estate needs.