The primary duty of experts at the Home Appraising Group is to evaluate the property and discover the properties status. In order to come up with a fair assessment of the property we must see the home first hand to check the location, amenities and number of bedrooms and bathrooms for accuracy. Sketches are one way that some appraisers take accurate notations on a properties size, layout and floor plan. If an assessor encounters any defects or problems that could impact property value, this is noted as a high priority.
Upon completion of the site inspection it is our turn to make sense of that data and find a valuation. Generally, we implement two or three approaches to best determine the actual property value. The three most commonly used are the paired sales analysis, the replacement cost calculation, and the income approach (for rental based properties).