Real Estate Appraising …… Let us hear from you.
The appraisal of one’s home or land is sometimes
misunderstood. In performing an appraisal, the appraiser is simply
looking for market value—defined as the most probable price
which a property should bring in a competitive and open market. The
appraiser estimates or provides an opinion of the current market
value by comparing some of the most recent (but past) real estate
market sales to the home or land being appraised. The best comparable
sales are those which are closest in proximity—same neighborhood,
subdivision or marketing area. Some other areas
comparison are age, condition, size (heated sq. ft.), construction
quality (brick, interior upgrades, etc.), design & appeal (ranch,
2 story, etc.), utility (bedrooms, baths,etc.) and other value related
factors such as garage, acreage/lot size, porches, pools or other
special features. Adjustments are then made for these value differences
between the home or land being appraised and the best comparable
market sales -- resulting in an estimate or opinion of market
There is no scientific, mathematical or appraisal formula used to
market value - it is simply the appraiser’s opinion based on
an objective analysis of the available facts.
We know that with all that is involved in an appraisal
questions may persist and we want to be of service if possible. So,
let us hear from you — whether or not you order an appraisal
RB Miller Appraisal Group.
You may have questions about our website, the real
estate market in and around Charlotte, North Carolina, real estate
appraising or related real estate and appraisal topics. Please feel
free to address those real estate or general appraisal issues in
an e-mail to us. We will be happy to respond to you with the best
information we have available. At the very least, we will try to
point you in the proper direction. Please identify yourself/your
company so that we may respond in a professional manner. Our goal
is to get back with you as soon as possible. Thank you for
taking the time to visit our website.
DISCLAIMER: We will not
answer questions or make comments on a specific appraisal another
appraiser may have prepared on your behalf. Neither can we respond
to any legal issues/questions on appraisals and will not offer
sales or investment advice on real estate in North Carolina.
No estimate of value can be provided without an appraisal. RB
Miller Appraisal Group reserves the right to respond or not to
respond to any question(s) or inquiries at its sole discretion.