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An appraisal is a professional appraiser's opinion of value. The preparation of an 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. Appraisals may be required for any type of property, including single-family homes, apartment buildings and condominiums, office buildings, shopping centers, industrial sites, and farms. The reasons for performing a real property appraisal are just as varied. They are usually required whenever real property is sold, mortgaged, taxed, insured, or developed. For example, appraisals are prepared for:
- Mortgage lending purposes, including FHA mortgages
- Tax assessments and appeals of assessments
- Negotiation between buyers and sellers
- Lease negotiations
- Bank Foreclosures
- Estate Planning
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First Rate Appraisal is Southeastern Michigan's first choice for high-quality residential appraisal services. We serve all of Wayne and Monroe counties, and parts of Macomb, Oakland, and Washtenaw counties.
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Appraisal Services
We perform work for a variety of clients inculding lenders, attorneys, and individuals. Our certified appraisers are FHA approved and can appraise any type of residental property for a variety of purposes.
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