An appraisal is the act or process of developing an opinion of value. This opinion or estimate is arrived at through a formal process that typically uses the three ''common approaches to value''. They are the Cost Approach - which is what it would cost to replace the improvements, less physical deterioration and other factors, plus the land value. There is the Sales Comparison Approach - which involves making a comparison to other similar, nearby properties which have recently sold. The Sales Comparison Approach is normally the most accurate and best indicator of value for a residential property. The third approach is the Income Approach, which is of most importance in appraising income producing properties - it involves estimating what an investor would pay based on the income produced by the property.

In short, we provide a professional, unbiased opinion of market value, to be used in making real estate decisions. We present our formal analysis in an appraisal report. Check out the exmamples from an appraisal report to the right.

Fees vary depending on the scope and extent of work to be performed in the course of valuation.

For more information, please feel free to contact us. We aren't scary, and we would love to hear from you! Also, you may find The Appraisal Foundation to be a wonderful resource of information regarding our profession.