Single-Family Home Appraisals

When it comes to real estate, single-family home appraisals account for the vast majority of all properties.  Both buyers and sellers are in a holding pattern until the appraiser arrives at the property, looks it over, and comes back with a figure for what he/she thinks the property is worth. The appraiser's valuation is his or her opinion of what the property is worth.  It doesn't matter what th...

Appraising a multi-family property is usually more complicated than appraising a single-family home.  Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing.  Generally, appraisers use the 'market value' approach when appraising these properties, but also must consider the 'income' approach. The purpose of an apprais...