About Us

About Residential Appraisers Inc.

Our Certified Real Estate Appraisers

Welcome to Residential Appraisers, Inc.! With over 16 years of experience in the South Florida market, we are your trusted source for residential real estate appraisals in Miami-Dade and Broward Counties. Our dedicated team is led by Alexis Riveron (RD 6582), a certified appraiser with a bachelor’s in business and a Master’s in Public Administration.

At Residential Appraisers, Inc., we understand the importance of accurate valuations in the ever-changing real estate market. With our expertise and comprehensive knowledge, we provide reliable appraisals for a range of properties, including single-family homes, condominiums, and income-producing real estate.

Clara Riveron, Alexis’ wife, plays a crucial role in running our office and assists with appraisals, ensuring smooth operations and exceptional customer service. We take pride in delivering professional, timely, and detailed appraisal reports that meet the highest industry standards.

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Residential Appraisers Inc. By Alexis Riveron

We specialize in providing accurate market values for a wide range of properties, including:

  • Typical Single-Family Properties and Condo
  • UnitsNon-Typical Single-Family Properties and Condo Units (Luxury/High-End)
  • FHA Single-Family Properties and Condo Units
  • Vacant Lots
  • Duplexes
  • Triplexes
  • Fourplexes

Our expertise and experience allow us to deliver precise valuations for various property types. Trust us to provide you with comprehensive appraisal services tailored to your specific needs.

Frequently Asked Questions

An appraisal is a professional and unbiased evaluation of the value of a real estate property. It provides an informed opinion on what a buyer would be willing to pay or a seller would receive for the property. To ensure accuracy and reliability, individuals typically rely on licensed or certified appraisers who possess the necessary training and expertise.

A property appraiser is a qualified individual who is trained, certified, and/or licensed to assess the market value of a property. They gather market data from verified sales transactions within a specific market to analyze and determine the value of the subject property. Appraisers rely on their knowledge of the property being appraised and the relevant market data from both the immediate and competing markets. Their work adheres to the universally accepted standard of practice known as USPAP (Uniform Standards of Professional Appraisal Practice).

The appraisal report, which is a legally binding document, is created during the appraisal process. It outlines and supports the appraiser’s opinion of the market value of the property. This report serves as a contract between the appraiser and their client, providing crucial information and insights into the property’s value.

Appraisers play a crucial role in the real estate industry by providing objective and unbiased opinions of value for various properties. Here are some key tasks and responsibilities that appraisers typically undertake:

1. Property Valuation: Appraisers assess the value of residential, commercial, and other types of real estate properties. They analyze market data, property characteristics, and comparable sales to determine an accurate and fair market value.

2. Property Inspections: Appraisers conduct physical inspections of properties to gather information about their condition, features, and unique attributes. This on-site assessment helps in evaluating the property’s overall value.

3. Market Research: Appraisers research and analyze market trends, comparable sales data, and other relevant factors that impact property values. They stay updated on local market conditions, economic factors, and zoning regulations that may influence property valuations.

4. Report Preparation: Appraisers prepare comprehensive appraisal reports that document their findings, analysis, and final opinion of value. These reports adhere to industry standards and include detailed information about the property, market data, valuation approaches used, and supporting documentation.

5. Client Communication: Appraisers maintain effective communication with their clients, including lenders, homeowners, real estate agents, and attorneys. They may explain the appraisal process, answer questions, and provide clarification on their valuation conclusions.

6. Compliance and Ethics: Appraisers adhere to professional standards and ethical guidelines established by organizations such as the Appraisal Foundation and the Uniform Standards of Professional Appraisal Practice (USPAP). They ensure that their appraisals are unbiased, accurate, and conducted in accordance with industry regulations.

Overall, appraisers provide an objective and expert assessment of property values, helping buyers, sellers, lenders, and other stakeholders make informed decisions in real estate transactions.

There are several reasons why obtaining a professional appraisal is beneficial in various real estate scenarios:

1. Buying or Selling Property: When buying or selling a property, having a professional appraisal provides an unbiased and expert opinion of its market value. This helps both buyers and sellers make informed decisions, negotiate fair prices, and ensure that the transaction is based on accurate and reliable information.

2. Obtaining Financing: Lenders often require an appraisal before approving a mortgage or loan. The appraisal helps the lender assess the value of the property and determine the loan amount. It provides assurance that the property’s value supports the loan being requested.

3. Estate Planning and Probate: In estate planning or probate situations, a professional appraisal is essential to determine the fair market value of real estate assets. This ensures that the property is distributed or sold appropriately and in compliance with legal requirements.

4. Property Tax Assessment: Appraisals can be useful in challenging property tax assessments. If you believe your property is over-assessed, a professional appraisal can provide evidence to support your case and potentially lower your property tax liability.

5. Insurance Purposes: Appraisals help determine the replacement cost or insurable value of a property. This is crucial for obtaining accurate insurance coverage and ensuring that you are adequately protected in the event of damage or loss.

6. Investment Analysis: For real estate investors, appraisals provide valuable insights into the potential return on investment. They help assess the value of properties being considered for purchase, analyze market trends, and make informed decisions about investment opportunities.

Overall, a professional appraisal is essential for obtaining an unbiased and accurate assessment of a property’s value. Whether for buying, selling, financing, legal, or insurance purposes, an appraisal provides valuable information that helps individuals make informed decisions and protect their interests.

Appraisers gather information from various sources to determine the value of a property. Here are some common sources they rely on:

1. Property Inspections: Appraisers conduct physical inspections of the property being appraised. They assess its size, condition, features, and any unique characteristics that may affect its value.

2. Multiple Listing Service (MLS): Appraisers often access the MLS, a database used by real estate agents, to gather information on comparable properties (comps). They analyze recently sold properties that are similar to the subject property in terms of location, size, condition, and other relevant factors.

3. Public Records: Appraisers review public records, which include property tax records, building permits, zoning information, and recorded sales data. These records provide valuable information about the property’s history, ownership, and any recorded transactions.

4. Market Data Services: Appraisers utilize market data services that provide comprehensive data on recent sales, current listings, and market trends. These services help appraisers analyze market conditions, identify comparable properties, and determine the property’s value based on current market dynamics.

5. Interviews and Surveys: Appraisers may conduct interviews with property owners, real estate agents, or other relevant individuals to gather additional information about the property or the local market. They may also distribute surveys to collect data on specific aspects related to the property’s value.

6. Government Agencies: Appraisers may consult government agencies for information on zoning regulations, environmental issues, or any other factors that may impact the property’s value.

7. Professional Networks: Appraisers often collaborate with other professionals, such as real estate agents, brokers, and fellow appraisers, to gather insights and exchange information about the local market and specific properties.

By utilizing these various sources, appraisers gather comprehensive and reliable information to assess the value of a property accurately. This helps ensure that their appraisals are based on thorough research and analysis.

The duration of an appraisal can vary depending on several factors, including the complexity of the property, the availability of data, and the appraiser’s workload. However, here are some general guidelines for the time it may take to complete an appraisal:

1. Residential Property: For a typical single-family home or condominium, the appraisal process usually takes anywhere from a few days to a week. This includes scheduling the appraisal appointment, conducting the property inspection, gathering necessary data, analyzing market information, and preparing the final appraisal report.

2. Commercial Property: Appraising commercial properties is often more complex and time-consuming due to the larger size, unique features, and specialized uses. The appraisal process for commercial properties can take several weeks or even months, depending on the property’s complexity and the availability of data.

3. Property Type and Size: The type and size of the property can also affect the appraisal timeline. Appraising a small, straightforward property may be quicker compared to a large estate or a property with multiple buildings or units.

4. Appraiser Availability: The availability of appraisers in a particular area can impact the turnaround time. If there is a high demand for appraisals or a shortage of qualified appraisers, it may take longer to schedule and complete the appraisal.

5. Purpose of the Appraisal: The purpose of the appraisal can also influence the timeline. If the appraisal is needed for a time-sensitive transaction, such as a mortgage loan application, the appraiser may prioritize and expedite the process.

It’s important to note that these timeframes are general estimates, and the actual duration can vary in individual cases. Communication with the appraiser and understanding their timeline and workload can help manage expectations regarding the appraisal process.

There are several benefits to obtaining a professional appraisal for a property. Here are some key advantages:

1. Determining Market Value: An appraisal provides an unbiased and expert opinion of the property’s market value. This is crucial for both buyers and sellers to ensure that the property is priced accurately and fairly. It helps sellers set a realistic asking price and allows buyers to make informed offers.

2. Facilitating Real Estate Transactions: Appraisals play a vital role in real estate transactions, especially when financing is involved. Lenders often require an appraisal to ensure that the property’s value supports the loan amount. This helps protect both the buyer and the lender by ensuring that the property is not overvalued.

3. Negotiating Power: Appraisals provide valuable information that can be used during negotiations. For sellers, an appraisal can help justify the asking price and provide evidence of the property’s value. For buyers, an appraisal can be used to negotiate a lower purchase price if the appraised value comes in lower than the agreed-upon price.

4. Estate Planning and Probate: Appraisals are essential in estate planning and probate situations. They help determine the fair market value of real estate assets, which is necessary for estate tax calculations, equitable distribution among heirs, or settling an estate during probate.

5. Property Tax Assessment: An appraisal can be helpful in challenging property tax assessments. If you believe your property is over-assessed, a professional appraisal can provide evidence to support your case and potentially lower your property tax liability.

6. Insurance Purposes: Appraisals help determine the replacement cost or insurable value of a property. This is crucial for obtaining accurate insurance coverage and ensuring that you are adequately protected in the event of damage or loss.

7. Investment Analysis: For real estate investors, appraisals provide valuable insights into the potential return on investment. They help assess the value of properties being considered for purchase, analyze market trends, and make informed decisions about investment opportunities.

Overall, obtaining a professional appraisal offers numerous benefits, including accurate valuation, facilitating transactions, negotiating power, estate planning, property tax assessment, insurance coverage, and investment analysis. It provides a reliable and unbiased assessment of a property’s value, helping individuals make informed decisions and protect their interests.

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