Appraisers covering Los Angeles County, Orance County, Riverside County, San Bernardino County, Ventura County  

Appraisals for Single Family Residences, condominiums, small units, large apartments
Order an appraisal on line, fast turn around time Certified Appraisers, Full service real estate appraisals
Certified Appraiser Network

Site Menu
Order an Appraisal
Fee Schedule
Cities We Cover
Current Turnaround Time
About Certified Appraisers
Your Service Benefits
Approved Lender Fee Panel List
Resumes & References
Appraisal Articles & Info
Contact Us

Want On-Line Status On Your Existing Orders?
View Sample Appraisal Status
New Client Register
Client Login

Real Estate and Appraisal Information for Southern California
Current Real Estate News
Appraisal Articles & Info
My Appraisal Status





Think Your Property Was Appraised Low?

By Steve Miller

Selecting the most similar and recent sales comparables within the subject neighborhood is among the primary goals for an experienced real estate appraiser. It is a goal that is often tougher than it sounds.

Initially appraisers will focus on choosing comparable sales within the immediate neighborhood, that are preferrably within 10 % of the subjects gross living area (greater variance if fewer similar sales are available). Then the appraiser must consider and factor in many other variables in the evaluation process; bedroom count, construction, condition, extent of remodeling and/or repairs and maintenance needed, amenities such as views and pools, upgrades, and so on. The analysis of all these factors are considered for each comparable relative to the subject property. It is a lenghthy and far more detailed process than is commonly known.

Often a homeowner may wonder why his/her property was not appraised as high as the house a few parcels down on the same street. Especially since the homeowner knows 'some' of the variables that make his/her property superior such as a bigger lot size, a new remodeled kitchen and a nice new den addition. Why didnt my appraisal come in higher that this 'inferior' house down the street, the homeowner wonders. Hypothetical Answer: The house down the street may have been bigger in gross living area, had more upgrades/remodeling, more amenities such as views and/or any combination there of. Plus evaluating any property isn't based on looking at one is based on selecting a minimum of 3-4 similar sales, which can support the value.

Bottom line? It may seem that the job of an appraiser is to walk into a property for 10 minutes and flaunt his expertise and license and rush away with a nice fat underserved check. However, if he or she was experienced, what the homeowner doesn't see is the additional 4-5 hours of thorough analysis of substantial variables that go into the appraisal process. 

What is the best advice, if you feel your value came in low? Calmly communicate with your appraiser as to how he derived at the value and inquire as to the specific comparables (sales of properties similar to yours) that were used to come up with the value. If you can find a few new sales of 'recent and similar' properties that support a higher with the appraiser and submit those new sales. Hopefully your appraiser will be open to at least look at these new sales, and to tell you whether or not they can be used.

Select Another Appraisal Article

Certified Appraiser Network
Real Estate Appraisal Articles & Information

Contact us for your real estate appraisal requirements.

Real Estate Appraisals in Southern California
Los Angeles, Orange, Ventura, Riverside,
San Bernardino, and San Diego Counties.