Go Back To Search Results Question What information does an appraiser provide in a refinance? Obviously there is the market value they provide but what other information do they offer the lender that is key to get the refinance? By ihatevfsf Posted on 01/31/09 Total Answers 3 Answers- Lots of things: Market value is obtained by comparing recent sales prices for comparable homes in your area. The appraiser lists the sq. footage, # of bedrooms, baths, lot size, whether property is in a flood zone, sewer or septic, condition of the home- whether it needs work such as roof etc. It also gives the average listing time to sell the homes in the neighborhood, lists as urban, suburban, or rural. There are web sites where you can enter your address & get an idea on value but alot depends on how well you have maintained it. Answer by : Beverly S On Date 2009-01-31 17:07:11 The key thing to remember is that the appraiser is the only representative from the bank to actually visit the property. So the bank is relying on the appraiser's opinion on the condition of the property. Banks want most things to be in decent condition in order to fund the loan.. Answer by : Ed Atun On Date 2009-01-31 17:59:40 to appraise the property and determine an estimate of value. Well, hiring your own independent appraiser could allow you some back up evidence in the case that their appraiser does not provide you with an estimate of value you that you find to be valid The website below may provide some insight for you. http://www.refinancing101.net Answer by : James Hogg On Date 2009-02-02 02:29:05   Go Back To Search Results