Expert Appraisers
of Georgia

An appraisal is estimation that concludes an opinion of value. The real estate appraiser will typically use a few "approaches," typically three, to conclude the estimation of value. The Cost Approach is one of the approaches that real estate appraisers use to find value; it involves concluding what the improvements would cost minus physical deterioration, adding the land value. Another of the approaches is the Sales Comparison Approach - which involves making a comparable analysis to other similar properties within a close vicinity which have recently sold. Usually, the Sales Comparison Approach is the most definite indicator of value of a house. The Income Approach is mainly used for determining the cost of income-producing properties based on what an investor would pay based on the amount of income a property produce.