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Get Familiar With the Appraisal Process
The goal of an appraisal is to determine a fair market value for a parcel of real estate.
The process which is followed to arrive at this value is nearly identical for all property types, though the research requirements may vary from assignment to assignment. All appraisers follow the same steps for arriving at value which include researching and gathering specific data about the property, general and specific data about the market area, and specific data about comparable sales. The data is then compiled into a report for the end-user; the presentation of this data is where most appraisals will differ.
Learn About Our Workflow
Phase 1 – Determine Assignment Requirements
Phase 2 – Define Your Scope of Work
Phase 3 – Collect Data for Analysis
Phase 4 – Apply Valid Approaches to Value
Phase 5 – Determine Value Based on Approaches
Phase 6 – Report on Value Determination
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What’s an Appraisal
When you need to know the true value of a property, you need an expert. Find out about the appraisal process.
How to Prepare
Getting ready for an appraisal? We can tell you the best tips to be prepared for your appraisal.
