One of the most critical principles in real estate appraisal is ensuring that property comparisons are made on an 'apples to apples' basis. That means selecting comparable properties that closely match the subject home in terms of location, size, condition, amenities, and other key factors.
As noted by HousingWire, inaccurate comps can lead to inflated or deflated appraisals that affect buyer decisions, lender risk, and homeowner equity (source: https://www.housingwire.com/articles/45364-appraising-apples-to-apples/). The goal is to minimize adjustments by choosing the most similar homes available and understanding how minor differences impact value.
Spurgeon Appraisals explains that appraisers must look beyond square footage and bedroom count to evaluate elements like curb appeal, interior updates, and neighborhood influence (source: https://www.spurgeonappraisals.com/basic-appraisal-concepts/apples-oranges-and-comparable-sales). At Angel’s Appraisals, we pride ourselves on our detailed approach to selecting comps that reflect true market behavior—ensuring our clients receive accurate, fair valuations every time.
Learn more at https://www.angelsappraisals.com/
When it comes to residential real estate, few features are as desirable—or as complex to value—as a waterview. Properties with views of lakes, rivers, or the ocean often command a premium price, but appraising them accurately requires a nuanced understanding of market dynamics, environmental factors, and buyer perception.
According to Allstate Appraisal, homes with waterviews can vary dramatically in value depending on whether the view is unobstructed, partially obstructed, or seasonal (source: https://www.allstateappraisal.net/appraisals-and-water-frontage-what-you-need-to-know/). Other important factors include whether the property has direct water access, if the body of water is navigable, and the potential for flooding or erosion.
Appraise It Now emphasizes the importance of local comparables when appraising waterfront homes. Adjustments must be made based on the proximity to the water, elevation, and overall market demand in the area (source: https://www.appraiseitnow.com/blog/appraisals-for-waterfront-properties-assessing-coastal-and-lakeside-real-estate). At Angel’s Appraisals, we specialize in understanding the unique value drivers of waterview homes in Virginia and North Carolina. Whether you're buying, selling, or refinancing, trust us to deliver an accurate, honest valuation that reflects true market conditions.
For more information, visit us at https://www.angelsappraisals.com/