What is a real estate appraisal?

A real estate appraisal involves determining a property’s value. The appraisal is based on many different factors, such as the property’s location, size, condition, and comparable sales in the area.

When would you need a real estate appraisal?

Appraisals play a critical role in real estate transactions because they provide an objective, unbiased estimate of a property’s value. Lenders also use appraisals to assess a property’s worth before approving a mortgage, and buyers and sellers rely on them to negotiate a fair price.

Can you be home during an appraisal?

While we do prefer to assess properties without the owner being home, it is acceptable to remain home while the appraisal is being done

Are appraisals only for buying and selling property?

In addition to buying and selling property, appraisals can be conducted for many other purposes. For example, you may need an appraisal prior to refinancing, for estate planning purposes, for a property tax assessment, or during the divorce process.

Why should I hire you for my appraisal?

Hire us to complete your appraisal because we will do a thorough job and provide plenty of information about why we decided a property was worth what we concluded. To learn more or to order an appraisal, contact us!

Real Estate Appraisal, Davidson County, NC | C and J Appraisal Company, LLC

Order your next real estate appraisal from us.

There are a lot of reasons to purchase a real estate appraisal from C and J Appraisal Company, LLC with the usual reason being real estate and mortgage transactions.

A few other reasons for obtaining a real estate appraisal report include:

If you are applying for a loan
If you would like to reduce your property tax burden
To establish the replacement cost of Primary Mortgage Insurance
If you need to take care of an estate
To offer you an edge when purchasing real estate
To find an honest price when selling real estate
To defend your rights in a condemnation case
Because an official agency such as the IRS requires it

Gathering data and presenting it in a clear fashion is one of the primary roles of an appraiser. Data can be divided into specific and general categories. Specific data is gathered from the home itself. Location, condition, amenities, size, and other specific data are gathered by the appraiser during an inspection.

General data is gathered from a number of sources. Local Multiple Listing Services (MLS) provide data on recently sold homes that might be used as comparable properties. Tax records and other public documents verify actual sales prices in a market. Flood zone data is gathered from FEMA data outlets, such as Metro Appraisals’ InterFlood product. And most importantly, the appraiser gathers general data from his or her past experience in creating appraisals for other properties in the same market.

Trust us to provide a comprehensive, objective, and accurate appraisal of your home in Davidson County, North Carolina. Contact us today to order your next real estate appraisal.

At C and J Appraisal Company, LLC, we offer real estate appraisal services for those in the Triad, as well as throughout Mecklenburg County, Stokes County, Davidson County, Alamance County, Randolph County, Rockingham County, Forsyth County, and Guilford County, North Carolina.