Zoning can determine what an appraiser can and can’t appraise. For instance, if a property is zoned commercially or contains a large multi-family building, then a Certified General appraiser would perform the appraisal. If the property is zoned “SFR” and there are four units or less, then a Certified Residential appraiser can provide the report. What I’m about to describe isn’t in every state, however, it’s spreading and likely headed your way, which is why I’m providing this warning. If certain changes in zoning become law in your state prepare for a massive decrease in the number of properties a residential appraiser can appraise. Now, before I explain the zoning change, please allow me to provide a little history.
Learn more about this topic by Richard Hagar, as seen in WorkingRE on workingre.com.
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