The Job REAL ESTATE APPRAISERS are
specialists in estimating the value of real property.
Real property consists of land, buildings, and natural
resources such as water, oil, or minerals. Estimates of
value, known as appraisals, are made when property
is bought, sold, assessed, taxed, condemned,
insured, or mortgaged. They may also be required in
divorce actions, when partnerships are dissolved,
and when property is listed as a business asset.
Appraisers, especially independent fee appraisers,
may give expert testimony in court. They may also
act as consultants.
REAL ESTATE APPRAISERS prepare a written description
of the property and make an estimate of its
value. They may complete standardized checklists as
they evaluate the property and the neighborhood in
which it is situated. Appraisers obtain land values
from county sources and sales information about
nearby properties. They also examine the income
records and operating costs of income properties.
Appraisers estimate building replacement costs using
building valuation manuals and professional cost
estimators. They also verify legal descriptions of
property with county records, measure the property
and compare the measurements with the legal
descriptions. They draw land diagrams and note
conditions and special features of buildings. Appraisers
analyze and evaluate the data and prepare a
written report outlining methods by which the
fair-market value was estimated. At times it is necessary
for a senior appraiser to review these reports.
Appraisers generally work alone; however, consultants
may be used for more complex appraisals.
Computers are an indispensable tool in this complex
work.The Buyer’s Lender will make a
decision regarding the amount of your loan
based on the appraised value of the property.
The appraiser not only takes into
account the house in question, but similar
homes sold in the area, as well as several
other factors. The appraised value of the
house helps the buyer assessing taxes and
Due to varying factors that go
into an appraisal, there are cases when the
appraised value of a house will differ, sometimes
greatly, with the asking price.
We offer Residential and Commercial Appraiser 24/7 online response.
Call 727 642-1934 Dolores R. Hamburg,# RI20193