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Introduction

 

Whether you're buying, selling, or refinancing a property, a professional real estate appraisal is an essential step in the process. A reliable and accurate property valuation can make all the difference in ensuring a smooth transaction and protecting your investment. In this blog post, we'll discuss the importance of real estate appraisal services, the difference between residential and commercial appraisals, and how certified appraisers can provide valuable insights into the real estate market.

 

The Role of Real Estate Appraisal Services

 

A real estate appraisal is an unbiased, professional assessment of a property's value. It is conducted by certified appraisers who have the expertise and knowledge to evaluate various factors that contribute to a property's worth. Some of the key benefits of obtaining a professional appraisal include:

 

1. Accurate Property Valuation: A professional appraisal provides an accurate estimate of a property's value, which is crucial for determining the right price when buying or selling, securing financing, or settling legal disputes.

 

2. Residential and Commercial Appraisal Services: Appraisers specialize in different types of properties, offering residential appraisal services for single-family homes, condos, and townhouses, as well as commercial appraisal services for office buildings, retail spaces, and industrial properties.

 

3. Expertise of Certified Appraisers: Certified appraisers have undergone rigorous training and adhere to strict industry standards, ensuring that their appraisal reports are reliable and trustworthy.

 

4. In-Depth Real Estate Market Analysis: Appraisers conduct a thorough analysis of the local real estate market, considering factors such as recent sales, current listings, and overall market trends to provide an accurate valuation.

 

5. Comprehensive Appraisal Reports: A professional appraisal report provides a detailed breakdown of a property's value, including information on comparable properties, market conditions, and any unique features that may impact the property's worth.

The Value of a Home Appraisal Expert

 

A home appraisal expert can provide valuable insights and guidance throughout the appraisal process. They can help you understand the factors that influence your property's value and offer recommendations on how to maximize its potential. Additionally, a home appraisal expert can assist with property appraisal consultations, ensuring that you have all the information you need to make informed decisions about your real estate investment.

 

Conclusion

 

In conclusion, professional real estate appraisal services play a crucial role in the property buying, selling, and refinancing process. By working with certified appraisers who specialize in residential and commercial appraisal services, you can ensure that your property valuation is accurate and reliable. With their expertise in real estate market analysis and comprehensive appraisal reports, a home appraisal expert can provide valuable insights and guidance to help you make the most of your real estate investment.

 

For more information, please visit our website: www.pacifichomeappraisers.com

Or call 818 880-1466

Email: tony@tonykianigroup.com

In recent months we have seen a dramatic decline in the number of appraisal orders from AMC's. Why? 
The main reason is the hike in interest rates and the seller's refusal of lowering the sales prices. The buyers have to adopt themselves to higher interest rates and the sellers of real estate properties have to lower their expectations. These two forces of demand and supply will eventually create an equilibria in the market, and consequently the number of orders will pick up. 
For more info please call me at 818 880-1466 or send me an email to kiani105@yahoo.com or visit my website at www.pacifichomeappraisers.com

Tony Kiani

What is a retrospective appraisal and why the clients are willing to place such an order? Retrospective Appraisal refers to an appraisal with the effective date in the past. Let's say that there is a dispute about the value of certain property (either due to tax litigation or divorce or any other reasons including but not limited to a date of death, etc.) as effective date of 5 years ago. The client wants to know how much was the value of the property under dispute 5 years ago. Probably, the court wants to know this fact (value) to rule on a dispute between parties. 
The appraiser has to look at the market activities occurred during that period and has to analyze prior activities (now he/she has to go back 5 years and find out what was sold within 12 months that reasonably would resembled the characteristics of the subject property).
Summary:
An appraisal performed at the present time with an effective date as of a date in the past is technically known as a Retrospective Appraisal. Retrospective appraisals may be needed for a variety of reasons including; Property tax appeal – valuation for a specified tax year. Litigation – valuation as of the date of loss.
I hope the above information has provided you with some information about the use and purpose for a RETROSPECTIVE APPRAISAL. For more info either call me at 818 880-1466 send an email to: kiani105@yahoo.com or visit my website: www.pacifichomeappraisers.com

I have had many instances that the clients want to get a construction loan and is in need of an appraisal based on a hypothetical condition that the subject is already built. The appraiser need to get the plans and specifications. Study them carefully. Specifically, pay close attention to architectural drawings. Find out what will be the GLA upon completion, how many bedroom/bathrooms, what kind of view the property will have upon construction, quality of workmanship and type of finishes that the GC will install. Then the appraiser needs to compare the subject with newly built properties. Since my background is of a General Contractor/Sub-contractor (Rough Framing), I usually like the above challenges. 
I hope the above brief guidelines provide some help. Contact me at 818 880-1466 or just drop me an email to kiani105@yahoo.com if you need more assistance. You can always refer to www.pacifichomeappraisers.com for further info. Tony 

Retrospective appraisal refers to the appraisal performed sometime in the past date. For example, if there is an interest in finding what was the worth of a property 5 years ago at the date that a death occurred or a marriage was dissolved , the appraiser can provide the value of the property at that time in the past. 
The appraiser has to research the market activities of 5 years ago. Has to find comparable that could compete with the subject property and do his/her analysis and perform an opinion of value of the subject property in 5 years ago. 
In summary:

What is the correct Home Appraisal Process to determine property value the right way? Watch the following video.

The video explains the importance of the following factors in home valuation:

1. Location
2. Market
3. Age
4. Condition
5. Improvement
6. Neighborhood

Each of the above factors has great role when evaluating the appraisal of a piece of property.


https://www.youtube.com/embed/fyvQHiKlh_g?rel=0

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