Real Estate Appraisal
  What is an appraisal?
  What does an appraiser do?
  Why do I need an appraisal?
  Is an appraisal the same thing as a home inspection?
  What is in an appraisal report?
  Are appraisers certified?
  Who do appraisers work for?
  Do we take credit cards?
   
   
  What is an appraisal?
  An appraisal is an unbiased estimate of what a buyer might expect to pay, or a seller receive, for a piece of real estate (e.g. a home, a vacant piece of land, etc.). Most people turn to a licensed, certified, professional appraiser to provide them with the most accurate estimate of the true value of their property.
   
  What does an appraiser do?
  An appraiser makes a professional, unbiased estimate of market value. An appraiser then presents their analysis in a report provided to the customer.
   
  Why do I need an appraisal?
  Some of the more common reasons for getting an appraisal are:
  • To obtain a loan
  • Establish replacement costs for insurance purposes
  • As a negotiating tool when purchasing/selling real estate
  • Lowering your tax burden
  • Settling an estate
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      Is an appraisal the same thing as a home inspection?
      No. A home inspection is an evaluation of the condition of the structure and mechanical systems of a house. A home inspector provides an analysis of the condition of these systems rather than an estimated market value of the structure.
       
      What is in an appraisal report?
      An appraisal report must reflect a credible estimate of value and identify each of the following:
  • The client and other intended users
  • The intended use of the report
  • The purpose of the assignment
  • The type and definition of the value reported
  • Effective date of the appraiser's conclusions
  • Relevant property characteristics (e.g. location, physical attributes, legal attributes, economic attributes, and estate items included in the appraisal such as personal property and fixtures)
  • All known easements, restrictions, encumbrances, leases, reservations, contracts, declarations, special assessments, ordinances, etc.
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      Are appraisers certified?
      Licensing and certification regulations vary from state to state. However, most states tie their regulations to hours of coursework, test, and actual experience. Most states also require continuing education courses for appraisers to maintain their license. You can view our license here.
       
      Who do appraisers work for?
      In general, appraisers are employed by lenders to get an estimate of the value of the real estate involved in a loan transaction.
       
      Do we take credit cards?
      Yes, we accept all four major credit cards: American Express, Discover, Master Card & Visa. Please call our office to submit payment by credit card.


    Helm and Associates · Real Estate Appraisal
    Roanoke, Salem, Botetourt, Bedford, Franklin, Montgomery, Smith Mountain Lake
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