Should I share an old appraisal with a new appraiser?
Working on refinancing a property and it's only been a year since we closed on it (yes the rate is that much better) so we have an appraisal that's pretty fresh. The new appraiser is saying if we'd like to share the old appraisal we can but he understands if we'd prefer not to. Any reason why I wouldn't want to share that old appraisal? We were pretty happy with the value on that one and not much has changed since then.
[{"id": "hy0fuie", "text": "I\u2019m a former commercial appraiser and always appreciated that. The comps are probably too old, but the appraiser can use it as a check for building details and to see the income and expense history. I can\u2019t think of a negative if you feel the last one was fair.", "replies": [{"id": "hy0wa5v", "text": "Seconded. I do commercial appraisal and appreciate when I can look over the prior appraisers notes and compare to what I've seen. I don't let it influence my appraisal opinion, but appreciate any extra info when writing my report.", "replies": [{"id": "hy1pvmj", "text": "Same. It never hurts. Also, I have a professional curiosity of how and what my peers are doing.", "replies": [{"id": "hy27w76", "text": "100%. I would be lying if I didn\u2019t also take a peek at what the fee was in the engagement letter.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hy0zcfe", "text": "If there are no new comps that would adjust the value, it honestly doesn\u2019t matter either way.", "replies": [], "depth": 1}]