The first step to getting an accurate appraisal is to inspect the property. We verify key details about the property such as the number of bedrooms and bathrooms, the conditions of the property and surrounding neighborhood, and amenities, etc. We ensure that all of the specifics of the claimed property amenities are accurate and in the condition a typical buyer would expect. We verify the stated size of the property and illustrate the layout of the property, often including a sketch of the floor plan. Most importantly, we find any overlooked amenities or defects that would affect the value of the property.
Once the site has been inspected, we use two or three approaches to determine the true value of the property: a paired sales analysis, a replacement cost calculation, and an income approach when there is a possibility of the property becoming a rental.