Yes. We can do an appraisal as of any date in the past. Why would I need an appraisal like that? We do many real estate appraisals as of dates in the past, and the reasons are numerous. Examples include appraisals as of the date of death of a relative for estate purposes, or in the instance of a divorce, it could be the date that one spouse discontinued financial support for the mortgage payment. We can appraise a property as of the day before a fire caused major damage or a flood ravaged the property. As I stated above, the reasons are as varied as our clients.<\/p>\n
That depends on the purpose of the appraisal. Obviously, the better we know your property, the more accurate our appraisal will be. From time to time, we are asked to do a drive-by appraisal. We can do this as long as everyone involved understands the risks involved and the corresponding lack of accuracy associated with such an appraisal product.<\/p>\n
It depends on the property type and location. Complex properties such as a large regional mall would obviously require more time and effort than an individual home. Most homes can be done in approximately five business days. The actual time spent in the home by the appraiser will most likely be less than one hour. Need an appraisal faster than that? Contact us with your special needs. I\u2019m certain we can help you out.<\/p>\n
The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience, and professional judgment of the appraiser. . Appraisals may be required for any type of property, including single-family homes, apartment buildings and condominiums, office buildings, shopping centers, industrial sites, and farms. The reasons for performing a real property appraisal are just as varied. They are usually required whenever real property is sold, mortgaged, taxed, insured, or developed. For example, appraisals are prepared for:<\/p>\n
There are numerous technical definitions of the term market value, but in layman\u2019s terms, Market Value is usually defined as the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale. It is assumed that the buyer and seller are typically motivated, well informed or well advised and each acting in their own best interest.<\/p>\n
Proper pricing on a property is an art form and is dependent on your objectives. Your list price may be different if you want a quick sale. If a quick sale is not necessary, the list price can reflect that. Pricing is probably best left to your Realtor after having discussed all your needs and objectives. An appraisal can however be an excellent starting point.<\/p>\n
This report will go to no one without our client\u2019s written permission to do so. No public or private entity has any right to your appraisal report and does not receive any information from your appraisal. This includes local appraisal districts, city, county, state or federal governments. The appraisal report is your property. By state and federal law, the real estate appraiser is required to keep a copy of your appraisal for a period of five years. Under penalty of law, that same statute prohibits the appraiser from providing any information to anyone without the client\u2019s permission. Should you need a real estate appraisal for mortgage lending purposes or any other purpose where another entity needs a copy of your appraisal, we will be happy to forward it to them with your permission.<\/p>\n","protected":false},"excerpt":{"rendered":"