Common Appraisal Myths 

 

Myth #1

Mortgage lending appraisal results are the property of the person who paid for it.

 

Myth #2

An appraisal is all about protecting the buyer.

 

Myth #3

An appraisal is based solely on the house.

 

Myth #4

Zillow or Redfin is as accurate as an appraisal.

 

Myth #5

Home improvements always increase a home’s value.

 

Myth #6

Appraisals are the same as home inspections.

 

Myth #7

All appraisals have the same terms of validity.

 

Myth #8

It’s easy to become a Real Estate Appraiser.