What is an appraisal?

A home purchase can be the most serious investment most of us may ever encounter. Whether it's a main residence, an additional vacation property or a rental fixer upper, the purchase of real property is a detailed transaction that requires multiple parties to pull it all off.


Most of the people participating are quite familiar. The real estate agent is the most familiar face in the transaction. Next, the lender provides the financial capital required to finance the transaction. Ensuring all requirements of the exchange are completed and that the title is clear to pass from the seller to the purchaser is the title company.

So what party makes sure the property is consistent with the purchase price?   In comes the appraiser.   We provide an unbiased opinion of what a buyer could expect to pay - or a seller receive - for a parcel of real estate, where both buyer and seller are informed parties. A professional Florida licensed appraiser from Classic Valuations, Inc. will ensure you as an interested party are informed.

The inspection is where an appraisal starts



Cost Approach


Paired Sales Analysis


  • For example, if the comparable property has an irrigation system and the subject doesn't, the appraiser may subtract the value of an irrigation system from the sales price of the comparable.

Valuation Using the Income Approach

A third method of valuing approach to value is sometimes applied when an area has a measurable number of renter occupied properties. In this situation, the amount of revenue the property yields is taken into consideration along with income produced by neighboring properties to give an indicator of the current value.

