A real estate appraisal is a professional evaluation that determines a property’s fair market value, conducted by a licensed appraiser before purchase. Before buying any property, an appraisal is essential because it: (1) provides an objective third-party valuation preventing overpayment, (2) identifies needed repairs and property conditions affecting value, (3)

Vacant land appraisals evaluate undeveloped properties using two primary methods: desk appraisals (remote analysis using aerial imagery, GIS data, and public records) and field appraisals (on-site inspection documenting 15-25 property characteristics). Field appraisals demonstrate 18-22% higher accuracy rates than desk appraisals according to Appraisal Institute studies, with 94% of lenders

A commercial real estate appraiser provides professional property valuations that can save investors thousands of dollars and prevent costly mistakes. These licensed professionals determine accurate market values for office buildings, retail spaces, industrial properties, and multi-family units through comprehensive analysis of comparable sales, income potential, and market conditions. When to

Quick Answer: A divorce home appraisal involves five key steps: discussing goals with your spouse, preparing the property, hiring a qualified appraiser, providing access for inspection, and reviewing the final report. The process takes 1-2 weeks total, with the onsite inspection lasting 2-3 hours. The Appraisal Process Explained: 5 Essential

Quick Answer: A divorce appraisal determines your home’s fair market value for equitable asset division. Licensed appraisers conduct thorough inspections, comparing your property to recent sales. Specialized divorce appraisers can value property as of separation date and may testify in court if needed. Key Valuation Figures in Divorce: Finding a

Quick Answer: Home appraisers evaluate both interior and exterior elements including square footage, room count, property condition, recent upgrades, and comparable sales. The inspection takes 30-60 minutes. Key areas inspected include foundation, roof, HVAC systems, plumbing, electrical, and overall maintenance. Appraisers also consider location factors like noise levels and neighborhood

Quick Answer: When a home appraisal comes in low, you have 6 main options: request a second appraisal, negotiate a lower price, pay the difference in cash, appeal the appraisal for errors, use your appraisal contingency to exit, or walk away from the deal. Success rates vary: price negotiations work

Home appraisal values are determined by 15 key factors, with location, square footage, and recent comparable sales having the most significant impact. potentially affecting value by 10-25%. Other crucial factors include the number of bedrooms/bathrooms, structural condition, recent renovations, curb appeal, and current market conditions. Understanding these factors can help