What Is an Appraisal Review? 

If you’re in the process of requesting a home or business appraisal, you may have heard the term “appraisal review.” An appraisal review is an important part of the appraisal process, and something that our team at Allstate Appraisal is proud to incorporate into our appraisal process. Here’s what you should know about appraisal reviews and why appraisal reviews are necessary—

What Is an Appraisal Review?

An appraisal review refers to the act of reviewing another appraiser’s work and developing an opinion about its quality, taking into consideration whether the appraiser used industry-accepted standards and methods to draw their conclusions. In other words, it’s a way to double-check another appraiser’s work and ensure that it was done correctly and that any findings are accurate and mutually agreed upon by professionals. 

Why Appraisal Reviews Are Necessary

Appraisal reviews are necessary in large part because everyone makes mistakes. Having one person review the work of another can help to catch any errors before the report is handed off to the client. This helps to verify the integrity of the report. 

Other top reasons why appraisal reviews are important include:

• An appraisal review is a matter of professionalism. Getting a second opinion is common in many industries.
• An appraisal review makes the outcome of the report more credible.
• An appraisal review engenders confidence in the report.
• An appraisal review is very helpful in the event that the report is challenged or in the face of litigation or dispute resolution. 

Our Appraisal Review Process

At Allstate Appraisal, we have an appraisal review process in place as part of each and every appraisal we work on. An appraiser’s work is always reviewed by a review appraiser and a chief appraiser before being turned over to the child. In addition to doing reviews of internal appraisals, we can also provide an independent review of another appraiser’s work if you are looking for a second opinion. Our appraisal reviews are often used for rebuttals, litigation support, mortgage insurance claim investigations, and more. 

Request an Appraisal Review Today

If you are pursuing an appraisal or have an appraisal in hand but want to verify its results or think that you may have grounds to challenge the outcome, then you should be thinking about an appraisal review. At Allstate Appraisal, we specialize in appraisal review services both internally and for third-party appraisals. To learn more about our appraisal review services and how to get started, call our team directly or send us a message online at your convenience.