Orlando Property Appraiser 

Order Now! (407) 574-7091

 

We are a leading provider of appraisals for:

Primary and Secondary Mortgages

Manufactured Housing

Mortgage Refinancing

Loan Modifications

Complex Properties

REO Property Appraisals

Single Family (Investment)

2-4 Unit Income Producing

Condominium

Lakefront Homes

Acreage

Employee Relocation

Luxury Homes

Bankruptcy

Review

Private Mortgage Insurance Removal

Estate Planning

Service Area:

  • Orange County: Orlando, Lake Nona, Windermere, Baldwin Park, Winter Park, Isleworth
  • Seminole County: Altamonte Springs, Longwood, Casselberry, Lake Mary
  • Osceola County: Kissimmee, St. Cloud, Celebration, Harmony, Poinciana
  • Lake County: Clermont, Eustis, Fruitland Park, Groveland

Common Approaches that an Orlando Appraiser May Use When Evaluating Your Property

Most of property purchases performed today are completed through secondary financing from traditional lending institutions. Because of the rising cases of foreclosure with tough economic times that have characterized the recent past, it has become a necessity that any property financed through traditional lending institutions should be appraised. Needless to mention, your appraisal report will only be accepted when you work with a state certified Orlando Florida Property Appraiser.

Basically, the lender is trying to establish that the property is worth the amount of money you wish to borrow, thanks to high liquidity risk in property assets and long-term home loans. The lender is further ensuring that should you default on paying back the loan, the market value of the property will be sufficient enough to sell and recover their investment.

If you are a first time homebuyer, it might be difficult to understand the ins and outs of property appraisal. The process of acquiring a loan on itself is often a tough and daunting one, always leaving many people confused on what to do. By working with an Orlando Property Appraiser recognized by the leading Appraisal servicer in the region, Sunbelt Appraisals, Inc, you can rest assured of the most accurate appraisal report. Remember that this is the report which will be used to underwrite the mortgage in question.

Our Orlando Appraisal Services approach

The following are some of the most common approaches your Orlando Property Appraiser is likely to use when conducting an appraisal.

Sales Comparison – this is the most common method of residential property appraisal used today. It also happens to the simplest of all approaches. It is whereby the property in question is compared to comparable properties that have been sold in the recent past in the subject's market area. The comparables can then be adjusted to develop an accurate value when they are difference between similar alternative properties in the market area of the subject.

Cost Approach – It is an approach your Orlando Property Appraiser will use to appraise a unique or newer property in an area where there are very few, if any, properties for comparison. This is where the appraiser assumes there will be an identical structure that will be built in the area and estimates the total cost of building the new structure. Since the costs will be based on the existing market prices i.e. labor and material costs at the time of appraisal, the actual value of the property in question will be established once depreciation expenses are deducted. The Marshall & Swift cost data can assist with this analysis.

Income Approach – this is often recommended by experts when coming up with a report of an income-generating property. Your Orlando appraiser simply collects data of the monthly rent of the property in question and compiles an accurate estimate of the property value based on a set of assumptions. Comparable properties in the area will be used to determine capitalization rate, rental growth rate, depreciation rate and a million and one other expenses related to the purchase and sale of an income generating property.

FHA Approved!

 

Orlando Appraisal

Cert Res RD5226

Click Here to Print Our Order Form

Today's Rates

Mtg Loan Rate APR
30-yr Fixed 3.56% 3.68%
15-yr Fixed 2.83% 2.98%
1-yr Adj 2.74% 3.4%
* national averages