Searching for West Virginia real estate appraisers?
Finding West Virginia real estate appraisers is easy at Appraisers Online. Simply click on West Virginia and then select Beckley or Charleston. We offer you a detailed listing of resources, by state, where you can obtain a real estate appraisal. Our extensive listing will help you find a West Virginia licensed real estate appraiser who is familiar with the selling prices in your area. Whether you want to sell or purchase property or use your property as collateral for a loan, you need a home appraisal report from an accredited West Virginia real estate appraiser.
A real estate appraisal – an essential step before you sell, buy or borrow!
A West Virginia real estate appraiser establishes your property's market value, whose definition is the most probable selling price. The home appraisal will establish the likely price someone would pay for your property in an open and competitive market. A real estate appraisal is required before a bank will lend you money.
Things you need to know
A West Virginia real estate appraiser is licensed by the state after completing coursework and internship hours that familiarize he or she with the market. Their real estate appraisals are very detailed reports that include information about the property, along with side-by-side comparisons of three similar closed property sales.
There are two common methods used for assessing residential properties, the Sales Comparison Approach and the Cost Approach. With the Sales Comparison approach, the real estate appraisal is an estimate of the property's market value by comparing it to similar properties that have sold in the area. Since no two properties are exactly alike, the appraisal must include adjustments to the other properties in order to make their features similar to the property being appraised. The result is a figure that shows what each property would have sold for if it had the same characteristics.
The Cost Approach is used to estimate market value based on the depreciated replacement cost and land value, under it's highest and best use. The Cost Approach is reliable for new construction property and is also helpful to establish insurable value for insurance purposes.
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