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  • Long Island Appraisals

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Frequently Asked Questions

homeFaq's

Q: What is an appraisal?

An appraisal is an expert opinion of the value of a property as of a specific date. Only a state certified or licensed appraiser can prepare an official appraisal.

Q: Are you qualified to provide me with an official appraisal?

Yes. All of our appraisers are licensed New York State Real Estate Appraisers who have in-depth knowledge of the areas in which they perform appraisals. Our appraisal reports are accepted by courts, financial instutions, Medicaid, local, state and federal tax agencies, as well as attorneys, accountants and real estate professionals.

Q: What areas are included in your coverage area?

Our primary service areas are Suffolk, Nassau and Queens counties.

Q: What is involved in the preparation of an appraisal?

The preparation of an appraisal involves researching the property's market area, inspecting the property that is being appraised and researching sales from the property's immediate neighborhood. Lastly, a report is prepared.

Q: What happens during the inspection?

An appraiser will come to your house, inspect all rooms including the bathrooms and basement and measure the footprint of the dwelling. The appraiser will also note all amenities and deficiencies.

Q: What is the final value conclusion based on?

After the inspection, area sales are analyzed and the sales that are most similar to the subject are selected as comparables. The selected sales are analyzed and adjusted to arrive at a value that is most representative of the property being appraised.

Q: Does the appraisal take into account the condition of my home?

The condition of your home and the level of updating is one of the more important factors considered in determining the value of your home. During the inspection, the appraiser will note details about the condition of your home and ask questions about the level of updating. All efforts will be made to select comparables that most closely match your property's condition.

Q: What factors are considered in the value conclusion?

When determining the subject's final value conclusion, the comparable's adjusted values along with the subject's condition, location and amenities are all considered.

Q: How long does the appraisal process take?

Your appointment will be scheduled according to your availability. We will do our best to accommodate any scheduling request. If you require a rush appointment, please be sure to mention it.

The inspection generally will take no longer than 30 minutes. You will receive your written appraisal report via e-mail within 48 hours of the inspection.

Q: Is my appraisal confidential?

An appraisal report is given only to the client, usually the person who hired the appraiser. It is not passed on to the town or any other person without the consent of the client.

Want to talk with an appraiser?

• Get answers to your questions.
• Get a quick, no-hassle price quote.
• We'd love to hear from you.

Give us a call: (631) 235-9645