The turnaround time for an appraisal can vary depending on factors like property complexity and appraiser workload. On average, it may take anywhere from a few days to a few weeks.

An appraiser evaluates the value of a property by analyzing various factors such as location, size, condition, and comparable property sales. They provide an unbiased estimate based on their expertise.

Appraisers follow established guidelines REGULATORY guidelines and standards. The validity of the value is ensured through their professional training, adherence to ethical standards, and reliance on market data.

Ensure the property is clean and well-maintained. Provide any relevant documents or information about recent improvements. Be prepared to answer questions about the property.

An appraisal is a formal assessment by a licensed appraiser, while a CMA is an informal estimate usually provided by a real estate agent. Appraisals are more detailed and precise.

Appraisers use various sources, including public records, Multiple Listing Service (MLS), and their professional networks. They consider recent sales, market trends, and property characteristics.

Ensure you hire a licensed or certified real estate appraiser. The specific type may depend on your needs, such as residential, commercial, or specialized property.

Appraisal validity varies, but typically an appraisal is considered relevant for six months to a year. Market conditions and property changes can impact its accuracy over time.

Appraisers should remain impartial to maintain ethical standards. If an appraiser is involved in selling, transparent disclosure of potential conflicts of interest is essential.

Typically, the party who orders and pays for the appraisal owns the report. However, the appraiser retains the copyright, and usage may be subject to certain restrictions.

Ask about their experience, qualifications, fees, turnaround time, and references. Inquire about their knowledge of local markets and specific expertise related to your property type.