The Appraisal Process
An appraisal is a written report of an appraiser’s findings based on their analysis of all information relevant to estimating current market value. The appraisal process involves gathering data from public sources, conducting site visits and inspections, identifying comparable properties in the area, verifying client information, analyzing comparables, and developing forecasts for future price changes.
After completing this process, the appraiser will use their knowledge of markets within specific areas and statistical techniques such as regression analysis to determine current market values for homes in those same geographic locations.
In addition to providing an impartial opinion about your property’s fair market value (FMV), our team can help educate you about the housing market so that you know what factors affect its price before making any major decisions.