The Appraisal Process
Understanding what happens from order to delivery
How Long Does an Appraisal Take?
Most residential appraisals in the Bay Area are completed within 7-10 business days from the inspection date. However, complex properties, luxury estates, or unique situations may require additional time.
The process involves careful research, inspection, analysis, and reporting to ensure an accurate and defensible opinion of value.
Step-by-Step Process
Appraisal is Ordered
Your lender, attorney, or you directly place an order for an appraisal. We'll receive the assignment details including property address, purpose of the appraisal, and any special requirements.
Initial Research
We begin researching the property using public records, MLS data, and our proprietary database. This includes reviewing property history, sales records, tax assessments, and identifying comparable properties.
Property Inspection Scheduled
We coordinate with you or your representative to schedule a convenient time for the property inspection. For most residential properties, this takes 30-60 minutes.
On-Site Inspection
Our appraiser conducts a thorough inspection of the property, photographing the interior and exterior, measuring square footage, noting condition and quality, and observing neighborhood characteristics.
Comparable Sales Analysis
We analyze recently sold properties similar to yours in location, size, condition, and features. Adjustments are made for differences to determine market value.
Report Preparation
All findings are compiled into a comprehensive appraisal report following USPAP standards. This includes property description, market analysis, valuation methodology, and final opinion of value.
Quality Review
The completed report undergoes internal quality control review to ensure accuracy, completeness, and compliance with all applicable standards and requirements.
Report Delivery
The final appraisal report is delivered to the client (typically your lender). You'll receive a copy for your records. Most reports are delivered within 7-10 business days of inspection.
What to Expect During the Inspection
The Appraiser Will:
- ✓Measure the exterior to verify square footage
- ✓Photograph all rooms, exterior, and notable features
- ✓Note the condition of flooring, walls, ceilings, and fixtures
- ✓Inspect kitchens, bathrooms, and other key areas
- ✓Evaluate the overall quality of construction and materials
- ✓Observe any upgrades, remodeling, or deferred maintenance
- ✓Check mechanical systems (HVAC, water heater, etc.)
- ✓Assess the lot, landscaping, and outdoor features
Important Notes:
- •Appraisers are not home inspectors - they don't move furniture, test systems, or look behind walls
- •The inspection is visual only and focuses on items affecting market value
- •You don't need to be present, but it can be helpful to point out recent upgrades or unique features
Valuation Methods Used
Sales Comparison Approach
The primary method for residential properties. We compare your property to similar homes that have recently sold, making adjustments for differences in size, condition, location, and features.
Most common for single-family homes and condos
Cost Approach
Estimates the cost to rebuild the property from scratch, minus depreciation, plus land value. Useful for newer homes or unique properties with few comparables.
Often used as a supporting method
Income Approach
For investment properties, we may analyze rental income potential and capitalization rates to determine value based on income generation.
Used primarily for multi-unit or investment properties
Understanding Your Appraisal Report
Your appraisal report will typically include:
Property Description
Detailed information about your property's characteristics
Market Analysis
Overview of local market conditions and trends
Comparable Sales
Similar properties used for comparison
Adjustments
Explanation of value differences between properties
Photos
Interior, exterior, and street scene images
Final Value Opinion
The appraiser's concluded market value
Factors That May Affect Timeline
Property Complexity
Luxury estates, unique properties, or homes with special features may require additional research and analysis
Market Conditions
Limited comparable sales or rapidly changing markets may require more extensive research
Access Issues
Scheduling challenges or difficulty accessing the property can delay the inspection
Rush Orders
While we accommodate urgent requests when possible, rush orders may incur additional fees
Common Questions
Can I attend the inspection?
Yes, you're welcome to be present. It can be helpful to point out recent upgrades or answer questions.
Will the appraiser tell me the value during the inspection?
No, the appraiser needs time to analyze data and prepare the report before determining value.
What if I disagree with the appraised value?
You can provide additional information or comparable sales for reconsideration, though the appraiser will only adjust if warranted by market data.
How long is an appraisal valid?
Most lenders accept appraisals that are 90-120 days old, though some may require updates in rapidly changing markets.
Ready to Start Your Appraisal?
Work with experienced Bay Area appraisers who deliver accurate reports on time