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Real Estate Appraiser Services

 

Real Estate Appraiser

Estimate of the value of property, usually required when a property is sold, financed, condemned, taxed, insured, or partitioned. An appraisal is not a determination of value. Three approaches are used. To produce an accurate resale price for a residence, appraisers compare the price of the property to the prices of similar nearby properties that have sold recently. For new construction and service properties such as churches and post offices, appraisers look at the reproduction or replacement cost of the improvements, less depreciation, plus the value of the land. For investment properties such as apartment buildings and shopping centers, an estimated value is based on the capitalization of net operating income from a property at an acceptable market rate.

 

Real estate appraisal is the practice of developing an opinion of the value of real property, usually its Market Value. (Real estate appraisal is American usage; many other countries use the terms property valuation or land valuation.) The need for appraisals arises from the heterogenous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location - which is the most important determinant of their value. So there cannot exist a centralised Walrasian auction setting for the trading of property assets, as there exists for trade in corporate stock. The absence of a market-based pricing mechanism determines the need for an expert appraisal/valuation of real estate/property.

A real estate appraisal is performed by a licensed or certified appraiser (in many countries known as a property valuer or land valuer). If the appraiser's opinion is based on Market Value, then it must also be based on the Highest and Best Use of the real property. For mortgage valuations of improved residential property in the US, the appraisal is most often reported on a standardized form, such as the Uniform Residential Appraisal Report.[1] Appraisals of more complex property (e.g. -- income producing, raw land) are sually reported in a narrative appraisal report.

 

 

Quality Appraisals

Ethics and Integrity are an important part of our business practice. We are “USPAP” compliant with the appraisal development and reporting format. We provide timely delivery service for our clients and contact borrowers within 24 hours of receipt. Payment terms are negotiable upon acceptance of orders.

 

 

Professional Appraisal Fee Schedule: 

  • Single Family Appraisal                                     $275.00-450.00
  • 1-4 Unit Appraisal                                            $350.00-500.00
  • Interior Inspection                                             $350.00-500.00
  • Exterior Inspection                                            $250.00-350.00
  • Vitual Inspection                                               $200.00-300.00
  • Field Inspection                                                $275.00-500.00
  • Land Inspection                                                $275.00-450.00
  • Federal Housing Administration (FHA)             $200.00-275.00

 

- Inspection fee is based on property size and travel distance.

 

 

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