People often assume that because I am a San Diego Real Estate appraiser that I can just quickly tell them how much their properties are worth. This happens more often than not especially with family members and friends and I have to tell them that it takes research to determine how much their property is worth. San Diego Real Estate appraisers are required to provide a detailed work file for any opinion of value given for a property.
According to The Uniform Standards of Professional Appraisal Practice (USPAP) a work file must include properties that are similar to the subject property also known as comparable sales. The work file must include the client’s information, copies of all reports, documents, written reports, and photos, summaries of oral reports and transcripts, inspection notes, and all correspondences with client. The appraisers work file must also include comparable sale search results, well supported adjustments and a complete written report. And the appraiser must keep all work files for a minimum of 5 years from the date of the inspection.
Determining the value of a property requires research and by law the appraiser must provide an extremely detailed file on all the information used to determine the value. The work file is necessary to show evidence of how the value was determined and that it is accurate. This will also help maintain a good relationship with clients and protect the appraiser’s value in a court. A simple answer to the question “how much is my property worth?” is not possible, it takes research and time to determine the value of a property. We work hard to provide our clients with a professional and precise opinion of value for their property.
Please contact our office with any questions you may have or to schedule your appraisal appointment at 760-741-7699, email@example.com or use our contact page on our website.
Brandlin Appraisals Inc. specialize in helping people who need appraisals for estate purposes, divorce, date of death, bankruptcy, FSBO’s and more throughout San Diego county. For more information please contact us at (760)741-7699, or visit our website at Brandlinappraisals.com, or email us at firstname.lastname@example.org
San Diego, CA // Real Estate Appraiser
San Diego Real Estate Appraisal Services For:
* Divorce Appraisals / Marriage Dissolution
* Bankruptcy Appraisals
* Bail Bonds Appraisals
* Estate / Date of Death / Retrospective Appraisals
* Financial Planning & Trusts
* PMI Removal Appraisals
* Pre-Foreclosure & Short Sales
* Tax Assessment Appeals
* Pre-Listing, Pre-Purchase, FSBO’s
* Probate Appraisals
Great blog post Mike. It is important for your readers to understand that an appraisal is a process that involves documentation and support and it is not just a number pulled from the air.
Good advice for your fellow appraisers!
I often hear the same question, most don’t like to hear that I can’t just tell them off the cuff and interpret that as an up sell. Good post San Diego Real Estate Appraiser