Typically, the process takes 2-3 days from the time we complete the appraisal inspection. However, expedited services may be available.

Market value is defined as the most probable price a property would bring on the open market. This is developed through approved methodologies and processes as required by USPAP and local appraisal boards. The market is constantly evolving, so technically speaking, an appraised value is the value as of 1 specific date. Lenders and users of appraisals have their own guidelines which can be 1 – 6 months. There is no set standard as to how long a value is considered valid.

Basic cleanliness is all that is necessary, but the Appraiser will need access to the entire dwelling. The goal of the inspection is to photograph and document the dwelling to determine quality, condition, features. Questions will most likely come up on both sides, and do not hesitate to ask or bring anything to the attention of the appraiser you feel may be relevant. Most technical information will already be acquired by the Appraiser.

Appraisal is performed by a State Certified Appraiser. CMA can be completed by Real Estate Agent and is generally less thorough.

There are 2 license certifications for Appraisals. Certified Residential Appraisers complete appraisals designated residential 1 – 4 units. Certified General Appraisers complete Appraisals on all other properties (generally referred to as Commercial Appraiser)

In certain cases, site visits can be completed virtually or through an agent.

-It is widely agreed that locality is the most important factor when choosing an appraiser. Neighborhoods and market areas can be unique from County to County, City to City, and even across streets. Local knowledge of the area being appraised is paramount.