General Appraisal Information

Appraisals and valuation can be confusing for people outside the real estate business. We are committed to serving the public in the most professional manner possible. This section serves to help answer your questions about appraisals and the valuation process.

What is an appraisal?

An appraisal is a professional appraiser’s opinion of value. The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience and professional judgment of the appraiser.

What is the role of the appraiser?

The role of the appraiser is to provide objective, impartial and unbiased opinions about the value of real property - providing assistance to those who own, manage, sell, invest in and/or lend money on the security of real estate.

How do well-credentialed appraisers add value to real estate transactions?

They bring knowledge, experience, impartiality and trust to the transaction. In so doing, they help their clients make sound decisions with regard to real property.

What are the components of an appraisal report?

Most appraisals are reported in writing, although in certain circumstances, an appraiser may provide an oral appraisal. A written appraisal report generally consists of a description of the property and its locale, an analysis of the “highest and best use” of the property, an analysis of sales of comparable properties “as near the subject property as possible,” and information regarding current real estate activity and/or market area trends.

What are the most important considerations in the valuation of real property?

The value indicated by recent sales of comparable properties, the current cost of reproducing or replacing a building, and the value that the property’s net earning power will support are the most important considerations in the valuation of real property.

What is the range of services appraisers provide?

In addition to standard appraisal reports, a certified apprais may provide some or all of the following services:

  • Estate planning and estate settlements
  • Tax assessment review and advice
  • Advice in eminent domain and condemnation property transactions
  • Dispute resolution—including divorce, estate settlements, property partition suits, foreclosures, and zoning issues
  • Feasibility studies
  • Expert witness testimony
  • Cost/benefit or investment analysis, for example, determining the financial return on remodeling
  • Land utilization studies
  • Supply and demand studies

When hiring an appraiser, what types of questions should I ask?

The following questions would be appropriate:

  • Are you licensed or certified in the state in which you live?
  • What professional memberships or affiliations do you have?
  • How long have you been in practice?
  • What level of experience do you have in this particular market and with this type of property?
  • Are you familiar with property in this neighborhood?
  • What types of clients have you had (homeowners, estates, lenders, relocation companies)?

Source: Appraisal Institute

To learn more about appraisals and valuation, select a category below:

Betsy Pokorny

State Certified Appraiser and Consultant

Des Moines Real Estate Services
betsy@dsmappraisal.com
phone: (515) 279-9574
fax: (515) 279-9576

Trusted Experience

Having completed over 2,800 appraisals in the past 11 years, Betsy Pokorny and Des Moines Real Estate Services has become a trusted name for accurate, ethical, and professional valuation services. Betsy has acquired unique knowledge and valuation expertise in historic neighborhoods, vintage homes, and suburban communities.

Testimonials

Tanya K. and Doug J., clients
We very much appreciate your help in determining the best value for our dollar in the River Bend neighborhood! It has been very confusing try to determine the value of a property when things are changing so quickly. It was so helpful to get your professional input to cut through the emotional aspects of home buying. It really helped us get realistic about our options. I also appreciate how flexible your services are, since we couldn't afford a full blown appraisal of every property we were interested in, but the "once over" information was critical information in making our decision. We look forward to working with you again!

Jack Hatch, State Senator
"As a state senator, I sponsored, and the legislature passed in 2008, a law requiring appraisers to be registered. As a real estate developer, I know the importance of reliable and accurate appraisals and Betsy is one appraiser I always request the banks to use or I hire her directly during my pre-development phase. There is no one I trust more."

Mary C., client
I couldn't have sold my home by myself without Betsy Pokorny's help. She is extremely knowledgeable about the current and changing Des Moines metro housing market and is great to work with. She guided me through every step in the process, from initial price-setting through sale and closing. She was right on the money with property values. I highly recommend anyone who is selling their home by owner to contact Betsy and use her services. Invaluable!

Deb Buenting, Bankers Trust
"We have used Betsy Pokorny for numerous years as one of our approved appraisers. I personally have found her expertise in the Des Moines market to be invaluable. She understands the many different programs available through the City of Des Moines and Polk County, and is able to anticipate what values will be based on these programs. Her knowledge has been extremely useful during this rapidly changing mortgage industry. She is able to keep us informed of the many changes in the appraisal world, and also keeps us informed on what neighborhood values are doing. We are thankful to have such a detailed and knowledgeable appraiser on our approved list."