Defining the Real Estate Appraisal

A real estate appraisal is formally defined as the act or process of developing an opinion of value. This opinion is objective and derived using standardized, defensible methodologies. The appraisal provides an estimate of value, not a guarantee of the final sale price.

The central focus of the valuation is the determination of “Market Value.” This is defined as the most probable price a property should bring in a competitive and open market. These conditions assume the buyer and seller are acting prudently and knowledgeably.

The entire process is governed by the Uniform Standards of Professional Appraisal Practice (USPAP), which sets the recognized ethical and performance standards for the appraisal profession in the United States.

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How Can I Help You?

Encompass Appraisal & Real Estate specializes in residential property valuation for both lender and non-lender clients in addition to real estate sales in Washington.

My diverse and specialized skillset sets me apart in the real estate industry. I can assist you in finding the perfect property in this PNW paradise and you can feel confident in the added advantage of my knowledge and understanding of what provides contributory value to a property.