Whether you’re buying or selling a home or commercial property, one of the most important first steps is having the property professionally appraised. Property values generally appreciate over time, but they’re also heavily influenced by market conditions and other factors. The good news is that scheduling an independent appraisal is fast and easy, and our team at Ferstl Valuation Services is just a phone call away when you’re ready to get started!
We’ve offered trusted real estate appraisals in Little Rock since 1967, and we’re proud to be one of the oldest and largest full-service appraisal firms in The Natural State. A proper valuation is a crucial starting point for negotiating any property sale, and it begins with an independent appraisal. Most appraisals take approximately 1-2 weeks to complete, and you can expedite the process by gathering all required documentation before the initial site visit.
During the visit, the appraiser will take some photographs and will need to see the property deed and documentation of the last sales price, property tax records, recent land surveys, sales data for comparable properties (commonly known as “comps”), and any available information about the neighborhood and your local zoning regulations. You’ll also need to include an itemized list of renovations and improvements with receipts attached. Be sure to contact your appraiser prior to your site vist to find out if any additional documentation will be required.
After the site visit, the appraiser will perform additional market research to ascertain the property’s fair market value. There are several factors he or she will consider in determining the final valuation, including the recent sale price of comps in the neighborhood, as well as acreage, square footage, the number of bedrooms and bathrooms, and the property’s overall condition. The valuation will also be influenced by other factors, including the property’s curb appeal and other available amenities such as a storage shed or a swimming pool.
Your appraisal report will include a detailed property description and current valuation, as well as any observed defects or issues that adversely affected the valuation. It will also include a certification that the appraisal is an unbiased professional evaluation that was conducted in accordance with industry standards and guidelines.
For more information about real estate appraisal services in Little Rock, contact us online or at 501-375-1439
