A residential appraisal moves through five steps: the assignment is defined, the property is inspected and measured, comparable sales are verified and adjusted, the approaches to value are reconciled, and a written report is delivered. Most residential assignments finish in two to three business days after inspection.
An appraisal is an opinion of market value prepared by a state-certified appraiser. A home inspection is a condition report prepared by a licensed inspector. The appraiser notes condition only where it affects value; the inspector evaluates systems but never concludes a value.
An estate appraisal establishes fair market value as of the date of death. Personal representatives use it for probate inventory, CPAs use it for step-up in basis, and families use it to divide property fairly. The analysis relies only on data available as of that effective date.
To appeal a Florida property assessment, review the TRIM notice, file a Value Adjustment Board petition within 25 days, and present evidence that market value as of January 1 was below the assessed just value. An independent appraisal is the strongest evidence available.
To prepare for an appraisal, gather permits and renovation records, ensure access to every room and outbuilding, and list improvements with dates and costs. Cleaning helps presentation, but documented, permitted improvements are what actually support value.
In South Florida, permitted square footage, a newer roof, impact-rated windows, updated kitchens and baths, and genuine water access raise appraised value most reliably. Pools, solar, and luxury finishes contribute selectively depending on neighborhood expectations.
Comparable sales are the backbone of residential valuation. Appraisers select recent, nearby, arm's-length sales of similar properties, adjust each for measurable differences, and reconcile the adjusted results, weighting the most similar sales most heavily rather than averaging them.
Market value is the most probable price a property should bring in a competitive and open market, with buyer and seller each acting knowledgeably and without undue pressure. It differs from assessed value, list price, insured value, and what any individual buyer might pay.
Common appraisal myths include the belief that appraisers work for the lender's interests, that renovation cost equals added value, that a clean house raises the number, and that assessed value reflects market value. Each is corrected below.
A pre-listing appraisal gives sellers an independent value before the home goes on the market. It supports the asking price, strengthens negotiation, and surfaces condition or measurement issues that would otherwise appear weeks later in the buyer's lender appraisal.
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