Frequently Asked Questions

 FAQs

  • Anyone can request an appraisal; however, you should first check to see if "choosing your own appraiser" is permitted. Many lenders have their own process for assigning an appraiser. In many cases, you are not permitted to "pick your own appraiser".  

    If you are ordering an appraisal for your own personal use, you can certainly order your own appraisal. However, if you plan to use the appraisal for other purposes, you should check with the institution you are working with.

  • We are often asked how much value certain upgrades or changes to a property might add. In most cases, the appraiser needs to determine this by analyzing the market's reaction to the change. The question the appraiser attempts to answer is, 'How much more or less is the market willing to pay for this change?' Ideally, if the appraiser can find several similar comparable sales where the only differences are the changes (e.g., an added deck or landscaping), the appraiser can infer that the market's reaction to these changes is reflected in the difference in sales prices of those comparables. Market reaction can be neutral, positive, or negative, and the value added can be at cost, above cost, or below the cost of those improvements/changes.

  • Not necessarily. Although most appraisals ordered require an interior/exterior inspection, there are other products that do not require interior inspections. The type of an appraisal you need depends on the intended use. 

  • The appraiser will ask general questions about the property: What changes have been made? Have there been any updates or remodeling in the past 15 years? Are there any known issues or inadequacies with the subject property? The more information you can provide, the better. A list of upgrades and special features, documentation of work completed, building plans, and comparable sale listings can all be helpful. The appraiser might also inquire about the development potential of the property, HOA dues and amenities, liens, encroachments/easements, or other factors that could affect value.

  • The appraiser acts as an impartial professional, not as an advocate for any party. They do not take sides and remain unbiased throughout the process. Please note, any attempt to influence the appraised value or interfere with the appraisal process will result in the appraiser's withdrawal from the assignment.

  • No, at this time we only complete residential assignments.

  • In most cases the appraised value will reflect the market value of your property as of the effective date of the appraisal. Market value is the most probable price that 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, knowledgeably and assuming the price is not affected by undue stimulus. A market value appraisal will reflect the most likely price your property would sell for as of the effective date.

  • The appraiser will only share the report with the client and/or any identified personnel or intended users. The appraiser will not disclose your appraisal or personal information without your consent, except as required by law.