Appraisals are crucial because they help determine the fair market value of a property, which is essential for various purposes such as buying, selling, financing, taxation, and insurance.
Appraisals are often ordered by lenders when a property is being financed or refinanced. However, they can also be requested by property owners, buyers, sellers, real estate agents, attorneys, and government agencies for various reasons.
Appraisers typically conduct a physical inspection of the property to assess its condition and characteristics. They also research public records, recent sales data, and market trends to gather relevant information.
We have completed hundreds of appraisals over the years for Divorce cases as well as Partition Suits. We also offer court testimony as well as rebuttal research and appraisal reviews. These assignments are completed in two parts. The first is an appraisal of the property with an estimate of value and completion of a written […]
The duration of an appraisal can vary depending on factors such as the size and complexity of the property, the availability of data, and the appraiser’s workload. Typically, an appraisal can take anywhere from a few days to a few weeks to complete.
While appraisals strive to provide an accurate estimate of a property’s value, they are ultimately based on the appraiser’s judgment and the available data. As such, there can be some degree of subjectivity and variability in appraisal results. However, appraisers are trained professionals who adhere to industry standards to ensure their assessments are as accurate […]
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