| A San Diego appraisal is a service performed by a Certified California Real Estate appraiser to develop an opinion of value based on the highest and best use of San Diego real property.
The use must be profitable and probable and must follow the Uniform Standard of Professional Practice (USPAP). There are several types and definitions of value sought by San Diego Appraisers to include Market Value, Value-in-use, Investment value and Insurable Value. The Market value of San Diego properties is the most common used valuation form used by Southern California Appraisers. It is important to note the difference between Market Value and Price of a property. The price or sale amount of a property will usually differ and may not represent the real estate’s market value. It is up to the the appraiser to properly value the final estimate of value without taking the sale amount or price into consideration. Some properties are priced for a quick sale, sold between family members and in some instances overly improved so that the price is higher than the market value of the San Diego Real Estate. Our appraisers take all three approaches to value when coming up with a final opinion of value. The cost approach, sales comparison approach and income approach are evaluated to see which approaches will be used. When you need the right appraisal, right now, make sure to use Appraise All! Bryan Knowlton is a San Diego Certified Appraiser and qualified to be an expert witness in the valuation of San Diego residential properties. Please contact us for a free consultation about your residential property. We can help with all of your Purchase and Refinance Appraisals as well as: tax assessment elder care (Medicaid entitlement, etc.) replacement cost for insurance |
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