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Property values are typically developed using one of three common approaches: sales comparison, cost, and income. However, for most residential reports, we rely on the sales comparison approach.

In the sales comparison approach, we analyze recently sold homes that are similar to the subject property. Adjustments are made for any differences between these comparable properties and the subject property, such as size, condition, location, and other relevant factors. This approach provides a reliable and accurate estimate of the property's value, which is vital for various real estate transactions and assessments.

The appraisal process consists of several stages. The inspection phase is the quickest and typically takes about half an hour. The more time-intensive phases are the market research and report development. 

On average, you can expect to receive the completed appraisal report approximately 2 business days from the date of the inspection. Please keep in mind that the actual timeline may vary based on the complexity of the appraisal and other specific factors.

We take pride in our team's qualifications, which are crucial for providing accurate and reliable appraisals. Our team comprises:

• Five Licensed and Certified Appraisers: Our five licensed and certified appraisers bring extensive experience and local expertise to the table, ensuring that your property is thoroughly evaluated.
• Two Appraisal Trainees: These individuals are in the process of becoming certified appraisers and work under the guidance of our experienced team.
• Two Research Assistants: Our research assistants support our appraisers by gathering and analyzing essential market data.

Our team is led by Scott Brown, who boasts over 30 years of experience in the field. With this experienced and well-rounded team, you can have confidence in the quality of our appraisal services.

Market value is a fundamental concept in real estate appraisals. It refers to the most probable price a property should bring in a competitive and open market under all conditions necessary for a fair sale, with both the buyer and the seller having reasonable knowledge of the property's characteristics and uses.

USPAP, or the Uniform Standards of Professional Appraisal Practice, is a set of regulations and guidelines that govern the professional practice of real estate appraisers in the United States. These standards are designed to ensure that appraisers maintain high levels of professionalism, ethics, and consistency in their appraisal work.

At AVP we are committed to full compliance with USPAP, as well as all relevant state and federal regulations. This commitment ensures that our appraisals are accurate, reliable, and conducted with the utmost professionalism, providing our clients with trustworthy and ethical appraisal services. Compliance with USPAP and regulatory standards is fundamental to our practice and the quality of our services.

A home inspection and an appraisal serve distinct purposes in the real estate process. Here's how they differ:

1. Home Inspection: A home inspection is typically conducted by a certified home inspector and focuses on the physical condition of a property. It's primarily for the buyer's benefit and aims to identify any issues, defects, or potential problems with the property. The inspection covers aspects like the foundation, roofing, plumbing, electrical systems, and more.
2. Appraisal: An appraisal, on the other hand, is performed by a licensed appraiser and is centered on determining the property's market value. The appraiser assesses the property's features, condition, location, and compares it to similar properties in the area to establish its current market value. This is essential for various real estate transactions and helps ensure fair pricing.