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Outer Banks Real Estate Appraisers of Homes - Land

RESOURCES HOME LENDERS and FINANCE    REAL ESTATE ATTORNEYS    HOME INSPECTORS & PEST  SURVEYORS    UTILITIES    SCHOOLS    ARCHITECTS-DESIGNERS    INSURANCE COMPANIES     APPRAISERS

The appraisal process is an orderly and concise method of reaching an estimate of value. The process has six major steps which include: definition of the problem, preliminary survey and appraisal plan, data collection and analysis, application of the three approaches to value, reconciliations of value indications, final estimate of defined value. This process assists the appraiser in reaching a sound conclusion. The major phase of this process involves the application of the three approaches to value which include the Market Data Approach, the Cost Approach and Income Approach. The three approaches are reconciled and the value via most applicable approach, in the opinion of the appraisers, is selected as the final estimate of value.

In most residential appraisals, particularly those of single or two family dwellings, the direct sales comparison or market approach best reflects the actions of buyers and sellers and is the most convincing and defendable approach to value.  I would highly recommend using a local appraiser who is intimately familiar with property in this area.