Bill Burns

Appraiser

Bill Burns has been a real property appraiser for over eighteen years specializing in appraising single family and 2-4 family residential properties. He is a Certified Residential Appraiser in Nebraska and Iowa. Bill first joined the Realcorp Team in 2008. In addition to a lifelong interest in real estate, Bill has many years of experience in business including sales, marketing, and training.

Bill is a lifelong resident of Nebraska and attended the University of Nebraska-Lincoln and is a graduate of the University of Nebraska-Omaha. Bill has been an active volunteer for many civic, church and charitable organizations over the years.

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402-330-3626

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268 N. 115th Street #7
Omaha, NE 68154

Nebraska City Office

P.O. Box 453
Nebraska City, NE 68410

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What is an appraisal?

A home purchase is the largest, single investment most people will ever make. Whether it’s a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties to pull it all off.

Most of the people involved are very familiar. The Realtor is the most common face of the transaction. The mortgage company provides the financial capital necessary to fund the transaction. The title company ensures that all aspects of the transaction are completed and that a clear title passes from the seller to the buyer.

So who makes sure the value of the property is in line with the amount being paid? There are too many people exposed in the real estate process to let such a transaction proceed without ensuring that the value of the property is commensurate with the amount being paid.

This is where the appraisal comes in. An appraisal is an unbiased estimate of what a buyer might expect to pay – or a seller receives – for a parcel of real estate, where both buyer and seller are informed parties. To be an informed party, most people turn to a licensed, certified, professional appraiser to provide them with the most accurate estimate of the true value of their property.

Although not required on every appraisal, the appraiser is usually asked to inspect the property.  They will observe such things as bedroom and bathroom locations and note the quality and condition of the property.  The inspection often includes a sketch of the property.

Once the property has been inspected, an appraiser uses up to three approaches to estimate the value of real property.