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An appraisal is a fair market value conclusion based on specific features of a home and compared to differences
in recent sales in the subject neighborhood. An independent appraisal is conducted on an individual
basis using specific data about a home and recent comparable sales in a neighborhood.
Three elements distinguish an appraisal from an automated valuation or a simple list of comparable sales. They are..
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Selection.
A professional real estate appraiser provides experience and skill in selecting the most
relevant comparable sales for your property. A computer can provide a useful list of possible data,
but an experienced appraiser can select the best indicators of value for your home.
Particular selection of comparable sales can have a significant effect on the outcome. |
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Verification.
Each comparable sale contains raw data, which must be cross-referenced in order to
ensure that the final value conclusion is as accurate as possible. |
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Reconciliation.
Analyzing the high and low sales in a neighborhood, making comparisons
to the subject property, and answering questions such as “why did this one sell for that amount?” are
the appraisers’ stock and trade. Square footage is only part of the picture! A professional appraisal
report provides reasoning and clear support for the final value conclusion it produces. |
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Order Online Now!
Please type the address of the property you want appraised in the "Shipping Information" section of the order form.
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