Landmark Associates of Lake Norman is dedicated to providing reliable valuation products for a variety of purposes including purchase, refinance, equity lines of credit, PMI removal, relocation, REO, to establish a listing price, equitable distribution, estate planning. Our turntime is typically within 48 hours of visiting the property, and we maintain daily communication with our clients. If you are a mortgage professional or home owner looking for an honest market valuation of your residential property, give us a call today.
What is an Appraisal ?
An appraisal is the act or process of developing an opinion of value. An appraisal is an unbiased opinion of a particular property's value. The data considered to form this opinion is derived mainly from recent market sales in the property's immediate neighborhood called "comparable sales". The appraiser typically inspects the property to report the property's features, including but not limited to heated and unheated square footage, room count, quality of construction, and any observation of deferred maintenance or defects. The appraiser also observes the immediate neighborhood for any nuisances or conditions that may affect the property's marketability. The appraiser then compares the property to the "comparable sales" and makes adjustments for value related differences. Sometimes the appraiser may also complete a cost analysis to further support the value opinion. The appraiser's comprehensive findings are reported in a variety of report form types, typically selected by the mortgage professional.
What is an Appraiser ?
An appraiser is one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. An appraiser must perform assignments ethically and competently, in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) An appraiser must perform assignments with impartiality, objectivity, and independence and without accomodation of personal interest.
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