A real estate appraisal company provides professional assessments of the value of real estate properties. Appraisers typically consider a variety of factors when determining a property’s value, including its location, size, age, condition, and features. They may also analyze market trends, comparable property sales, and other relevant data to arrive at an estimate of a property’s value. Real estate appraisal companies may be hired by individual property owners, buyers, sellers, lenders, attorneys, and other parties involved in real estate transactions or legal proceedings. A written appraisal by an experience, licensed real estate appraiser is considered the highest, most accurate form of property valuation. Here are some popular appraisers in L.A.:
Silver Ace Real Estate Company specializes in appraising single-family homes, condominium units, and small income properties (2-4 units) in Culver City, Santa Monica, and Los Angeles. Their services include divorce appraisals, IRS appraisals, estate planning appraisals, retrospective appraisals, pre-listing appraisals, pre-purchase appraisals, FSBO appraisals, bail bonds appraisals, and rush appraisals. The company emphasizes the importance of hiring an experienced and qualified appraiser, and highlights their chief appraiser, Scott Gardner, who is a certified residential real estate appraiser and broker in California with extensive knowledge of the local neighborhoods. The company can be contacted by phone or email for inquiries and appointments.
APPRAISINGLA is a company that provides quick, low-cost, and high-quality home appraisal services in the greater Los Angeles area. With locations in Sherman Oaks, Tarzana, Los Angeles, and Lakewood, their team of licensed, certified, and experienced home appraisers can appraise various types of properties, from fixer-upper homes to multi-million dollar mansions. Their goal is to provide accurate and fast appraisals while ensuring customer satisfaction. The majority of their full home appraisal services range from $300 to $500 with a 48-72 hour turnaround time. They can be reached by phone or email for inquiries and appointments.
Los Angeles Commercial Appraisers is a commercial real estate appraisal firm in Los Angeles that specializes in providing certified commercial appraisals for individual property owners and their advisors. The company distinguishes itself from other appraisal companies that primarily serve institutional clients such as banks and mortgage companies, and emphasizes that they prefer not to work with these types of organizations. Instead, they cater to consumers who need commercial property appraisals, as well as attorneys, accountants, financial planners, and realtors representing property owners. The ad warns that not knowing which type of appraisal company one is dealing with may result in a bad appraisal, costing time and money.
For those who do not need a licensed home appraiser, a broker price opinion (BPO) is a report that provides an estimated value of a property based on the analysis and expertise of a licensed real estate broker or agent. A BPO is usually requested by a home owner, but may also be used by some lenders, mortgage servicers, or asset managers who need to determine the value of a property in a timely and cost-effective manner. Unlike a formal appraisal conducted by a licensed appraiser, a less formal BPO relies on the broker’s knowledge and experience of the local real estate market, as well as a comparative analysis of recent sales and listings in the area. It is usually ordered by a property owner who needs to know the property value, and wants something better than a free online estimate by a website, especially when they may be considering borrowing or selling a property. While banks, attorneys and lenders usually prefer the expert accuracy of a license appraiser, a BPO can be faster, and can cost a lot less, thus be the choice for some private, independent investors and companies that offer loan modifications, short sales, foreclosure sales, and REO asset management.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.