Appraisal Charlotte NC

What is a Real Estate Appraisal in Charlotte, NC?

Order Appraisal Charlotte NC

Mecklenburg County is one of the fastest growing counties in North Carolina. This area has experienced a tremendous amount of growth. Property Appraisers in NC consider the principle of competition that says when the supply of property in the market place is low relative to the demand for such properties, creating excess profits for present property owners, the result is to attract more properties to the market place. If only a few properties are available in Union, NC those properties will command a much higher price than if there were many properties for sale.





A real estate appraiser located in Charlotte, NC may also consider the principles of conformity, progression and regression. In general, particular in residential areas of single-family houses in the area, buildings should follow the principle of conformity; that is, they should be similar in design, construction, age, condition, and market appeal to other homes in the neighborhood.





Nonconformity in Mecklenburg, NC may work to the advantage or disadvantage of the owner of the nonconforming property. A home appraiser in Cabarrus, North Carolina, describes progression, as “a house that has not been well maintained but is located in a neighborhood of well kept homes will benefit from the overall good impression created by the neighborhood and its probable desirability”. Regression is the exact opposite. Valuation Experts are FHA approved, and State Certified.


For example, a mansion home in Charlotte, NC that has been meticulously maintained but is in a neighborhood of homes that have not received regular repair will suffer from the generally unfavorable impression created. A home located in Union, NC on a small lot may benefit if the majority of the homes are located on much bigger lots. An appraiser must analyze all information that is readily available. FHA appraisers in Mecklenburg County, NC also consider several factors that affect the marketability of the subject property. A lender will ensure that an appraiser located in NC is a FHA Charlotte approved appraiser. Copyright 2007-2008. Valuation Experts, Inc. All rights reserved.