A residential appraisal begins with the assignment—not a price target.
A residential real estate appraisal develops an opinion of value for a defined property, purpose, intended user, and effective date. The scope depends on why the value is needed and what the resulting report must support.
The work may include a property observation, public-record review, neighborhood and market research, verification of comparable sales, analysis of material property differences, and reconciliation of the available evidence.
Residential property types considered
Each request is reviewed for property complexity, location, competency, access, timing, and reporting requirements before an assignment is accepted.
- Single-family detached and attached homes
- Condominiums and townhomes
- Acreage and rural-residential properties
- Two- to four-unit residential properties
- New construction and proposed improvements
Information that helps define the work
Start with the address, property type, reason the valuation is needed, who will rely on it, the relevant date, and the deadline. If available, include the purchase agreement, plans and specifications, survey, lease information, or prior report that may affect the scope.
A complete request at the beginning reduces avoidable follow-up and makes it easier to identify the appropriate appraisal product and delivery schedule.