Appraising Real Estate in Flagstaff is not the same as appraising real estate in the Phoenix metropolitan area. Why you might ask? The homes in the Phoenix area tend to be located in subdivisions that offer similar floor plans and lot sizes whereas Flagstaff homes are mostly different. For example, when “appraising in Flagstaff” you may have one single level home at 1,500 square feet on a quarter acre lot with another home right next door at 4,000 square feet on over an acre. To make it really interesting, let’s say there’s another across the street that is a 2-story on a much smaller lot. Obviously, these are very different homes and the appraisal value will not be the same.
The preparation of a real estate appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience, and professional judgment of the appraiser. That’s why choosing an experienced appraisal company like SunPoint Appraisals, Inc. who has a team of real estate appraisers who have been appraising in the state of Arizona for more than 25 years, is so very important.
An appraisal is based on recent sales in the neighborhood with “like homes.” Finding like homes that have all sold within the past 6 months can sometimes be a challenge when “appraising a home in Flagstaff, Arizona.” You will need an appraiser who is experienced in all aspects of home appraising to get an accurate value.
Paul Johnson, President and CEO of SunPoint Appraisals, Inc., has many experienced and “Certified Flagstaff Appraisers” that know the area and are familiar with appraising in rural as well as metropolitan areas.
In case you didn’t know, there are several different types of appraisers. SunPoint Appraisals, Inc., offers all of them and covers the entire state of Arizona. The different types of “Real Estate Appraisers” are as follows:
Someone who is qualified to appraise properties that their trainer certified appraiser is qualified to appraise. A trainee must be with their certified appraiser trainer at all times during the appraisal inspection.
Licensed Real Property Appraiser:
Someone who is qualified to appraise non-complex one to four units having a transaction value less than
$1,000,000 and complex one to four residential units having a transaction value less than $250,000. This classification does not include the appraisal of subdivisions.
Certified Residential Real Property Appraiser:
Someone who is qualified to appraise one to four residential units without regard to value or complexity. To be a state certified residential appraiser qualified to do appraisals for federally related transactions, a state must have requirements that meet or exceed this minimum standard. SunPoint Appraisals, Inc., offers Certified Residential Home Appraisers.
Certified General Real Property Appraiser:
Someone who is qualified to appraise all types of real property. To be a state certified general appraiser qualified to do appraisals for federally related transactions, a state must have requirements that meet or exceed this minimum standard.