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On average, how much will it cost to hire a appraiser pro?
The fair price range for this service in your area is $300.00 - 425.00
Questionable
Typically these pros are under skilled, not licensed and limited experience in their field. They use lower quality materials and are individuals that may not have a business on record within the state.
Acceptable
Typically these pros are highly skilled, licensed and have adequate experience in their field. The use quality materials and range from single owners to multiple team members at their company.
Large Overhead
Typically these pros are highly skilled, licensed / certified with lots of experience in their field. They insist on using the highest quality materials and have a large number of employees.
National Companies
Larger Operations $365.00
local pros
Average Cost $357.00
What service are you looking for?
Litigation
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique(especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a centralized Walrasian auction like a stock exchange is unrealistic). The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
Besides of the mandatory educational grade, which can vary from Finance to Construction Technology, most, but not all, countries require appraisers to have the license for the practice. Usually, the real estate appraiser has the opportunity to reach 3 levels of certification: Appraisal Trainee, Licensed Appraiser and Certified Appraiser. The second and third levels of license require no less than 2000 experience hours in 12 months and 2500 experience hours in no less than 24 months respectively.[1][2] Appraisers are often known as "property valuers" or "land valuers"; in British English they are "valuation surveyors". If the appraiser's opinion is based on market value, then it must also be based on the highest and best use of the real property. In the United States, mortgage valuations of improved residential properties are generally reported on a standardized form like the Uniform Residential Appraisal Report.[3] Appraisals of more commercial properties (e.g., income-producing, raw land) are often reported in narrative format and completed by a Certified General Appraiser.