Residential
Appraisal Reports by Christopher Kroschel
What can a Davis appraiser do for you? Our accredited professionals are available to assist you with:
Following the inspection at your location in the Davis region, AVK Appraisal Services appraisers determine the market value of real estate and comply with the regulations set forth by the Uniform Standards of Professional Appraisal Practices. Interested in these standards written during the S&L crisis of the 1980-90s?
The home inspection includes all significant improvements. The appraisal report will contain:
The Appraisal Process
The appraisal process includes the research, compilation, and analysis of all pertinent data as it relates to your specific requirements. AVK Appraisal Services provides several types of reports in standardized or narrative book form.
Interior Inspection
A list of significant assets and defects are objectively analyzed and compiled in a detailed written report. Interior and exterior photos are included. Original photos are available upon request.
Property Condition
Includes the specifics of construction, property layout, number of rooms and specific features, equipment, improvements and renovations. Online permits are researched if available.
Neighborhood and Market Area
Comparable selection is based first on subject's neighborhood boundaries, which are rarely exact. A market area is broader in scope but is an area that buyers and sellers would consider including in their search for comparable properties. Attention is given a property’s proximity to employment, services, linkages, and amenities.
Site
The lot or acreage - land ready for improvements. The location always has both benefits and detriments. Within the neighborhood it may be neutral or average, or it may have e.g., some detriment due to traffic or a commercial use nearby. The zoning, general plan and environmental risk all play a part in land value.
Property Classification
Public records are analyzed to confirm sales and make comparisons in the particular Davis region. A range of public records and sources are used including zoning records, tax data, professional associations, and other applicable publications.
Estimating the Market Value
- Sales Comparison
In its most basic form, this approach is built on the premise that the market value of a property can be derived from comparable properties in the neighborhood and market area.
- Cost Approach
Since the market obviously relates to cost, this approach takes into account and analyzes market trends as defined by two specific elements: Land value plus improvements, minus depreciation.
- Income Approach
Generally reserved for valuations of multi unit and commercial investment properties. An estimate of market value using the income capitalization approach relies on the perspective that the current and continued income of real estate is a measure of its value. Current or projected income of the subject is compared to similar properties using a gross rent multiplier - this is the common method for 2-4 unit investments. Projected income must be supported by market data.
AVK Appraisal Services provides complete appraisal services for:
- Single Family Residential
- Multi-Family (duplex to four units)
- New Construction
- Condo Values
- Lots & Acreage
- Private or "hard money" loans
- Highest & Best Use Analysis
Testimonials
The response time was amazing and very profesional. He understood immediately what I needed and his report was perfect. Christopher's knowledge of appraisals is impressive and detailed. Would definitely recommend him.UsefulFunnyCool
— Gilda G.
Very friendly and detailed, punctual and finished appraisal in a timely manner.
— Aaron Adler
A licensed and certified appraiser is qualified to provide an objective evaluation along with a detailed and comprehensive written report. Whether you are selling, buying, financing, or managing real estate in Davis we can streamline the process and establish the fair market value of the property. Many can offer an opinion of value, including online services, but only a licensed and certified appraiser is required and qualified to provide a documented and unbiased evaluation. There are more than a few reasons to hire an appraiser, let me know how we can be of service. Thank You, Christopher Kroschel
Now accepting credit and debit card payments.
Please note that fees are quoted as net to the company. There is a small charge for use of credit.
