Fair Market Value Appraisals
Many homeowners contact us because they just want to know what their home is worth so they can make an informed decision. The only way to attain this is through a certified real estate appraisal. We are the only ones who are qualified to give you the true fair market value of your home.
Online sites such as Zillow can be very inaccurate and unreliable. Brokers often have their own agenda and can't be trusted while at the same time aren't qualified to give fair market value anyway.
We will appraise your property having your interests in mind with no bias. With this knowledge you can then make an informed decision.
The appraisal process includes the following:
*The Appraisal Inspection - The appraiser would come by and do a physical inspection which would include measuring the property to attain an accurate GLA (Gross Living Area), shoot photos of the interior/exterior, do a visual inspection to determine condition and account for any necessary repair or updates.
*Comparable Sale Selection and Adjustments - The appraiser would do a thorough market analysis of recently sold sales and available listings. 4 Comparable sales would then be chosen which are most similar to the subject. Adjustments would then be made for various discrepancies which include: Square footage, lot size, age, condition, room count (bed & bath), basement, heating/cooling, garage, amenities, location, style, view, obsolescence etc. The appraiser would also analyze recent market trends and determine if the subject is in a declining, stable or increasing market and then make appropriate "time" adjustments.
*Final Reconciliation - The appraiser would then carefully analyze the pre/post adjusted sales price of the comparables, determine which sale(s) deserve most weight (There are many factors that can determine comparable weight which include: proximity to subject, the most recent sale, similar condition, size, style, net/gross adjustment % etc.) and arrive at an appraised value for the subject property.