How it Works
- 01
Research
Once an appraisal has been ordered, our staff will begin to research recorded information regarding the subject property. Golden State Appraisals, Inc. maintains access to numerous specialized data bases in order to obtain property information and data. Potential comparable properties are identified for further investigation. The research process is on-going and continues throughout the entire appraisal process up until the time the assignment is complete.
- 02
Inspection
A physical inspection of the property is scheduled at the time of order. Golden State Appraisals, Inc. offers appointments 7 days a week, for your convenience in scheduling. Our office staff will be happy work with you to ensure you secure an appointment that works best for the scheduling concerns of all parties involved. The physical inspection generally takes anywhere from 20 minutes to 1 hour, depending on the size and condition of the property being inspected. Usually a full inspection is requested for the purposes of marriage dissolution settlements. This type of appraisal required the appraiser to take measurements, a view, photograph and document all components of the property, both exterior and interior. We also offer exterior-only or "drive-by" appraisals, for those assignments that do not require the full inspection.
- 03
Report
The appraiser's findings and photographs are input into an appraisal report, specifically designed and formatted for the type of assignment completed. A detailed market analysis is conducted, and important documentation such as location mapping, plat maps, and appraiser sketches are added into the report, with the aid of cutting edge software. The report is delivered electronically to our client, via emailed PDF, upon completion. A hard copy may be requested at no additional charge. Typically, a report is completed 24-72 hours after the inspection.
- 04
Testimony
Expert testimony is testimony given in relation to some scientific, technical, or professional matter by experts, i.e. persons qualified to speak authoritatively by reason of their special training, skill or familiarity with the subject. Expert testimony may be requested from the appraiser to explain his/her opinion of value determined by the appraisal report. Sometimes all that is required is a signed and dated disclosure from the appraiser. Other times, the appraiser's testimony may be used to clarify issues, or even challenge assertions made by another party regarding the value of real estate in question. In either case, the professional, appraisers at Golden State Appraisals, Inc. are available to follow-up and provide whatever is needed to support their findings.
All Golden State Appraisals, Inc. appraisers are experienced and comfortable in a courtroom setting, and are able to present their findings in a professional and clear manner. We conduct ALL appraisals as if they are going to be presented in court, so that you are guaranteed of a professional, legally-defendable opinion of value. Our office is aware of the time constraints involved when the legal systems and courts are involved, and we will work with you and your attorney or CPA to ensure reports are completed in a timely manner. Expert witness testimony is based on an hourly fee rate, available upon request and as needed.
