Amarillo Appraisal
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The preparation of the appraisal generally begins with an interior and exterior inspection of the building and property. The appraiser looks for assets and detriments that the real estate offers by viewing the property with an objective/non bias eye.

The appraiser also makes an assessment of the neighborhood and surrounding area, noting the location of amenities which may be important to the average home owner and/or buyer. In some cases these same items may be a detriment to the property based on there proximity to the subject. Residential properties that are too close to non residential properties may be viewed as less desirable by the typical purchaser, and reflected as such in the appraisal report.

When all the data has been gathered it is used to make a Highest & Best Use Analysis of the subject property. Never the less it is part of the appraisal process. The data collection, focuses on the three approaches to value. These approaches to value are the Cost Approach, the Income Approach, and the Market Data Approach. Not all three approaches to value are relevant in each appraisal assignment. Depending upon the assignment, the appraiser may choose not to use one or more of these approaches.

In the final stages of the appraisal process, the appraiser analyzes and adjusts the data collected. The appraiser reconciles the three approaches to value, giving greatest weight to the approach considered most appropriate for the property being appraised. If more than one approach to value is used in the appraisal report, each approach generally indicates a value that is reasonably close to the other approaches. After the report is finished a review of all appraisal reports are reviewed by a senior appraiser to check for consistency, accuracy, clarity and conformity to appraisal guidelines/regulations.