Wausau Land Appraisal
Vacant Lot Appraisal and Agricultural Land Appraisals
- For any financing and/or real estate transaction
- To settle an estate
- To determine the property value when selling your property
- To assist you with buying a property at a fair market price
- To settle legal disputes
- And many more!
For answers to your questions about real estate valuation, please call us for more information.
What is in an appraisal report?
Depending on the type of report an appraisal contains:
Who hires an appraiser?
Appraisers are frequently hired by lenders to establish the market value of a property for a loan transaction to ensure that the property is valued in the amount of the requested loan. Lawyers and accountants frequently hire appraisers to help determine property values in the course of divorce and estate settlements. The general population may hire appraisers for many personal reasons, including partnership interests, estate situations, or others.
Real estate appraisal vs real estate inspection?
A Phillips Valuation & Consulting appraiser does not provide a home inspection but performs a third party observation of all accessible facets of a property including structure and amenities, from roof to foundation and surrounding areas for the purposes of determining its value on the open market.
How do appraisers get information?
The data used in an appraisal report can be what is termed “Specific” or “General” and is gathered from Multiple Listing Services (MLS), tax records, private data subscription services, and a range of other public documents and records. The appraiser compiles the data and comparative studies in combination with additional standard methods of analysis.
What standards must an appraiser follow?
All Phillips Valuation & Consulting appraisers must ensure that the following items are covered:
- Proper analysis and inclusion of all reported information.
- That no major errors of omission or commission were committed by an individual or group.
- That all appraisal services were carried out in a competent manner.
- That the final report is easy to understand and complete.
All certified appraisers must meet extensive requirements. Phillips Valuation & Consulting appraisers are licensed to provide qualified reports under the Uniform Standards of Professional Appraisal Practice (USPAP).