Charlottesville VA Real Estate Appraisal

A real estate appraisal determines an opinion of value for real property, and must be performed by a licensed, certified appraiser who uses a Uniform Residential Appraisal Report. Most appraisals are for market value, but other valuations can be used as well, such as investment value, tax value, or foreclosure value. Commercial property appraisals are far more complex, and include income producing valuations.

The appraiser has a fiduciary responsibility to their client, regardless of who pays them. Residential appraisers can be hired by a variety of parties, but it is often the homeowner or buyer who pays for a residential appraisal. Fees and payment can often be bundled with the settlement. Real estate appraisal services and appraisers can be recommended by mortgage companies, real estate agents, and other professionals.

We suggest that you review the services of several local real estate appraisers in

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