Frequently asked questions

Got Questions? Our FAQ Section Has the Answers You Need.


  • An appraisal is an opinion of the value of a property, conducted by a professional appraiser. The appraisal considers factors like the property's location, size, condition, comparable sales, and market trends. It’s commonly used in real estate transactions to determine the market value for the purpose of buying, selling, or financing a property.

    In short, it’s a professional estimate of a property’s value based on various objective and market-driven factors.


  • An appraisal is essential in many real estate situations, whether you're buying, selling, refinancing, or dealing with a legal or financial matter. Here’s why getting an accurate, professional appraisal is crucial:

    1. For Mortgage and Financing Purposes:
      Lenders require an appraisal before approving a loan or refinancing. The appraisal ensures that the property is worth the amount being borrowed and protects the lender’s investment.

    2. When Buying or Selling a Property:
      Whether you’re purchasing or selling a property, an appraisal provides an unbiased opinion of its market value. This helps sellers set a competitive listing price and ensures buyers are making a fair investment.

    3. For Estate and Tax Planning:
      An appraisal is often necessary for estate planning, tax assessments, and inheritance purposes. It ensures properties are valued correctly for tax calculations and asset distribution.

    4. Divorce or Settlement Cases:
      In divorce proceedings, an accurate appraisal helps divide property fairly. It provides both parties with an impartial valuation, which is essential for negotiating a fair settlement.

    5. For Property Tax Appeals:
      If you feel your property taxes are too high, an appraisal can serve as evidence in a tax appeal. It helps to show whether your property’s assessed value is accurate and fair.

      Our Appraisal Services

      At Gulf Stream Residential Appraisal, we specialize in various types of appraisals to meet your specific needs. Whether you're preparing for a property purchase, refinancing, or legal matters, our certified appraisers provide accurate, reliable, and timely appraisals for all situations.

      Explore our services to find the right appraisal for you:

      • FEMA 50% Rule Appraisals: If your property is in a flood zone, our FEMA-compliant appraisals ensure you're meeting regulations.

      • Divorce and Estate Appraisals: Fair and unbiased appraisals for equitable property division and estate planning.

      • Pre-Purchase and Pre-Listing Appraisals: Accurate property valuations for home buyers and sellers to make informed decisions.

      • Property Tax Appeal Appraisals: Help reduce your property taxes with an accurate and comprehensive valuation.

      Learn more about our services and how we can assist you with your real estate needs.


  • The on-site inspection typically takes 30 minutes to 1 hour. Depending on the property’s size and complexity the site visit could last longer.

    The entire process, from inspection to report delivery, usually takes 3-5 business days. This times can vary based on demand.


  • To help ensure an efficient process, please:

    • Make sure all areas of the property are accessible, including basements (if existing), attics, garages, and storage areas.

    • Gather any relevant documents, such as recent renovation records or property surveys.

    • Ensure pets are safely secured to avoid any disruptions.


  • When the appraiser arrives, there are a few key steps you can take to ensure a smooth and efficient appraisal process. Here’s what to expect and how to prepare:

    1. Greet the Appraiser and Provide Access to the Property
      The appraiser will need access to both the interior and exterior of the property. Ensure that all areas of the home are accessible, including attics, basements, garages, and any other spaces that may impact the property's value.

    2. Provide Relevant Documentation
      If applicable, have any relevant documents ready for the appraiser, such as:

      • Recent renovation or repair receipts.

      • Property surveys or floor plans.

      • Documents on upgrades like new flooring, roofing, or energy-efficient items.

      This will help the appraiser consider these improvements during their evaluation.

    3. Point Out Unique Features and Upgrades
      If you’ve made any recent improvements, be sure to highlight them to the appraiser. This could include custom finishes, energy-efficient upgrades, or additional structures such as sheds or guesthouses.

    4. Give the Appraiser Space to Work
      While the appraiser may have questions, it’s important to give them space to do their work. They’ll measure the property, take photos, and make notes. Try to avoid being overly involved in the inspection process unless they need clarification.

    5. Ask Questions After the Inspection
      If you have any questions about the process or what to expect next, feel free to ask once the appraiser has finished the inspection. They’ll be happy to clarify anything about the next steps.

  • The cost of an appraisal varies depending on the property type, size, and location. We offer competitive rates and will provide a clear quote before the process begins.


  • Typically, the appraiser’s client pays for the appraisal.

    However, the payment responsibility can vary depending on the terms of the assignment.


  • Appraisers can use a combination of methods, including the sales comparison approach, cost approach, and income approach to value.

    Most typically appraisers analyze recent sales of similar properties, market conditions, and property features to arrive at an opinion of value.