Establishing Values
We are providing home appraisal valuations you can trust!
We are providing home appraisal valuations you can trust!
AAA Valley Appraisals, Inc. serves mortgage companies throughout the United States with top-notch professional real estate appraisal services. We are approved with most lenders and Coverage area "Santa Clara County Only, we will venture out to other counties depending on the demand in the market.
Serving the Santa Clara County community since 1997, we specialize in residential real estate appraisals, and our staff offers quality and reliable services you can count on. Additionally, our friendly and professional staff is available to address any questions you may have about our company or its services.
At AAA Valley Appraisals, Inc., our goal is to provide you with courteous, expedient, professional real estate home appraisal service of the highest caliber. All appraisals are performed in accordance with HVCC Compliance Guidelines. We are also FHA-approved.
Browse our website for more information about AAA Valley Appraisals, Inc. If you have any questions or would like to speak with a AAA Valley Appraisals, Inc. representative regarding our services, please e-mail us at aaavalley560@gmail.com or call us at (408) 373-5935. Open Monday through Friday, 8:30 a.m.- 5:00 p.m. Pacific Time.
At AAA Valley Appraisals, Inc., the client comes first. Real Estate Home Appraisals
Below is an overview of the qualifications and solutions AAA Valley Appraisals, Inc. provides. At AAA Valley Appraisals, Inc., we have served since 1997 and aim to provide the same convenient, quality service that has made us an industry leader.
If at any time, while you are browsing through our services section, you have a question related to any of our services, don't hesitate to call us at (408) 373-5935 or send us an email at aaavalley560@gmail.com
Karin Sztuk, Manager
UAD-compliant, FHA-approved license #CAAR025945, and Appraisal Port for Export available.
Retrospective (Historical date) & luxury home Appraisal Specialists.
Certified Real Estate Appraiser license #AR025945.
Reverse Mortgage style appraisals.
FHA
Financial Transactions
Estate Planning & Trusts
Appraiser E&O Insurance, LIA.
Aspen American Insurance Company.
Policy# AAI004944-10.
Real Estate Sales License# 01331439.
Lender Approvals
AAA Valley Appraisals, Inc. is approved with most lenders.
Professional Affiliations
National Association of Real Estate Appraisers
National Association of Review Appraisers & Mortgage Underwriters
CREA Certified Real Estate Appraiser, San Jose Real Estate Board
Service
Fee
1004 Full/UARR
$650.00 and up
UAD 3.6 Dynamic assignments
$750.00 and up
FHA Appraisal
$695.00 and up
Reverse Mortgage
$725.00 and up
Comparable Rent Schedule
Call
Retrospective (Date of Death)
Call
Condominium
Call
Cooperative 1075
Call
Fannie 2055 Drive By
Call
Fannie 2055 Full
Call
Fannie 2065 Drive By
Call
Fannie 2065 Full
Call
Fannie 2075
Call
Freddie 2055 Drive By
Call
Freddie 2055 Full
Call
Freddie 2070 Drive By
Call
Freddie 2070 Full
Call
Operating Income Statement
Call
Recertification of Value
Call
Fees are approximate and may be higher for high-end or complex properties. All appraisals are performed within HVCC Compliance and Guidelines.
Please review the following policies:
There may be an approximate minimum $50.00- $150.00 up charge, on cancellation orders after they officially placed and accepted. Please note that the appraisal process starts when the appraisal is accepted.
NOTE: If the lender requests additional photos and comparables, an additional fee will apply, since this will constitute extra work beyond the standard scope of an appraiser and is considered an addendum.
Terms of Use
Welcome to the AAA Valley Appraisals, Inc. website (“the site"). By accessing this Site, you agree to be bound by the terms and conditions below (the "Terms"). If you disagree with all of the Terms, please do not use the Site. AAA Valley Appraisals, Inc. may from time to time modify or revise the Terms by updating this Web page. Your use of our Site following any such change constitutes your agreement to follow and be bound by the Terms as changed. If any change is unacceptable to you, your only recourse is to terminate your use of the Site.
Privacy
It is our policy to respect the privacy of individuals who visit the Site or provide Comments to us. Our privacy policy (the "Privacy Policy"), which you may view at http://www.aaavalleyappraisals.com/, is incorporated herein by reference. By accepting these Terms, you expressly consent to the use and disclosure of your personally identifiable and other information as described in the Privacy Policy.
Miscellaneous
These Terms are governed by and shall be construed in accordance with the laws of the State of California without giving effect to any principles of conflicts of law. If any provision of these Terms shall be unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from these Terms and shall not affect the validity and enforceability of any remaining provisions. These Terms are effective unless and until terminated by AAA Valley Appraisals, Inc.
An appraisal is an estimation of the value of a property, such as real estate, a business, a collectible, or an antique, by the estimate of an authorized person. The authorized appraiser must have a designation from a regulatory body governing the appraiser's jurisdiction. Appraisals are typically used for insurance and taxation purposes or to determine a possible selling price for an item or property. In many cases, lenders require home appraisals before approving mortgages.
A home appraisal is a licensed appraiser's estimate of a property’s value. Whether you’re buying, selling, or refinancing a home, an appraisal is typically an important part of the process because the results can affect the borrower’s ability to receive a loan. Most lenders require a home appraisal to ensure the borrower isn’t taking out a loan for more than the property is worth. You’ll want the appraisal to come back at or above the loan amount to qualify for a mortgage. The appraisal will also show you’re making a good investment.
Here is a general list of what affects a home appraisal:
Our first responsibility at AAA Valley Appraisals is to inspect the property to determine its true status. We must physically see aspects of the property, such as the number of bedrooms and bathrooms, the location, amenities, etc., to ensure they exist and are in the condition a typical person would expect. To ensure the stated square footage is accurate and to convey the layout of the house, the inspection often includes creating a sketch of the floor plan. Most importantly, the appraiser looks for any obvious features - or defects - that would have an impact on the value of the property.
What Is an Appraisal?
An appraisal is an independent, professional opinion of a property’s value prepared by a licensed or certified appraiser. Appraisals are commonly used for mortgage lending, refinancing, property sales, taxation, insurance, estate planning, and other financial or legal purposes.
For mortgage transactions, lenders typically require an appraisal to confirm that the property provides adequate security for the requested loan. The appraised value can affect the amount a lender is willing to finance. An appraisal also gives buyers, sellers, and property owners an informed, objective assessment of the property’s market value.
Factors That May Affect a Home Appraisal
An appraiser may consider several property and market characteristics, including:
• The home’s living area and overall square footage
• The number of bedrooms and bathrooms
• The property’s age, condition, and quality of construction
• The materials and finishes used throughout the home
• The lot size, use, and applicable zoning restrictions
• Permanent improvements, including roofing, flooring, and windows
• Deferred maintenance, damage, or defects
• Additional amenities and distinctive features
• Recent sales of comparable properties
• The property’s location and nearby amenities
• Current local real estate market conditions
Property Inspection
The first step in the appraisal process is a physical inspection of the subject property. The appraiser observes and documents relevant characteristics, including the property’s location, layout, condition, amenities, and number of bedrooms and bathrooms.
The appraiser may also measure the property and create a floor plan sketch to verify the reported living area and document the home’s layout. During the inspection, the appraiser identifies visible features, improvements, maintenance concerns, or defects that may affect the property’s value.
Developing an Opinion of Value
After inspecting the property and gathering the necessary information, the appraiser analyzes the available market data. Depending on the property type and intended use of the appraisal, one or more of the following valuation methods may be applied:
• Sales Comparison Approach
• Cost Approach
• Income Approach
Cost Approach
The cost approach estimates the amount required to reproduce or replace the property’s improvements using current construction costs, labor rates, materials, and other relevant factors. The appraiser also considers depreciation and the estimated value of the land.
This approach can be particularly useful when evaluating newer, unique, or specialized properties with limited comparable sales data.
Sales Comparison Approach
Appraisers develop extensive knowledge of the neighborhoods and markets in which they work. Under the sales comparison approach, the appraiser researches recent sales of properties that are similar to the subject property.
Because no two properties are exactly alike, the appraiser analyzes differences between the subject property and each comparable sale. Adjustments may be made for characteristics such as:
• Living area
• Number of bedrooms and bathrooms
• Property condition
• Renovations and upgrades
• Flooring and finishes
• Energy-efficient features
• Patios, porches, and outdoor improvements
• Garages, storage areas, and other amenities
For example, if a comparable property has an additional half bathroom that the subject property does not have, the appraiser may adjust the comparable property’s sale price downward. If the subject property has an additional half bathroom that the comparable property does not have, an upward adjustment may be appropriate.
After analyzing and adjusting the comparable sales, the appraiser reconciles the available data to develop a supported opinion of the subject property’s market value. For many residential appraisals, the sales comparison approach is given significant consideration.
Income Approach
The income approach may be used for income-producing properties, such as rental homes or investment properties. This method considers the income the property may generate and compares it with market rents, operating expenses, and other relevant information from similar properties.
The appraiser analyzes this information to determine how the property’s income-producing potential contributes to its value.
Back at the office, we use two or three approaches when determining the estimated value of the property: a sales comparison, a replacement cost calculation, and an income approach when rental properties are prevalent.
Here, we use information on local construction costs, labor rates, and other factors to estimate how much it would cost to replace the property being appraised. This figure usually sets the upper limit on what a property would sell for. It's also the least used method.
Appraisers are intimately familiar with the neighborhoods in which they appraise. We innately understand the value of certain features to the residents of that area. Then, the appraiser looks up recent transactions in the neighborhood and finds properties that are 'comparable' to the real estate being appraised. By assigning a dollar value to certain items such as remodeled rooms, types of flooring, energy-efficient items, patios and porches, or extra storage space, we adjust the comparable properties so that they more accurately match the features of the subject property.
After accounting for all differences, the appraiser reconciles the adjusted sales prices of all the comps and then derives an opinion of what the subject could sell for. The sales comparison approach to value is most often awarded the most weight when an appraisal is for a home exchange.
In the case of income-producing properties - rental houses, for example - the appraiser may use an additional way of valuing a property. In this case, the revenue the property yields is factored in with rents from comparable properties in the area to determine current value.
Files coming soon.
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