Full Appraisals Los Angeles $350

A full appraisal involves a physical inspection of the subject property by the appraiser and is often required by lenders, courts, attorneys, and other intended users depending on the assignment.

During the inspection, the appraiser observes and documents both the interior and exterior of the property, including its overall condition, room count, layout, quality, and any readily observable physical characteristics or deficiencies. The appraiser also measures the gross living area in accordance with accepted industry standards and photographs relevant interior and exterior features.

Following the inspection, the appraiser conducts market research and analyzes comparable properties, including recent sales, pending sales, and active listings, as appropriate for the assignment and market conditions. Comparable sales are selected based on relevance and market support rather than a fixed time frame.

The appraiser then develops one or more recognized approaches to value, as applicable to the assignment. These may include the Sales Comparison Approach, Cost Approach, and Income Approach (when appropriate for income-producing or investment properties).

Finally, the appraiser reconciles the indications of value from the applicable approaches by evaluating the quality, reliability, and relevance of each approach to arrive at a well-supported opinion of market value. Reconciliation is a professional judgment process and is not a simple average of the value indications.

For a more detailed explanation of the appraisal process, please refer to our Appraisal Process video.