Serving South Central Texas
Our Process
This structured approach ensures accuracy, transparency, and efficiency, helping you make informed decisions about your property.
THE PROCESS*
THE PROCESS*
THE PROCESS*
THE PROCESS*
THE PROCESS*
Step 1
Initial Consultation
The process begins with an initial consultation where we gather key information about your property and your appraisal needs.
Purpose of the Appraisal:
We discuss the reason for the appraisal (e.g., sale, refinancing, tax purposes, estate settlement, divorce, etc.).
Property Details:
We’ll ask for basic information about the property, including location,
size, and unique features.
Timeline:
We discuss your time frame for receiving the appraisal report and any deadlines you may have.
Fee Quote:
Based on the complexity of the property and the scope of the appraisal, we
will provide you with a fee estimate.
Exterior Inspection:
We observe the exterior of the property, including the condition of the structure and the site.
Photographs and Measurements:
We take photos and detailed measurements to ensure accuracy in our report.
Interior Inspection:
We observe the interior of the property, focusing on relevant property characteristics. Such as; condition, quality, utility, and any unique features.
Note:
For certain types of appraisals, we may not need to observe the property, but this will depend on the type of appraisal required.
Step 2
Property Inspection
Once the consultation is complete, the next step is a thorough property inspection.
Step 3
Market Research and Analysis
After the inspection, we perform detailed market research and data analysis to determine the property’s value.
Comparable Sales Approach:
We research similar properties in the same market that have sold recently to establish a basis for comparison
Adjustments for Differences:
If your property has features or characteristics that differ from comparable properties, adjustments may be warranted.
Market Conditions:
We analyze local market trends, demand, and supply, as well as any economic factors that could impact property value.
Income and Cost Approaches (if applicable):
For income-producing properties, we may use the Income Approach. For newer buildings, we may also apply the Cost Approach to assess the replacement cost of the property.
Property Description:
Detailed information about the property’s size, features, and condition.
Market Data:
Analysis of comparable sales and market conditions.
Valuation Approach:
Explanation of the methods used to determine the property’s value (Sales Comparison, Cost, or Income Approach).
Final Opinion of Value:
Our professional conclusion of the property’s market value.
Step 4
Drafting the Appraisal Report
Using all gathered information, we prepare a comprehensive appraisal report, which includes:
Step 5
Delivery of the Report
Once the report is complete:
Review and Explanation:
We deliver the appraisal report, either in hard copy or electronically. Oral Appraisal Reports are also an option.
Note:
The time it takes to complete an appraisal will vary depending on the complexity of the property and the scope of the appraisal. Typically, reports are delivered within 5-7 business days
Additional Appraisals:
Should you need further appraisals for other properties, we’re here to assist you.
Questions & Clarifications:
We are available for any follow-up questions you might have.
Step 6
Follow-Up Support
After the report is delivered.
