Resources to Help You Understand the Appraisal Process

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FAQs

Have Questions About the Appraisal Process? We’ve Got Answers.

Below are some of the most common questions we receive about residential real estate appraisals. If you don’t see your question here, feel free to reach out—we’re always happy to help.

  • A residential real estate appraisal is a professional opinion of a property’s market value. It’s typically used to help homeowners, attorneys, or financial professionals make informed decisions during divorces, estate planning and settlement, private sales, or mortgage financing.

  • We provide appraisals for 1–4 unit residential properties, which includes single-family homes, multi-family residences, and condominiums. We also have experience with luxury homes, waterfront properties, and unique or complex properties.

  • A professional real estate appraisal report includes a detailed property analysis, recent comparable sales, neighborhood market trends, and a final opinion of value.

  • The cost of a residential appraisal depends on the property type, location, and scope of the assignment. Contact us for a quote—we're happy to provide clear, upfront pricing.

  • Yes. We frequently provide divorce appraisals and estate/probate appraisals for legal professionals and families.

  • Absolutely. We offer property tax abatement appraisals to help homeowners challenge assessed property values. An accurate, independent appraisal can support your case for a tax abatement.

  • Yes, we provide appraisals for new construction and proposed properties, including builder plans and specifications, with analysis based on the local market and comparable sales.

  • We proudly serve Eastern Massachusetts, including Middlesex, Essex, Suffolk, and Norfolk counties, as well as southern New Hampshire towns within a 25-mile radius of Reading, MA. Our deep knowledge of these local markets allows us to deliver more accurate valuations.

Still Have Questions?

We’re here to help. Reach out today and let us walk you through the appraisal process.

GLOSSARY

Understanding Real Estate Appraisal Terms

Here’s a quick guide to common terms you may hear during the residential appraisal process. These definitions are designed to help you feel informed, confident, and prepared.

  • An appraisal is a professional opinion of a home’s market value, prepared by a licensed residential real estate appraiser. It’s typically used in divorce proceedings, estate planning, tax appeals, private sales, and mortgage lending.

  • A Certified Residential Appraiser is a licensed professional qualified to provide real estate appraisals for 1–4 unit residential properties.

  • Comparable sales, often called “comps,” are recently sold properties ideally in the same area that are similar in size, condition, and features. They’re used to determine your home’s fair market value.

  • Fair Market Value is the estimated price a property would sell for on the open market.

  • An FHA appraisal is a specific type of appraisal required for FHA-insured loans, which includes both a valuation and a basic property condition inspection to ensure the home meets HUD safety and livability standards.

  • Also known as a drive-by appraisal, this is a limited-scope appraisal that includes an evaluation of the property based on external observation and public records, without an interior inspection. Often used for refinances or low-risk lending.

  • As-is value refers to the current market value of a property in its existing condition, without repairs or improvements.

  • An estate or probate appraisal is performed to determine the fair market value of a home at the time of a property owner’s death. It’s often used by attorneys and families for tax reporting and asset distribution.

  • A divorce appraisal provides a valuation of a property to ensure equitable division during divorce proceedings. It’s a critical tool for attorneys, courts, and financial planners involved in family law.

  • These appraisals are for homeowners or real estate agents who want a third-party valuation before listing a property or negotiating a private sale. It helps set the right price with confidence.

Contact Us

We’re here to help with property valuations you can trust.

Whether you're ready to schedule an appraisal or just have a few questions, we’re happy to help. We provide residential real estate appraisals for homeowners, attorneys, accountants, lenders, investors and real estate professionals throughout Eastern Massachusetts and Southern New Hampshire.

You’ll always get prompt replies, personal service, and clear communication—from start to finish.

Prefer to connect directly? Reach out anytime for immediate inquiries.

Phone: 617-970-1220

Email: cheryl@cam-appraisals.com