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Whether you’re a young professional looking to invest in your future, a couple ready to settle down and start a family, or someone starting a new chapter in your life, buying a home is a significant milestone. But, it can also be an overwhelming and complex process. That’s why the Department of Real Estate has created this podcast, First Home California – to provide you with knowledge and insights. Our goal is to help you get to a place where you know what to expect during the homebuying process, and to help you make sure you’re ready to make informed decisions about what will likely be the biggest purchase of your life. Each episode will focus on a specific part of the homebuying process and provide consumer protection tips.
Episodes
Wednesday Dec 13, 2023
Wednesday Dec 13, 2023
In this episode we talk about how home appraisals work. In California, real estate appraisers are regulated by the Bureau of Real Estate Appraisers (BREA), and today we’re joined by BREA’s Bureau Chief Angela Jemmott.
Topics covered include:
• What an appraisal is, why it’s needed, and who pays for it
• Whether homeowners can choose the appraiser
• What an appraiser does during an appraisal
• What an appraiser is looking for to determine a home’s value
• What it means if a home is appraised for less than paid for
• What a homeowner can do if they disagree with an appraisal
• Whether a homeowner can pay for their own appraisal
• How to get a real estate appraisers license
• The different levels of appraisers and their differences
• Common reasons consumers file complaints with BREA
Our Guest:
• Angela Jemmott, Chief of the Bureau of Real Estate Appraisers
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