Appraisals start with determining the scope of work:
Our first responsiblity is to determine WHY you require an appraisal? Our fee structure is based on the technical issues related to appraisal, such as the type of report required, the details required, the complexity of the home and its location, and who and how the report will be used.
Following the inspection, we use two or three appraisal approaches when determining the value of real property:
paired sales analysis and, in the case of a rental property, an income approach.
Valleyhomescenter.com focuses on residential appraisals for the Counties and Cities listed below:
Los Angeles County : Agoura Hills, Bell Canyon, Beverly Hills, Brentwood, Brentwood Villiage, Bel Air, Canoga Park, Calabasas, Century City, Chatsworth, Encino, Granada Hills, Hollywood, Lake Balboa, Northridge, North Hollywood, Porter Ranch, Santa Monica, Sherman Oaks, Sherwood Forrest, Studio City, Toluca Lake, Tarzana, Universal City, Walnut Acres, Westwood, West Hills, & West Hollywood
Ventura County: Camarillo, Channel Islands, Hollywood Beach, Moorpark, Lake Manor (Chatsworth) Newbury Park, Port Hueneme, , Simi Valley, Thousand Oaks, & Westlake Village
Our first responsibility for an appraisal is to inspect the property to ascertain its true status.
We must physically see aspects of the property, such as the number of bedrooms and bathrooms, the location, living areas, etc., to ensure they indeed are there and are in the condition a reasonable buyer would expect them to be.
To make sure the stated size of the property is accurate and illustrate the layout of the home, the inspection often entails creating a sketch of the floor plan.
Most importantly, the appraiser identifies any obvious features and evaluates the condition and safety of the property.
Learning the fair market value of a home can help you make wise real estate decisions regarding
divorce settlements, trust distributions, probate situations & asset distribution settlements.