Some Real Estate Appraisal Myths
Myth: The appraised value of a property
will vary, depending upon whether the appraisal is conducted for the buyer
or the seller.
Reality: The appraiser has no vested interest in the outcome of
the appraisal and should render services with independence, objectivity
and impartiality - no matter for whom the appraisal is conducted.
Myth: You generally can tell what
a property is worth simply by looking at the outside.
Reality: Property value is determined by a number of factors, including
location, condition, improvements, amenities, and market trends.
Myth: An Appraisal is the same as
a home inspection.
Reality: An Appraisal does not serve the same purpose as an inspection.
The Appraiser forms an opinion of value in the Appraisal process and resulting
report. A home inspector determines the condition of the home and its
major components and reports these findings.
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Santa Clara County
| Standard, non-complex, properties in the cities of San Jose,
Santa Clara, Sunnyvale and Campbell. |
$350 |
| Starting fee for standard, non-complex, properties
in the cities of Gilroy, Morgan Hill, Mountain View, Palo Alto, Los Altos, Los Altos Hills, Monte Sereno,
Saratoga, Cupertino and Los Gatos. |
$375 |
San Mateo, Alameda, Contra Costa and San Francisco Counties
| Starting fee for standard, non-complex, properties. |
$375 |
Other Forms and Addendums
| CO-OP (form 1075) |
$400 |
| Forms 2055, 2065 (interior or exterior) |
$300 |
| Rental forms |
$100 |
| 216 -Operating Income Statement |
$100 |
| 1007 - Comparable Rent |
$100 |
| Recertification Certificates. |
$150 |
Recertification Certificates requiring a new front photo of
subject property.
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$175 |
Multi-Unit Properties
| Duplex |
$650 |
| Triplex |
$700 |
| Fourplex |
$750 |
| *These fees are regardless of County. Full appraisals for
Multi-Unit properties include both rental forms 216 and 1007. |
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Cancellation Policy:
| If an appraisal is canceled after it has been inspected, half
of the appraisal fee will apply. For appraisals that are cancelled prior
to the day of inspection, there will be no charge. Preferred payment for
all appraisals is COD. Please check with office regarding billing at escrow. |
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| All fees are negotiable. Please feel free to call us for a
fee quote on your specific property. |
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Standard Real Estate Home Appraisal Report Format Includes:
- Appropriate form
- Three sets of Subject photos
- Building sketch
- Three sets of Comparable photos
- Plat map
- Form 439
- Area map
- Additional addendums (as required)
- Flood map (where applicable)
For questions, please don't hesitate to call us at (408) 995-6012 or order
a California Bay Area real estate home appraisal today!
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