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THE PROCESS
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If you're a first time home buyer, first time home seller, or commercial real estate owner, the appraisal process can seem daunting. Let us lower the learning curve by giving you an idea of what to expect when you schedule an appraisal.
01
ENGAGEMENT
+
INSPECTION
1
Contact us to start the process.
2
Schedule an appraisal date/time.
3
Inspection takes place;
photos and notes are taken.
02
EXAMINATION
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APPROACH
1
Sales Comparison Approach
The property is compared to other similar properties recently sold in the area.
2
Income Approach
For income producing properties, comparable rents are collected and analyzed.
3
Cost Approach
For newer commercial properties,
land sale values are collected to which the replacement cost of the building is added.
03
conclusion
+
report
1
The values produced by each approach are weighed in their applicability and accurateness and a market value is produced.
2
The appraisal is compiled and carefully reviewed for accuracy.
3
The appraisal is either mailed or emailed to the customer.
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