Depending on the type of property for which you want a valuation performed, The Preferred Appraisal Group can perform one of three approaches to appraising your real estate:
Sales Comparison Approach- the appraiser will compare your real estate to sales and/or listings of other properties with similar physical features, utility, and geographic location in order to determine a reasonable opinion of market value
Cost Approach- the appraiser will determine the value of your real estate based on the cost to reproduce a structure with equivalent functional utility
Income Approach- the appraiser will determine the value of your real estate based on a comparison of other properties that produce equivalent income returns.
The Preferred Appraisal Group abides by all applicable USPAP, Fannie Mae and government regulations when performing real estate valuations for loan and mortgage purposes. If you are interested in obtaining our services indirectly through your lender, please have them contact us on your behalf.