A real estate appraisal is a process of determining the value of a property based on various factors such as location, size, condition, and other market-related considerations.

Appraisers use several methods to determine the value of a property, including the sales comparison approach, the cost approach, and the income approach. The specific approach used depends on the property and its intended use.

Licensed appraisers who have undergone specialized training and education in property valuation perform real estate appraisals. Lenders or your real estate agent can not perform an appraisal.

There are two parts to an appraisal: First, the inspection. This can take between 25 min - 1 hour. All depending on the complexity of the property. Second, is finalizing the report. The time it takes to complete an appraisal varies depending on the size and complexity of the property, but it typically takes a few days to a week. Let us know if you have specific timelines you are working with so we can within your time frames.

Several factors can influence the value of a property in an appraisal, including location, size, condition, updating of the property, age, and the current state of the real estate market,

Yes, if you disagree with an appraisal, you can challenge it by providing additional information that may impact the property's value or by hiring another appraiser to provide a second opinion.

The cost of an appraisal varies depending on the location, size, and complexity of the property. However, it typically ranges from a few hundred to several thousand dollars.