What's An Appraisal And Why Do I Need It?
An Appraisal is something that a Lending institution would need for a loan, a home owner would need to buy or sell a home or an Attorney would need for an Estate declaration.
Once ordered, a Certified Appraiser would inspect the home, land, building or business, which would typically include measuring, notating what the appraiser thinks is important and then starts finding similar properties that have recently sold to get a comparable price amount. The appraiser would then adjust up or down for any differences and will eventually come to a conclusion on what the value is. This is definitely the simple version of all what goes into an appraisal, but short version is best for explanation.
Everyone will need an appraisal at some point but finding the right real estate appraiser is something that is worthy of making sure you know who you are dealing with. The banks will dictate who they have seen their work and are comfortable with them giving values so they have put them on "their list" after a lengthy evaluation. Choosing a weak, or inexperienced appraiser can leave you with a low value that can ruin a sale, a refinance or what you are using for collateral.
If you have questions, an appraiser should easily be able to explain where they got their values, why they chose those comparables and how they arrived at that number.
Starting as a real estate agent, it was a natural fit to also be in the appraisal business. Understanding both sides of the business enables our team to make sure we hunt for the most accurate, most helpful but realistic values of your home, business, land or building.
Trusted by Attorneys, on most Banks approved lists, Sheriff's lists and by in town as well as out of state Lenders, that just tells you that Oil City Appraisals is just good at what we do. What tells you we will do a good job for you is that we are the best at finding the true value, digging deep and not settling on mediocre information and making sure we do it fast and accurate.
When it comes to your appraisal, we work harder than anyone to make sure we always do our best job and stand by our work. We never settle and we don't cut corners.
Being a "Certified Appraiser" means that you adhere to the highest of standards and continually educating yourself on the latest information on how to be the best at what you do. Proud to say that we have been certified for over 20 years and we are happy to bring our expertise to you.