So, what party makes sure the real estate is worth the purchase price? In comes the appraiser. I provide an unbiased estimate of what a buyer might expect to pay — or a seller receive — for a parcel of real estate, where both buyer and seller are informed parties.  As a certified, professional appraiser I will ensure you, as an interested party, are informed.

Inspecting the subject property

To ascertain the true status of the property it's my responsibility to first visit the property. I must see aspects of the property hands on, such as the number of bedrooms and bathrooms, the location, and so on, to ensure they indeed are present and are in the shape a typical person would expect them to be. To ensure the stated square footage is accurate and illustrate the layout of the home, the inspection often requires creating a sketch of the floorplan. Most importantly the appraiser looks for any obvious attributes - or defects - that would have an impact on the value of the house.

Next, after the inspection, I use two or three approaches to determining the value of the property: a sales comparison, a replacement cost calculation, and an income approach when rental properties are prevalent.

Replacement Cost

This is where the appraiser analyzes information on local building costs, the cost of labor and other elements to figure out how much it would cost to build a property nearly identical to the one being appraised. This estimate often sets the maximum on what a property would sell for. It's also the least used predictor of value.

An opinion of what the subject might sell for can only be determined once all differences between the comps and the subject have been evaluated. When it comes to knowing the true value of features of homes in Contra Costa, Solano and Alameda Counties , Julia N. Leonard & Associates Appraisals is second to none. This approach to value is usually given the most importance when an appraisal is for a home exchange.

Valuation Using the Income Approach

In the case of income producing properties - rental houses for example - I may use an additional method of valuing a property. In this case, the amount of income the property produces is taken into consideration along with income produced by nearby properties to derive the current value.

Arriving at a Value Conclusion

Combining information from all approaches, the appraiser is then ready to document an estimated market value for the property in question. The estimate of value on the appraisal report is not always the final sales price even though it is often, but not always,  a good indication of a property's value.  Depending on the individual situations of the buyer or seller, their level of urgency or a buyer's desire for that exact property, the offer for a home can always be driven up or down.Regardless, the appraised value is often employed as a guideline for lenders who don't want to loan a buyer more money than they could recover in the event they had to sell the property again. Here's what it all boils down to, I will help you attain the most accurate property value, so you can make wise real estate decisions.

So, what party makes sure the real estate is worth the purchase price? In comes the appraiser - I provide an unbiased estimate of what a buyer might expect to pay — or a seller receive — for a parcel of real estate, where both buyer and seller are informed parties.  As a certified, professional appraiser I will ensure you, as an interested party, are informed.

Inspecting the subject property

To ascertain the true status of the property, it's my responsibility to first visit the property. I must see aspects of the property hands to evaluate the home with attention given to such items as easements, lot utility, view, construction quality, updating and amenities. To ensure the stated square footage is accurate and illustrate the layout of the home, the inspection often requires creating a sketch of the floorplan. Most importantly, the appraiser looks for any attributes - or defects - that would have an impact on the value of the house.

Next, after the inspection, I use two or three approaches to determining the value of the property: a sales comparison, a replacement cost calculation, and an income approach when rental properties are prevalent.

Replacement Cost

This is where the appraiser analyzes information on local building costs, the cost of labor and other elements to figure out how much it would cost to build a property nearly identical to the one being appraised. This estimate often sets the maximum on what a property would sell for.    

An opinion of what the subject might sell for can only be determined once all differences between the comps and the subject have been evaluated. When it comes to knowing the true value of features of homes in Alameda, Solano and Contra Costa counties, Julia N. Leonard & Associates Appraisals is second to none. This approach to value is usually given the most importance when an appraisal is for a home exchange.

Valuation Using the Income Approach

In the case of income producing properties - rental houses for example - I may use an additional method of valuing a property. In this case, the amount of income the property produces is taken into consideration along with income produced by nearby properties to derive the current value.

Arriving at a Value Conclusion

Combining information from all approaches, the appraiser is then ready to document an estimated market value for the property in question. The estimate of value on the appraisal report is not always the final sales price even though it can be a good indication of a property's value.  Depending on the individual situations of the buyer or seller, their level of urgency or a buyer's desire for that exact property, the closing price of a home can always be driven up or down.Regardless, the appraised value is often employed as a guideline for lenders who don't want to loan a buyer more money than they could recover in the event they had to sell the property again. Here's what it all boils down to, I will help you attain the most accurate property value, so you can make wise real estate decisions.

So, what party makes sure the real estate is worth the purchase price? In comes the appraiser. I provide an unbiased estimate of what a buyer might expect to pay — or a seller receive — for a parcel of real estate, where both buyer and seller are informed parties.  As a certified, professional appraiser I will ensure you, as an interested party, are informed.

Inspecting the subject property

To ascertain the true status of the property it's my responsibility to first visit the property. I must see aspects of the property hands on, such as the number of bedrooms and bathrooms, the location, and so on, to ensure they indeed are present and are in the shape a typical person would expect them to be. To ensure the stated square footage is accurate and illustrate the layout of the home, the inspection often requires creating a sketch of the floorplan. Most importantly the appraiser looks for any obvious attributes - or defects - that would have an impact on the value of the house.

Next, after the inspection, I use two or three approaches to determining the value of the property: a sales comparison, a replacement cost calculation, and an income approach when rental properties are prevalent.

Replacement Cost

This is where the appraiser analyzes information on local building costs, the cost of labor and other elements to figure out how much it would cost to build a property nearly identical to the one being appraised. This estimate often sets the maximum on what a property would sell for. It's also the least used predictor of value.

An opinion of what the subject might sell for can only be determined once all differences between the comps and the subject have been evaluated. When it comes to knowing the true value of features of homes in Contra Costa, Solano and Alameda Counties, Julia N. Leonard & Associates Appraisals is second to none. This approach to value is usually given the most importance when an appraisal is for a home exchange.

Valuation Using the Income Approach

In the case of income producing properties - rental houses for example - I may use an additional method of valuing a property. In this case, the amount of income the property produces is taken into consideration along with income produced by nearby properties to derive the current value.

Arriving at a Value Conclusion

Combining information from all approaches, the appraiser is then ready to document an estimated market value for the property in question. The estimate of value on the appraisal report is not always the final sales price even though it is often, but not always,  a good indication of a property's value.  Depending on the individual situations of the buyer or seller, their level of urgency or a buyer's desire for that exact property, the offer for a home can always be driven up or down.Regardless, the appraised value is often employed as a guideline for lenders who don't want to loan a buyer more money than they could recover in the event they had to sell the property again. Here's what it all boils down to, I will help you attain the most accurate property value, so you can make wise real estate decisions.

So, what party makes sure the real estate is worth the purchase price? In comes the appraiser - I provide an unbiased estimate of what a buyer might expect to pay — or a seller receive — for a parcel of real estate, where both buyer and seller are informed parties.  As a certified, professional appraiser I will ensure you, as an interested party, are informed.

Inspecting the subject property

To ascertain the true status of the property, it's my responsibility to first visit the property. I must see aspects of the property hands to evaluate the home with attention given to such items as easements, lot utility, view, construction quality, updating and amenities. To ensure the stated square footage is accurate and illustrate the layout of the home, the inspection often requires creating a sketch of the floorplan. Most importantly, the appraiser looks for any attributes - or defects - that would have an impact on the value of the house.

Next, after the inspection, I use two or three approaches to determining the value of the property: a sales comparison, a replacement cost calculation, and an income approach when rental properties are prevalent.

Replacement Cost

This is where the appraiser analyzes information on local building costs, the cost of labor and other elements to figure out how much it would cost to build a property nearly identical to the one being appraised. This estimate often sets the maximum on what a property would sell for.    

An opinion of what the subject might sell for can only be determined once all differences between the comps and the subject have been evaluated. When it comes to knowing the true value of features of homes in Alameda, Solano and Contra Costa counties, Julia N. Leonard & Associates Appraisals is second to none. This approach to value is usually given the most importance when an appraisal is for a home exchange.

Valuation Using the Income Approach

In the case of income producing properties - rental houses for example - I may use an additional method of valuing a property. In this case, the amount of income the property produces is taken into consideration along with income produced by nearby properties to derive the current value.

Arriving at a Value Conclusion

Combining information from all approaches, the appraiser is then ready to document an estimated market value for the property in question. The estimate of value on the appraisal report is not always the final sales price even though it can be a good indication of a property's value.  Depending on the individual situations of the buyer or seller, their level of urgency or a buyer's desire for that exact property, the closing price of a home can always be driven up or down.Regardless, the appraised value is often employed as a guideline for lenders who don't want to loan a buyer more money than they could recover in the event they had to sell the property again. Here's what it all boils down to, I will help you attain the most accurate property value, so you can make wise real estate decisions.