Residential Real Estate Appraisals

Residential Real Estate Appraisals

The Ambrose Group has been a trusted provider of timely, credible appraisals and real estate services across the Houston metroplex since 1994. Our residential real estate appraisal services offer accurate, market-driven valuations to support buying, selling, refinancing, and investment decisions. With a dedicated team of certified appraisers, we ensure appraisal orders stay on schedule and meet lender and regulatory requirements. Whether purchasing a home, investing in property, managing an estate, or navigating other real estate transactions, we provide the reliable data needed for confident, informed decisions.

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Residential Real Estate Appraisals

The Residential Appraisal Services

Our experts have been valuing residential properties for 40 years. We have covered the spectrum of the appraisal industry and have gained the knowledge to value real estate accurately. Our comprehensive residential appraisal services include:

  • Single Family (all approaches)
  • FHA Appraisals
  • Exterior Only
  • Condominiums and Townhomes
  • Manufactured Homes
  • Land (lots to acreage)
  • Sketch Only
  • Rural Properties
  • 2-4 Multi-Family
  • REO Properties
  • Desktop Review
  • Field Review
  • Retrospective Appraisals
  • Recertification of Value
  • Final Inspection
  • Mortgage Appraisals
  • Probate Appraisals

We utilize advanced software and subscriptions to ensure accurate and comprehensive appraisals:

  • Software: Total by Alamode (CoreLogic), Datamaster, Filemaker
  • Subscriptions: MLS, CoStar, ALN, Marshall & Swift

Why Choose The Ambrose Group?

The Ambrose Group stands out as a trusted real estate company for several compelling reasons:

  • Experience and Expertise: Our certified appraisers bring decades of experience and deep knowledge to every valuation.
  • High-Quality Standards: We ensure unbiased, dependable valuations by adhering to the highest industry standards.
  • Cutting-Edge Technology: Using advanced technology, we deliver timely, efficient appraisals with streamlined processes.
  • Client-Centric Approach: We prioritize client satisfaction through clear communication and transparency throughout the process.
  • Comprehensive Services: We provide complete valuation services for both commercial and residential properties.
Stock Aerial Image Of A Residential Neighborhood

The Ambrose Group Process

Engaging in an assignment is a time-sensitive issue, and we have gained our client’s trust by clearly communicating, on a daily basis, every step of the appraisal process. Our comprehensive process ensures that each appraisal is thorough, precise, and tailored to meet your specific needs.

Determine the Scope of Work

We begin by understanding the purpose of the appraisal—whether it’s for buying, selling, refinancing, or legal matters. The scope is tailored to meet specific requirements, property types, and appropriate appraisal methods.

  •  Property Inspection
    Our certified residential appraisers visit the site to assess both interior and exterior conditions, including structural integrity, layout, and improvements. We capture detailed photos and measurements to ensure accurate valuation.
  • Data Collection
    We gather property details such as size, age, layout, and features. This is followed by a thorough market analysis of the property’s area, including neighborhood trends and economic factors that influence property values.

Evaluation & Analysis

  • Sales Approach: We compare recent sales of similar properties, adjusting for differences to determine market value.
  • Cost Approach: We calculate land value and replacement costs for improvements, adjusting for depreciation.
  • Income Approach: For income-producing properties, we estimate value using net operating income, market rent, and capitalization rates (if applicable).
  • Valuation Process: Market value is determined by combining the sales, cost, and income approaches. Adjustments are made to ensure accuracy, and when multiple approaches are valid, an average is applied.
  • Report Preparation: A comprehensive report is prepared, including an executive summary, property analysis, and valuation conclusion. The report undergoes rigorous internal review to ensure accuracy and compliance with industry standards.
  • Delivery & Client Communication: The final appraisal report is delivered on time. We offer support to explain the findings and answer any client questions. Ongoing support is available for additional needs or follow-up inquiries.
Elegant Middle Class Home With Beautiful Landscaping And Suburban Gothic Architecture In Balcones Lake, Texas, Featuring White Trim, Beige Walls, Red Brick Accents, And Lush Greenery

FAQ About Residential Real Estate Appraisals

What is a residential appraisal?
A residential appraisal is an evaluation of a home’s market value conducted by a certified appraiser, considering factors like market trends, property conditions, and comparable data.
Why are residential appraisals important?
Residential appraisals are crucial for lenders, buyers, and sellers to make informed decisions regarding buying, selling, or refinancing homes.
How long does a residential appraisal take?
The duration of a residential appraisal varies, but it typically takes between one to two weeks, depending on the property’s complexity and the company’s workload.
What factors are considered in a residential appraisal?
Factors include the property’s location, condition, size, market trends, recent sales of comparable properties, and any improvements made to the property.
How is a residential appraisal different from a commercial appraisal?
Appraisal reports used for commercial properties focus more on income analysis, complexity of sales, thorough market analysis and neighborhood section. Residential appraisal reports, complex in their own right, primarily focus on personal dwellings occupied by owners.
Can I use a previous residential appraisal for a new transaction?
Lenders and other stakeholders generally require a recent appraisal, typically no older than six months, to ensure accuracy and relevance.
What qualifications should a residential appraiser have?
A residential appraiser should be certified or licensed, with knowledge of industry standards and regulations, as well as having experience in appraising similar property types.
How much does a residential appraisal cost?
Costs vary based on the property’s size, complexity, and location but typically are in the range from $300 to $600.
What is the role of regulatory guidelines in residential appraisals?
Regulatory guidelines ensure that appraisals are conducted ethically, accurately, and consistently, protecting the interests of lenders, buyers, and sellers.
How can I prepare for a residential appraisal?
By providing the appraiser with detailed information about the property, including any building floor plans, surveys, construction drawings, recent improvements or repairs, and ensuring the property is accessible.
What are residential property appraisal services used for?
Residential property appraisal services are used for purchasing, refinancing, equity assessment, tax value assessment, insurance requirement assessment, legal matters, selling properties, purchasing investment properties, and immigration asset value proof.

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