How to Navigate the Real Estate Appraisal Process
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How to Navigate the Real Estate Appraisal Process
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What happens when two real estate appraisers give different values for the same property? In this episode, broker Lutalo McGee and appraiser Maureen Sweeney join host Marki Lemons Ryhal to explain the real estate appraisal process, why home appraisals can vary, and how real estate agents can effectively communicate with appraisers to help ensure accurate home valuations.
Learn tips for preparing for a home appraisal, how to handle a low appraisal, and when to request a reconsideration of value. Plus, hear why appraisal contingency risks matter in today’s market.
Meet the Guests...
Lutalo McGee, ABR, GRI, is the owner and managing broker of Ani Real Estate in Chicago. He currently serves as the president-elect of the Chicago Association of REALTORS® and is a member of NAR’s Real Property Valuation Committee.
Maureen Sweeney, RAA, is a Chicago-based real estate appraiser who specializes in residential and small income-producing properties. She is the 2025 chair of the Real Property Valuation Committee and serves as member of the Illinois Real Estate Appraisal Administration and Disciplinary Board.