Asheville Real Estate Appraisers provide a professional opinion, such as an estimate of market value, to be used in making real estate decisions. The appraiser’s opinion is conveyed through an appraisal report, which is generated at the end of the appraisal.
Each state varies regarding the requirements an appraiser must meet; however, an appraiser must be certified and/or licensed in the state they are practicing.
Many benefits are tied to hiring an appraiser. Lenders often require an appraisal of real property before issuing a loan. An appraisal can also lower your tax burden and can be used to contest high property taxes. The appraisal report can also be used as a negotiating tool when purchasing or selling real property.
Since the market changes everyday, a key issue to keep in mind is that an appraisal is only valid for the day the property was evaluated. Another key factor is that an appraisal is not a home inspection, which looks at structural and mechanical systems of a property.
The appraisal report will reflect a credible estimate of value, the client’s’ name, intended use of the report, the value reported and the definition of that value and the date the appraiser’s opinions and conclusions were given.
When determining a property’s value, an appraiser analyzes key components such as, location, physicality, legality and economical attributes. The appraiser will look at visible exterior and interior structural defects. Any attached fixtures will be noted, as well as any property you will leave behind if selling the home. Upgrades to the property are also accounted for, which is why presenting an appraiser with a list of known upgrades is helpful.
In order to obtain a quote for the appraisal cost, provide an appraiser with the property address ahead of time. The appraisal usually takes two to four hours depending on the size of the property.
The Eskritt Group recommends the following Asheville Real Estate Appraisers: