Real Estate Appraisal Frequently asked questions
How is a home's value determined?
The value is usually determined by considering the home's condition, improvements, location, neighborhood, and current housing market trends. Real estate appraisers often use recent comparable sales within the neighborhood to establish value.
Do appraisers calculate value based on price per square foot?
While size is a factor, real estate appraisers do not solely rely on price per square foot like realtors might. They consider comparable sales to arrive at an appraised value.
Is an appraisal inspection the same as a home inspection?
No, an appraisal inspection assesses the home's overall condition visually, whereas a home inspection involves a detailed examination of structural and mechanical systems.
How can I contact you?
You can reach us by phone/email/or our contact form below. We are always happy to answer your questions.
Are appraisals only for mortgage lending?
No, appraisals are also used for selling homes, divorce proceedings, estate planning, cash purchases and tax appeals.