We provide professional, certified, and licensed home appraisers to determine the value of your home or property.
When do you need a real estate appraisal?
- Mortgage – Financial institutions almost always require an appraisal for a purchase or refinance. We are approved by many lenders to get the appraisal done. Check with your bank/credit union/lender.
- Purchase or Sale – Buyers or sellers, especially in a for sale by owner contract, often order an appraisal.
- Estate Planning or Settlement – Real Estate is frequently one of the major assets that must be handled as part of an estate.
- Divorce – An appraisal establishes an objective property valuation.
- Property Tax Assessments – Appraisals are ordered for an appeal of property tax assessments.
What is the appraisal process?
When performing a property appraisal for you, we undertake the following steps.
- Property Inspection
- Interior and exterior inspection of the building and the subject property and improvements. Utilities should be in working order and operational.
- Documentation with pictures, measurements, and sketches.
- Data Collection and Analysis
- Confirm tax data, zoning and other sales in the area using publicly available records.
- Research comparable sales, current market data, neighborhood and community information.
- Research and analyze the data to develop a value range based on the comparable selection.
- Valuation
- Ascertain property value using the three approaches to value: market approach, cost approach and income approach.
- Reconciliation
- Analyze the results of the valuations and determine the final valuation of the property.
- Final Report
- Issue a well-documented report of the appraisal in a timely fashion.
- Your Part in the Process
- Provide a list of any recent major improvements or additions (ex: new roof, kitchen/bath upgrade or remodel, mechanicals).
We get the job done right, on time.