F.A.Q

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Frequently Asked Questions

  • When to hire an appraiser?

    • For any mortgage and real estate transaction
    • When applying for a loan against a property
    • For a tax assessment to reduce property taxes or to dispute improperly assessed taxes
    • To settle an estate
    • To determine the property value when selling your home
    • To assist you with buying a home at a fair market price
    • To settle legal disputes
    Please call us for more information to answer your questions about appraisal in Portland.

  • What is in an appraisal report?

    Depending on the type of report an appraisal contains:

    • The precise purpose of the appraisal and the client's objectives for the appraisal.
    • The reported value of the property and how that value was interpreted.
    • The date the appraisal takes effect.
    • The characteristics of the property including location, physical features, permanently installed items, legal attributes, and all facets that affect the valuation, including economic factors, property rights, and any known defects, restrictions, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature.

  • Who hires an appraiser?

    Lenders frequently hire appraisers to establish the market value of a property for a loan transaction to ensure that the property is valued in the amount of the requested loan. Lawyers and accountants frequently hire appraisers to help determine property values during divorce and estate settlements.

  • Real estate appraisal vs. real estate inspection?

    Our appraiser does not provide a home inspection. However, we perform a third-party investigation of all accessible facets of a property, including structure and amenities, from roof to foundation and surrounding areas. This way, we can determine its value on the open market.

  • How do appraisers get information?

    The data used in an appraisal report can be called “Specific” or “General.” It is also gathered from Multiple Listing Services (MLS), tax records, and a range of other public documents and records. The appraiser compiles the data and comparative studies with additional standard analysis methods.

  • What standards must an appraiser follow?

    Our appraisers must ensure that the following items are covered:

    • Proper analysis and inclusion of all reported information.
    • An individual or group committed no major errors of omission or commission.
    • That all appraisal services were carried out in a meticulous and discriminating manner.
    • The final report is easy to understand, complete, and not easily disputed.
    All certified appraisers must meet extensive requirements. Our appraisers are licensed to provide qualified reports and members of the Uniform Standards of Professional Appraisal Practice (USPAP).

  • Who sees an appraisal report?

    The buyer may pay for appraisal reports for mortgage transactions for closing a sale. However, the lending financial institution retains the right to use the report and all its information. When a homeowner hires an appraiser directly, however, the appraiser may specify the purpose of the appraisal for estate planning or tax disputes, and the homeowner retains all rights to the appraisal.

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Portland, OR

Work Hours:

Mon – Fri : 9:00 am – 6:00 pm

 

Sat : 9:00 am – 4:00 pm

 

Sun :  Closed

 

 

 

Contact an Expert

Our goal is to provide you with the best service at an affordable price. If you have any questions about our appraisal services or would like to schedule an appointment, contact us today.

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