A San Diego real estate appraisal is an evaluation of the value of a specific property. An appraisal can be used in many circumstances and for many different people. The most common reasons real estate appraisals are requested in San Diego County are for purchasing, selling or refinancing a property. Some of the other reasons for an appraisal are divorce, bankruptcy, bail bonds, estate & date of death, financial planning and trust, PMI removal, pre-foreclosure, short sales, tax assessment, pre-listing, pre-purchasing, FSBO’s, and probate appraisals.
In San Diego a certified or licensed appraiser is required for the determination of a property’s value. The appraiser provides an objective, unbiased opinion of the market value of the property. The appraiser’s market value is based on the highest and best use of the property. To prepare for an appraisal the appraiser researches the market area, by collecting information pertinent to the property. This research includes facts, statistics, and comparable properties.
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