Frequently Asked Questions
When to hire an appraiser?
What is in an appraisal report?
Depending on the type of report an appraisal contains:
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:
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.
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.