Our Real Estate Appraisal Process

After your appointment, we use marketing research using knowledge of the value of certain items such as square footage, extra bathrooms, hardwood floors, fireplaces or view lots (just to name a few), the appraiser adjusts the comparable properties to more accurately portray the subject property. 

Combining information from all approaches, the appraiser is then ready to stipulate an estimated market value for the subject property. It is important to note that while this amount is probably the best indication of what a property is worth, it may not be the final sales price.

There are always mitigating factors such as seller motivation, urgency or “bidding wars” that may adjust the final price up or down. But the appraised value is often uses as a guideline for lenders who don’t want to loan a buyer more money than the property is actually worth.