When checking a low appraisal report, what is a necessary step regarding the appraiser?

Ensuring that the appraiser is certified and qualified is a critical step when checking a low appraisal report. This verification is essential because it confirms that the appraiser possesses the necessary credentials, knowledge, and expertise to conduct a reliable and professional evaluation of the property. A certified appraiser must adhere to specific professional standards and ethical guidelines, which are vital to the integrity of the appraisal process.

In situations where an appraisal report seems low, confirming the appraiser’s qualifications reassures stakeholders that the assessment was made based on the correct methodologies and appropriate market data. An unqualified appraiser may overlook key factors or fail to use relevant comparables, leading to an inaccurate valuation.

While additional training might enhance an appraiser's skills, it does not address the immediate need to ascertain their qualifications for the task at hand. Asking for their opinion on the property could provide insights but does not serve to confirm their professional credentials. Requesting the report be redone without addressing the appraiser's qualifications does not solve potential foundational issues in the appraisal process. Overall, verifying the appraiser's certification and competence is crucial to ensure the credibility and reliability of the appraisal report.