#Home appraisal checklist form how to

How to report appraisal discriminationĪppraisal discrimination is a form of housing discrimination and is prohibited by federal law. You'll typically need to back up your request with evidence that the initial appraisal used incorrect or incomplete information. If you decide you want to dispute the appraisal, work with your real estate agent to ask for a reconsideration of value. If the comps your appraiser used don't fit this criteria, and there are comps available in your area that do, you may have a good case to dispute the report. Comps should generally be located within a mile of the property being appraised, in similar condition, and close in age, square footage, and number of rooms. Appraisers have some discretion in the comps that they choose to compare a home to, which can open the door to bias, whether intentional or not. This Caregiver Performance Evaluation Form is created to provide private and secure way for you to submit feedback. This assessment form template allows you to take care of guests or patients online.

#Home appraisal checklist form professional

Look at the comparable sales the appraiser used. Caregiver Performance Evaluation Form is a feedback form template for nurses, housekeepers, and other professional caregivers.

Watch out for red flags in the appraiser's comments, such as language referencing the racial or ethnic makeup of an area.

Double check that they got the square footage, number of rooms, and other vital information right.

Fact check the information included in the report and make sure the appraiser didn't miss anything.

In majority white census tracts, only 7.4% of homes appraise below the contract price. According to a 2021 study from Freddie Mac, 15.4% of homes in majority Latino census tracts appraise for less than the contract price, and 12.5% of homes in majority Black census tracts appraise for less than the contract price. It's a violation of fair housing laws to discriminate in the appraisal process based on protected factors, which include race, color, national origin, religion, sex, gender identity, sexual orientation, familial status, or disability.īut research shows that biased outcomes still regularly occur. Appraisal bias can happen consciously or unconsciously, or it can happen as a result of the lingering effects of historical discrimination that linked race to property values. Bias in the appraisal processĪppraisal bias refers to discrimination in the appraisal process, such as assigning a lower value to a home because of the race of the person who lives there. Mortgage lenders won't lend more than what the home is worth, so if the appraisal comes in lower than the contract price (the price you've agreed to purchase the home for), you'll likely either need to bring more of your own money to the transaction, or you'll have to back out of the purchase.

When you purchase a home with a mortgage, you'll typically be required to get an appraisal on the house you're buying.