Appraisal Services
Welcome to M.L. Appraisals. We are a real estate appraisal firm with
local expertise devoted to providing valuation and consulting services
through analytic discipline and a team approach. Appraisals have
determined market, tax, insured and lost values; involving legal questions,
rights of ownership, easements, divorce and estates on unusual and
multi-million dollar properties. We provide Residential Appraisal Services
and Interactive Floor Plan Services to Lenders, Homeowners, Sellers,
Buyers, Real Estate Professionals and Attorneys in the Suffolk, Middlesex,
Essex, Worcester and Norfolk counties of Massachusetts.
Our level of services is superior and includes quick turn-around time, precise reporting, and excellent communication. We focus on Residential Appraisal work including single family homes, multi family homes, condos, settlement disputes, estate planning, divorce, and PMI removal. Additionally, we offer Interactive Floor Plans - Virtual Tours , a unique and highly interactive Real Estate marketing tool that will augment the marketing efforts of Real Estate professionals, FSBOs, Builders, and Marketers. You will not find a higher level of service in the appraisal field or a more unique tool for marketing Real Estate.
What is an Appraiser / Appraisal ?
An appraiser is a professional person who can tell you what your home is worth. The appraiser will come to your house and list the number and size of the rooms and any extras, such as a fireplace, porch, pool, or garage. The appraiser will draw out a floor plan of your home. The appraiser will compare your home and property to other homes that have sold recently, preferably within the past 6 to 9 months, with similar features. The appraiser then estimates that your home might sell for approximately the same amount of money as similar homes. This is called an "appraisal."
An appraisal is an opinion of value or the act or process of estimating value. It is very different from a home inspection which will warn you against anything in the new home that should be fixed. A home inspection must be conducted by a qualified home inspector.
This opinion of value is derived by using one, two or all three common approaches. These approaches are the comparison approach, cost approach and income approach.
The three basic appraisal methods of arriving at an indication of value:
- The Direct Comparison Approach
- is based on the theory that an informed purchaser would pay no more for a property than the cost of acquiring another existing and equivalent property. The value estimate is based on the selling price and listings of comparable properties. The comparison approach is by far the most relied upon approach.
- The Cost Approach
- estimates the cost to build a new building identical to the subject being appraised, at current prices, subtracting accumulated depreciation and adding the estimated land value
- The Income Approach
- relates to income-producing property and is based on the theory that value is the present worth of the income stream which the property is capable of producing when developed to its highest and best use. The net operating income from the property is capitalized into value by an appropriate method and rate.
To arrive at a final estimate of value, the appraiser selects the value indicated by the approach most appropriate for the property and supported by the most reliable, factual and relevant market data, which has been analyzed and verified
Marie prides herself in being a self-motivated and organized professional
with strong time management skills that result in the quick turn-around
times for delivery of high quality services.