Sealy Texas Real Estate Appraisals

The initial process to selecting comparable homes sales for the market approach to value is to view an inventory of all recently sold and pending sale homes derived from defined search parameters such as living area, distance, land area, age etcetera. Your appraiser will pick the most similar homes and input them in what is commonly called the comparison grid section of the report. There, adjustments are made for differences between comparables and the Subject. In the market approach, a home appraiser aimes to both gauge and consider the reaction of a typical purchaser to the subject property.

A house is typically the largest asset anyone will buy and having it valued reliably is a very serious matter. A house appraiser estimates a reasonable appraised value based on many factors including location, upkeep of the house, recent neighborhood home sales, and more. The appraiser plays a crucial role in assuring the buyer feels more secure in their purchase of a new property. House appraisers are bound to a code of conduct set by USPAP (Uniform Standards of Professional Appraisal Practice) which serves to promote quality control and impartiality within the appraisal profession.

Not at all. Property appraisals and house inspections are two completely different services. A house inspector’s function is to review the structural, electrical, mechanical and plumbing in a house and document any problems or safety issues. An Appraiser is commonly mostly focused on sales prices of similar houses in the community, the outside condition of the home and amenities that enhance the sales price estimate in that market.