| |
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
|
| |
|
| |
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.
|
| |
|
| |
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.
|
