Book a residential real estate appraisal

Residential real estate appraisals are an essential part of the home buying and selling process. An appraisal is an unbiased estimate of a property's value, performed by a professional appraiser. The purpose of an appraisal is to determine the fair market value of a property, which is the price that a buyer and seller can agree on in an open and competitive market.

There are several different types of residential real estate appraisals, including full appraisals, drive-by appraisals, and desktop appraisals. A full appraisal involves a detailed inspection of the property, including an assessment of its condition, features, and location. A drive-by appraisal is a more cursory evaluation, in which the appraiser only examines the exterior of the property. 

New desktop appraisals provide vuation that is performed entirely from the appraiser's office, using data and information gathered from public records and other sources.

The process of a residential real estate appraisal begins with the certified residential appraiser visiting the property and inspecting it. The appraiser will take detailed notes and measurements, and may take photographs of the property. Residential appraisers will also consider factors such as the property's location, age, and condition, as well as any improvements or upgrades that have been made.

After the inspection, the appraiser will research comparable properties in the area that have recently sold. This is known as the "comparative market analysis" (CMA). The appraiser will use this information to determine the fair market value of the property.

The final step in the appraisal process is the preparation of a written report. The report will include the appraiser's findings and conclusions, as well as an estimate of the property's value. This report will be provided to the client, who may use it for various purposes such as mortgage, tax assessment, estate planning, and more.

It's important to note that residential real estate appraisals are not an exact science and the appraised value may vary depending on the appraiser's opinion and the method used. However, having an appraisal done by a licensed professional will give you an unbiased estimate of the property's value and provide you with a better understanding of the current market conditions.

Residential real estate appraisals are an important part of the home buying and selling process. NY Appraisals provides an unbiased estimate of a property's value and help buyers and sellers make informed decisions. It is important to have an appraisal done by a licensed professional to ensure that you have an accurate estimate of the property's value. With upfront pricing and easy scheduling we make it easy to book a certified real estate appraiser in seconds.