What is a residential appraisal?
A residential appraisal is a written opinion of the market value of a residential property, prepared by a qualified designated appraiser. The report documents the appraiser’s analysis of the property, comparable sales, and market conditions as of a specific effective date.
Market value appraisals may be needed for property transactions, legal proceedings, estate matters, tax reporting, and private financing arrangements.
Appraisal reports are prepared by qualified designated appraisers in accordance with applicable professional standards.
Who this service is for
- Homeowners requiring a written property valuation
- Legal professionals requiring independent property opinions
- Financial advisors and planners
- Private lenders and financing arrangements
- Estate executors and administrators
- Individuals with tax reporting requirements