Types of Appraisals / Frequently Asked Questions
What is a Home Appraisal?
Real Estate appraisers are hired to produce an accurate and defensible estimate of market value. Market value is in a nutshell the most probable price the typical purchaser is willing to pay for a particular property as of a given date. Real Estate appraisals can be used for a variety of purposes. Fresno Appraisal and Consulting handles appraisals for estate settlements, divorce settlements, private sales or independent valuations, tax abatement, immigration appraisals, investment real estate opportunities, legal disputes and more! Fresno Appraisal services all of Fresno County and Madera Count. Our appraisers are licensed by the State of California and have years of experienced appraising homes throughout California's Central Valley. Each valuation is unique to the home being appraised. Our first step is to determine the type of real estate and then determine the purpose for the appraisal report.
Let's look at a recent appraisal order--
Type of home: Madera Ranchos - Ranch Style Home on three acres.
Purpose:"Pre-Sale" Landlord selling home to Tenant
We were contacted by out of town home owner, his tenant wanted to buy his Madera Rancho home. But for how much? Online home searches did not provide him with a clear and credible valuation. My client had renovated / updated the property, his home was superior to many in the neighborhood.
After we received the request we contacted the tenants and set an appointment. The landlord supplied us with a list of the updates and renovations. The home was completely renovated, updated kitchen, bathrooms, flooring, windows, exterior re-dashed, new roof and a small barn with stalls. After my inspection I selected comparables properties that were similar to the subject in features, condition and location. The Sales Approach and Income Approach were used to estimate the current market value for the home. At the end the landlord was happy knowing he received top dollar for the home and the tenants were satisfied that they were not paying too much.
Type of home: Madera Ranchos - Ranch Style Home on three acres.
Purpose:"Pre-Sale" Landlord selling home to Tenant
We were contacted by out of town home owner, his tenant wanted to buy his Madera Rancho home. But for how much? Online home searches did not provide him with a clear and credible valuation. My client had renovated / updated the property, his home was superior to many in the neighborhood.
After we received the request we contacted the tenants and set an appointment. The landlord supplied us with a list of the updates and renovations. The home was completely renovated, updated kitchen, bathrooms, flooring, windows, exterior re-dashed, new roof and a small barn with stalls. After my inspection I selected comparables properties that were similar to the subject in features, condition and location. The Sales Approach and Income Approach were used to estimate the current market value for the home. At the end the landlord was happy knowing he received top dollar for the home and the tenants were satisfied that they were not paying too much.
Appraisal Process:
Here's a breakdown of the professional appraisal process in bullet points:
**Pre-Appointment Preparation:**
- Research county records, previous sales, neighborhood trends, and market trends.
- Examine plat maps and location maps to gain an overall view and starting point.
**Appointment Day:**
- The appraiser arrives on time.
- Exterior inspection:
- Note all improvements, issues, and conditions.
- Measure the exterior.
- Take exterior photos.
- Interior inspection:
- Thoroughly inspect from floor to ceiling and everything in-between.
- Assume everything is in working order.
- Collect a list of any improvements made by the homeowner (e.g., kitchen updates, bathroom renovations,
new roof, flooring).
- Create a floor plan sketch.
- Take detailed notes on condition, finish, features, and updates.
- Capture photos of each room and special features.
- Inspection duration: Approximately one hour or more, depending on property size, location, and condition.
**Post-Appointment Process:**
- Take collected information back to the office.
- Compare findings against recent closed sales in the area.
- Conduct extensive research, including evaluating location, flood locus, municipal data, and public records.
- Perform a cursory examination of the deed.
- Develop a detailed report containing:
- Value conclusion.
- Supporting documentation.
- Deliver the report via email in PDF format.
- Report delivery time: Approximately 3-5 business days after the property visit.
**Report Quality:**
- The report is 100% defensible in a court of law and can be used by accountants, financial planners, etc.
- It provides you with a precise understanding of your property's value and confidence in the appraisal.
The entire appraisal process involves a thorough examination of both the interior and exterior of the property, meticulous documentation, and comprehensive research to ensure the accuracy of the value conclusion.
When will I receive my Appraisal Report?
We develop a report for you which will contain your value conclusion and all supporting documentation. This report will be delivered via email (PDF format) in about 7 to 10 business days after our visit to your property. This document is 100% defensible in a court of law, with accountants, financial planners, etc.! You will know exactly what your home is worth and feel confident about the tool that you now have!
We are here to help you. Remember agents are working towards a listing and commission, online services do not know your home or your neighborhood. The cost of your home's appraisal can save you thousands of dollars and time.
1. Ask us questions and get answers.
We are here to help you and answer your questions. There is no charge for this service and you are under no obligation to order an appraisal report.
2. Tell us about neighborhood.
Our appraisers are local, we know the many nuances of Fresno's neighborhoods. Experience is the key. What does this mean? Appraisers need to know the differences in location - what increases or decreases a home's value.? LOCATION
Walking distance to schools, shopping , parks and special features. Example: Tower District - River Park - Old Fig Garden
3. Are there recent updates/
List all your home's improvements. - Renovations - roof - flooring - painting - updates to kitchen - updates to bathrooms, you get the idea.
Ask for our free guide " Preparing my home for an appraisal"
We provide you with a check off list - simple things that help you and us in the valuation of your home and property
1. Ask us questions and get answers.
We are here to help you and answer your questions. There is no charge for this service and you are under no obligation to order an appraisal report.
2. Tell us about neighborhood.
Our appraisers are local, we know the many nuances of Fresno's neighborhoods. Experience is the key. What does this mean? Appraisers need to know the differences in location - what increases or decreases a home's value.? LOCATION
Walking distance to schools, shopping , parks and special features. Example: Tower District - River Park - Old Fig Garden
3. Are there recent updates/
List all your home's improvements. - Renovations - roof - flooring - painting - updates to kitchen - updates to bathrooms, you get the idea.
Ask for our free guide " Preparing my home for an appraisal"
We provide you with a check off list - simple things that help you and us in the valuation of your home and property
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We are not your typical appraisal company, we choose to work with individuals not banks or lenders. Today our clients are people just like you needing an appraisal for Estate Settlements, Trusts, Bankruptcy, Martial Disputes, Partnership settlements, Immigration and personal home valuations. We are local, experienced and qualified to appraise your home. A big thank to our clients for their testimony and for their permission to use exterior photos of their homes. Contact Information:
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Work begins at my office continues to my mobile office (car) , next is your property, then back to my office where I write you appraisal report.
Call: 559-761-2370
Recent homes we have appraised.
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Independent Fee Appraisers
Single Family Homes / Investment Property Appraisal / Duplexes / PMI / Multi Family / Condos and Town House / Refinance Appraisal / Lake Property Appraiser / / Divorce Appraisal / Estate Appraisal / Take me to Home Page |
Coverage Area
Fresno / Clovis / Fowler Madera /Fig Garden / Bullard / Reedley / Selma / Selma / Woodward Park / River Park / Tower District / Sanger / 559-761-2370
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