An appraisal is a professional appraiser's opinion of value. The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience and professional judgment of the appraiser. The role of the appraiser is to provide objective, impartial and unbiased opinions about the value of real property - providing assistance to those who own, manage, sell, invest in and/or lend money on the security of real estate.
At minimum, all states require appraisers to be state licensed or certified in order to provide appraisals to federally regulated lenders. Appraisers have fulfilled rigorous educational and experience requirements and must adhere to strict standards and a code of professional ethics. Qualified State Certified appraisers bring knowledge, experience, impartiality and trust to the transaction. In so doing, they help their clients make sound decisions with regard to real property.
Most appraisals are reported in writing, although in certain circumstances, an appraiser may provide an oral appraisal. A written appraisal report generally consists of: a description of the property and its locale; an analysis of the "highest and best use" of the property; an analysis of sales of comparable properties "as near the subject property as possible"; and information regarding current real estate activity and/or market area trends. The value indicated by recent sales of comparable properties, the current cost of reproducing or replacing a building, and the value that the property's net earning power will support are the most important considerations in the valuation of real property.
In addition to residential or commercial appraisal - and depending upon an appraiser's designation and qualifications - he or she may be able to assist with the following:
Estate planning and estate settlements
Tax assessment review and advice
Advice in eminent domain and condemnation property transactions
Dispute resolution-including divorce, estate settlements, property partition suits, foreclosures, and zoning issues
Expert witness testimony
Market rent and trend studies
Cost / benefit or investment analysis, for example, what will be the financial return on remodeling
Land utilization studies
Supply and demand studies
The following questions would be appropriate when selecting an appraiser:
Are you licensed or certified in the state in which you live?
How long have you been in practice?
What level of experience do you have in this particular market and with this type of property?
Are you familiar with property in this neighborhood?
What types of clients have you had (homeowners, estates, lenders, attorneys, relocation companies)?
We are a leading Southern Nevada real estate appraisal firm with local expertise serving the Las Vegas valley since 2003. We also having been serving the Flagstaff community in Northern Arizona. We are dedicated to providing valuation and consulting services through analytic discipline and a team approach. Our company's philosophy is to provide an objective analysis to assist our clients in making informed real estate decisions. Our reports are prepared with the precision that the industry demands with all major property types included. We also strive to provide the very best customer service to each and every one of our customers. Call us for house appraisal in Las Vegas, house values & real estate appraisals in Las Vegas.
Our friendly staff is on hand Monday - Friday 9 am - 5 pm to assist you with your appraisal needs. After hours and weekend appointments may be available to schedule as well. Our appraisers are licensed and/or certified in Arizona and Nevada.
Please call or email us any time to see how we can help you with your appraisal needs.
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