FAQ — Residential Appraisal Questions | Apprsls

Question 1

What is a residential real estate appraisal?

Accepted Answer

A residential appraisal is an independent, certified opinion of a property's market value prepared by a licensed appraiser. The appraiser inspects the home, analyzes comparable sales in the area, and produces a written report that meets Uniform Standards of Professional Appraisal Practice (USPAP). Lenders, courts, attorneys, and property owners rely on appraisals to make informed financial decisions.

Question 2

What happens during the property inspection?

Accepted Answer

During the inspection, the appraiser walks through the interior and exterior of the home, noting the size, condition, layout, upgrades, and any features that affect value. The visit typically takes 30 to 60 minutes depending on the size and complexity of the property. You do not need to do anything special to prepare — just make sure all areas of the home are accessible, including the basement, attic, and garage.

Question 3

How does the appraiser determine my home's value?

Accepted Answer

The appraiser uses the sales comparison approach, identifying recently sold homes in your area that are similar in size, age, condition, and location. Each comparable sale is adjusted for differences relative to your property. The appraiser also considers the cost approach and, where applicable, the income approach. The final value opinion reflects the most probable price a knowledgeable buyer would pay in the current market.

Question 4

Do I need to be home during the inspection?

Accepted Answer

Yes, someone with access to the property should be present during the inspection. This is typically the homeowner, a tenant, or a real estate agent. The appraiser will need access to all rooms, the basement, attic, and any outbuildings included in the appraisal.

Question 5

How long does the appraisal process take from start to finish?

Accepted Answer

From the time you place your order, most residential appraisals are completed within 5 to 7 business days. This includes scheduling the inspection, conducting the on-site visit, researching comparable sales, and writing the final report. Rush turnaround may be available for time-sensitive situations — contact us to discuss your timeline.

Question 6

How will I receive my appraisal report?

Accepted Answer

Your completed appraisal report is delivered electronically as a PDF. You will receive a secure link to download the report as soon as it is finalized. If a hard copy is required for legal or court purposes, we can arrange that as well.

Question 7

Can I get a rush appraisal?

Accepted Answer

Rush orders are available on a case-by-case basis depending on current scheduling. If you have a court deadline, a tax appeal filing window, or a closing date that requires a faster turnaround, please mention it when you request your quote and we will do our best to accommodate you.

Question 8

How much does a residential appraisal cost?

Accepted Answer

Appraisal fees vary based on the size, complexity, and intended use of the appraisal. A standard single-family home appraisal in the Cincinnati area typically ranges from $400 to $600. Appraisals for estate and probate matters, divorce proceedings, or tax appeals may differ in scope and pricing. Contact us for a free quote specific to your property and situation.

Question 9

When is payment due, and what forms of payment do you accept?

Accepted Answer

Payment is due at the time the appraisal is ordered. We accept major credit cards, debit cards, and electronic check. Your report will be delivered upon completion of the engagement.

Question 10

What is your cancellation and refund policy?

Accepted Answer

If you need to cancel or reschedule, please contact us as soon as possible. Cancellations made before the inspection is completed may be eligible for a partial refund depending on the work already performed. Once the inspection has taken place, fees for the inspection and research are non-refundable.

Question 11

What does the appraisal report include?

Accepted Answer

A standard residential appraisal report includes a description of the property, a neighborhood analysis, a summary of comparable sales, adjustments for differences between your home and the comparables, photographs of the interior and exterior, a site map, and the appraiser's certified opinion of value. Reports are prepared on standard FNMA forms or in narrative format depending on the intended use.

Question 12

Are your appraisals USPAP-compliant?

Accepted Answer

Yes. All appraisals performed by Apprsls comply with the Uniform Standards of Professional Appraisal Practice (USPAP), the nationally recognized ethical and performance standards for the appraisal profession. Our appraisers are licensed by the State of Ohio and complete ongoing USPAP education to maintain their credentials.

Question 13

Can I use your appraisal for a mortgage or refinance?

Accepted Answer

Apprsls specializes in non-lending appraisals for private, legal, and tax purposes. If you need an appraisal for a mortgage or refinance, your lender is required to order the appraisal directly through an approved appraisal management company (AMC). We are happy to discuss your specific situation — contact us and we can help point you in the right direction.

Question 14

What if I disagree with the appraised value?

Accepted Answer

If you believe the appraised value does not reflect your property's true market value, you have the right to request a reconsideration of value. You can provide additional comparable sales or factual corrections about the property for the appraiser to review. The appraiser will evaluate the information and determine whether a revision is warranted. Appraisers are bound by USPAP to remain independent and objective throughout this process.

Frequently Asked Questions

The Appraisal Process

Turnaround Times

Costs and Fees

What to Expect

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