Appraisal Blog

Steps in the Home Appraisal Process
May 15th, 2025 2:26 PM

5 Key Steps in the Home Appraisal Process


Helping Hampton Roads homeowners understand what to expect when ordering a home appraisal

 


Every home purchase, refinance, or tax appeal hinges on one critical number: the appraised value. Understanding the home appraisal process not only reduces surprises, it empowers you to make smarter real-estate decisions in Virginia Beach, Norfolk, Chesapeake, and beyond. Here are the five essential steps Real Estate Appraisal Services, Inc. takes to deliver accurate, reliable valuations—every time.
1. You Submit Your Order Online

 

The process starts with you! Simply order your home appraisal through our secure online form. You’ll provide basic property details—address, type of loan, and desired turnaround time—and we’ll confirm your fee quote and appointment window within 24 hours.

Tip: Be sure to include your property’s full street address exactly as it appears on your deed to help us match municipal records quickly.

 


2. Preliminary Research & Data Collection

 

Once your order is in, we gather public records and recent sales data (known as “comps”) for homes similar to yours. We consult multiple sources—county tax records, the MLS, and tools like the Appraisal Foundation’s Official Site—to ensure we’re using the most up-to-date information.

  • Tax records confirm lot size, year built, and ownership history.

  • MLS and sales databases provide sale prices of comparable homes in your neighborhood.

  • Automated Valuation Models (AVMs) may give an estimate of a possible sales price but in many cases the “comps” used in these models are not locationally comparable.  Additionally, these models use comps that are not completely verified and they never consult the selling agents that know your particular neighborhood. 

 


3. On-Site Inspection

 

Next, we visit your property to:

  1. Determine your gross living area and we observe your site’s features.

  2. We Inspect interior features (bedrooms, baths, kitchens and any upgrades).

  3. Evaluate condition—roof age, HVAC, foundation, and any deferred maintenance.

  4. Photograph key elements (interior, exterior, and comparable properties).

This firsthand inspection ensures no important detail—like a new deck or finished basement—gets overlooked.

 


4. Analysis & Valuation

 

Back at the office, we reconcile all gathered data to arrive at a final value. Our analysis includes:

  • Sales Comparison Approach

  • Cost Approach (especially for new construction)

  • Income Approach (for rental properties or multi-unit homes)

By triangulating these methods, we deliver a well-supported appraised value that stands up to lender reviews and tax assessors alike.

 


5. Report Delivery & Review

 

You’ll receive a comprehensive appraisal report within 3-5 days after the inspection date. It includes:

  • Final value conclusion

  • Market trends and neighborhood analysis

  • Detailed comparables with sale prices and adjustments

  • Photographs of both interior and exterior

  • Appraiser’s certification and signature

You can review the report immediately and share it with your lender, attorney, or tax consultant. If you have any questions or wish to challenge an item, we are happy to discuss the findings.

 


Why Choose Real Estate Appraisal Services, Inc.

 

  • Local Expertise: Decades of experience in Hampton Roads real estate.

  • Fast Turnaround: Secure online ordering and same-day confirmations.

  • Accuracy You Can Trust: Fully compliant with USPAP standards.

Ready to get started? Request your appraisal today and gain confidence in your property’s true value!

 


Frequently Asked Questions

 

  1. How long does an appraisal take?
    Typically 3–5 business days after inspection. Rush options are available.

  2. Can I attend the inspection?
    Absolutely! We welcome homeowners to point out upgrades.

  3. What if I disagree with the value?
    Contact us for a free consultation—we are happy to discuss your concerns.

 


By following these five steps, you’ll know exactly what goes into determining your home’s appraisal value. Armed with this knowledge, you can navigate sales, refinances, and tax appeals with confidence.
External Resource: For more on how comparable sales influence appraisals, check out Zillow’s guide to What Are Comps and How Are They Used?


Posted in:General
Posted by RICHARD DANIEL, SRA on May 15th, 2025 2:26 PMPost a Comment

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