valuation in the Greater Houston area. We offer experienced, and top-level
valuations, performed with the highest ethical standards of qualifications.
Our senior appraiser has over 33 years of experience appraising residential properties in the Greater Houston area. Our appraisers are certified by the state of Texas, with a licence in good standing in the State of Texas.
How do We determine Property Value:
Research the market to obtain information pertaining to sales, listings, pending sales that are similar to the subject property.
Investigate the market data to determine whether they are factually correct and accurate.
Determine relevant homes of comparison, and develop a comparative analysis for each.
Compare the house being appraised to comparable home sales according to the elements of comparison and adjust as appropriate.
Reconcile the multiple value indications that result from the adjustment of the comparable sales into a single value indication.
With First Houston Appraisal you will receive a honest appraisal performed by a certified or licensed real estate appraiser, with the most accurate market value for your home or residential property. The average price of a Full Appraisal, Driveby Appraisal or Desktop Appraisal for a single family home, town-house or condominium is affordable and typically takes a week to complete.
Contact us for information about appraising your property and feel free to call with questions regarding the appraisal process. Post-Harvey valuation questions are welcome.
Ordering an appraisal is simple, easy and educate you about the real market valuation of your property.
Call us to (713) 416-4136, email us to brian@firsthoustonappraisal or click on "Send Us a Message" at the bottom of this page to submit your request.
How Residential Real State is Appraised?
Typically, home appraisers use the Sales Comparison Approach to determine current market value of your home. The Sales Comparison Approach involves collecting information on recently sold homes (ideally sales that have closed within the past 90 days) that are similar to the house that is being appraised.
We select comparable homes that are the most similar to the Subject property in terms of location, livable area (SqFt Under A/C), room count, age, condition, upgrades, site size, view (Lake, Golf Course, Ocean, Etc.) and amenities such as a pool and/or garage. We find these recently closed comparable sales by researching the M.L.S. also known as the Multiple Listing Service (This is the Realtors System used to list and sell real estate) and Tax Records. From this research, we narrow down the recently sold comps to a minimum of three sales that are the most similar to the property that is being appraised and put the comparable sales into the home appraisal report.
Positive and negative adjustments are made to the comparable sales for differences between them and the Subject (Such as for Condition, Upgrades & Livable Area). From this, we get the adjusted sales prices of the comparable sales and the appraiser reconciles these adjusted values to determine the final home appraisal value.