Acting as an appraisal consultant: Besides appraisal and appraisal review, there are other valuation services we provide that are part of our appraisal services when acting as an appraiser:

  • Consulting (when acting as an appraiser)
  • Researching market data
  • Teaching an appraisal seminar or workshop
  • Analyzing specific elements of value
  • Mechanical computation
  • Ad valorem tax consulting (when acting as an appraiser)
  • Providing raw sales data
  • Litigation support (when acting as an appraiser)

Acting as a real property consultant: Maybe you feel like you don’t need an “appraisal” but you’d still like some help with real estate valuation services that are not an appraisal: 

  • Consulting (when acting as an advocate)
  • Brokerage assistance
  • Ad valorem tax consulting (when acting as an advocate)
  • Litigation support (when acting as an advocate)

NOTE: The functions of appraisal consultant and real property consultant are mutually exclusive.

Service Title

Service Content

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.