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What is an Appraisal?
As defined in USPAP, an appraisal is an estimate of value. An appraisal includes a description of the property under consideration, the appraiser's opinion of the property's condition, its utility for a given purpose and/or its probable monetary value on the open market.

What is Market Value?
USPAP's definition is . . . the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably and assuming the price is not affected by undue stimulus. The appraiser will compare your home and property to recently sold homes with similar features to estimate what your home might sell for in the current market.

What data does the Appraiser use?
Gathering data is one of the primary roles of the appraiser. Location, condition, amenities, size and other specific data are gathered at time of inspection. Comparable information is gathered from local Multiple Listing Services (MLS), public tax records, FEMA data sources (flood zone information) and most importantly general data the appraiser has gathered in creating appraisals for other properties in the area.

Who does the Appraiser work for?
An appraiser's client is the party or parties that engage an appraiser (by employment or contract) in a specific assignment. Typically appraisers are employed by lenders to estimate value of real estate involved in a loan transaction. Other employers can be lawyers, accoutants or home owner's.

What does the Appraisal Inspection involve?
The appraiser will measure around the perimeter of the home (clear all paths for easy access), take exterior photos (front, back, street) and interior photos (kitchen, living room, fireplace(s), bathrooms, laundry room). If your home is a condominium or a PUD (public urban development) where home owner association dues are paid, please provide monthly payment, name of home owner's association and their telephone number.

What is a Home Inspection?
An Appraiser is not a home inspector. A home inspection is a third party condition evaluation of the accessible structure and mechanical systems of a house, from roof to foundation.

Do you take credit cards?
Not at this time. All payments are due at time of inspection (COD). Payable with cash, check or money order.

Do you provide Comp Checks/Value Checks?
No Appraiser can report a predetermined value of a property. To do so would be in violation of the Management section of the Ethics Rule of USPAP. Comp checks are performed to inform clients of the General sales activity in the immediate area around the subject property. Sales data does not determine a value estimate of the subject property. The appraiser cannot determine if those sales are truly comparable without conducting a field inspection of the subject and researching of the sales data.

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