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The Appraisal Process

Appraisal Process
The appraisal process includes the research, compilation and analysis of all pertinent data as it relates to your specific requirements. Gillis Real Estate Appraisal , LLC provides several types of reports on standardized forms.

Interior Inspection

A list of all updating and defects are objectively analyzed and compiled in a detailed written report.

Property Condition

Includes the specifics of construction, property layout, number of rooms and specific features, sight amenities, improvements and renovations.

Neighborhood and surrounding areas

An assessment is made on a property's proximity to services, facilities and amenities as they may (or may not) relate and affect its market value.

Cost Approach

Since the market obviously relates to cost, this approach takes into account and analyzes market trends as defined by two specific elements: Land value and land improvements, minus depreciation.

Sales Comparison

In its most preferred form, this approach is built on the premise that the market value of a property is partly derived and comparable to surrounding properties. Most appraisals are based on this approach to value.

Property Classification

Public records and MLS data are analyzed to confirm sales and make comparisons in SLO County and Southern Monterey County serving San Antonio Valley. A range of public records and sources are used including zoning records, tax data, professional associations and other applicable publications.