FAQ

What is a real estate appraisal, and why do I need one?

• A real estate appraisal is a professional assessment of a property's value, typically conducted by a licensed appraiser. It is necessary for various purposes, including obtaining a mortgage, estate planning, property tax assessment, and real estate transactions.

How much does a real estate appraisal cost?

• Appraisal costs vary based on factors like type of appraisal, property type, property size, location, complexity, and the appraiser's fees. Generally, residential appraisals may cost between $300 and $800, while commercial appraisals are more expensive.

How long does it take to get an appraisal report?

• The turnaround time for an appraisal report depends on the property's complexity and the appraiser's workload. Typically, it takes around one to two weeks to receive the final appraisal report. Rush orders can be made in as little as 2 days.

What qualifications do your appraisers hold?

• Our appraisers are licensed and certified, with extensive training and experience in real estate valuation. They adhere to industry standards and regulations.

Can I choose my appraiser, or is one assigned to me?

• While we may consider your preference, the assignment of an appraiser is often based on their availability and expertise in the property type you need appraised.

What types of properties do you appraise?

• We offer appraisals for a wide range of residential property types, including residential single-family homes, condos, and multi-unit residential and specialized properties (investment, mixed-use, etc.).

What information should I provide for the appraisal process?

• You should provide relevant property information, recent improvements, and any documents related to the property, such as a survey or floor plan.

Are your appraisals compliant with industry standards and regulations?

• Yes, our appraisals strictly adhere to local and national appraisal standards, ensuring their validity and acceptance in real estate transactions.

How does the appraisal affect my property's value or sale price?

• The appraisal's value can influence the sale price and the buyer's ability to secure financing. It helps ensure that the property's value aligns with the agreed-upon price.

What is the difference between an appraisal and a home inspection?

• A real estate appraisal assesses the property's value, while a home inspection evaluates its physical condition. An appraisal is typically required for financing, while an inspection is for the buyer's knowledge and negotiation.​