Orange, Seminole, Lake, Volusia, Hillsborough,
Sumter, Flagler, Osceola, & Polk Counties
|What is an appraisal?|
is an appraisal? TOP
An appraisal is a thought process leading to a value conclusion.
does an appraiser do? TOP
would a person need a home appraisal?
To lower your tax burden.
To establish the replacement cost of insurance.
To contest high property taxes.
To settle an estate.
To provide a negotiating tool when purchasing real estate.
To determine a reasonable price when selling real estate.
To protect your rights in a condemnation case.
Because a government agency such as the IRS requires it.
If you are involved in a lawsuit.
The appraiser is not a home inspector nor does he/she do a complete home inspection. An inspection is a third-party evaluation of the accessible structure and mechanical systems of a house, from the roof to the foundation. The standard home inspector's report will include an evaluation of the condition of the home's heating system, central air conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure.What does the appraisal report contain? TOP
Each report must reflect a credible estimate of value and must identify the following:
After completing the report, what assurance is there that the information is valid? TOP
In communicating an appraisal report, each appraiser must ensure the following:Who do appraisers work for? TOP
Typically, appraisers are employed by lenders to estimate the value of real estate involved in a loan transaction. Appraisers also provide opinions in litigation cases, tax matters and investment decisions.How are appraisers certified? TOP
Each state has established its own requirements for appraisers to be licensed or certified to appraise real property.