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Quick and easy appraisals for your clients
Change Appraisals provides the highest level of client satisfaction by offering exceptional customer service, outstanding quality control and prompt order completion, all while taking the guesswork out of the mortgage industry’s ever-evolving regulatory climate.
The Appraisal Inspection
It’s the appraiser’s job to ensure certain features actually exist and what condition they are in. The appraiser will look at things like the number of bedrooms and bathrooms, unique features, roof and foundation conditions and recent renovations.
The sales approach
Appraisers rely on the sales comparison approach to value factors like location and amenities. It’s the appraiser’s job to understand the neighborhoods in which they work and are tasked with understanding the value of certain features to local residents.
The cost approach
Appraisers use information such as local building costs, labor rates and other similar factors. However, most appraisals rely heavily on the sales comparison approach.
The income approach
In the case of income-producing properties, like rental houses, the appraiser may use an income approach to value the property. In this case, the amount of income the property produces is used to arrive at the current value of those revenues over the foreseeable future.
Contact Us
Contact us to ask questions or learn about the appraisal process.
