72 hour turnaround
Electronic delivery
Accurate appraisals
Reasonable pricing
Memberships:
NYS
Society of Real Estate Appraisers
NYSAR
The Appraisal Foundation
National Association
of Realtors
Westchester Board
of Realtors.
Appraisal
101
An appraisal is a professional
opinion of value based on a paired analysis
of the market. The preparation of an appraisal
involves research into appropriate market areas;
the assembly and analysis of information pertinent
to a property; and the knowledge, experience
and professional judgment of the appraiser.
The role of the appraiser is
to provide objective, impartial and unbiased
opinions about the value of real property and
to provide assistance to those who own, manage,
sell, invest in and/or lend money on the security
of real estate. New York states requires appraisers
to be state licensed or certified in order to
provide appraisals to federally regulated lenders.
Appraisers have fulfilled rigorous educational
and experience requirements and must adhere
to strict standards and USPAP code of professional
ethics. Qualified State Certified appraisers
bring knowledge, experience, impartiality and
trust to the transaction. In so doing, they
help their clients make sound decisions with
regard to real property.
Most appraisals are reported
in writing, although in certain circumstances,
an appraiser may provide an oral appraisal.
A written appraisal report generally consists
of: a description of the property and its locale;
an analysis of the "highest and best use"
of the property; an analysis of sales of comparable
properties "as near the subject property
as possible"; and information regarding
current real estate activity and/or market area
trends. The value indicated by recent sales
of comparable properties, the current cost of
reproducing or replacing a building, and the
value that the property's net earning power
will support are the most important considerations
in the valuation of real property.
The following questions
would be appropriate when selecting an appraiser:
Are you licensed or certified in the state in
which you live?
How long have you been in practice?
What level of experience do you have in this
particular market and with this type of property?
Are you familiar with property in this neighborhood?
What types of clients have you had (homeowners,
estates, lenders, relocation companies)?
