Frequently Asked Questions
Please reach us at 855-819-7500 if you cannot find an answer to your question.
When you work with CapStone Appraisal, you can expect personalized service, extensive industry expertise, and a commitment to helping you achieve your goals. Our team has a deep understanding of the commercial real estate market, and we use this knowledge to help our clients make informed decisions for the best properties and solutions for their needs.
Cost is a common concern, and it depends on the property's type, size, location, the scope of work involved, and the time to completion.
Timing can vary depending on factors like property type, size, and complexity. As a local Southern California firm we get started right away on your appraisal.
People often seek appraisals for various reasons, such as selling, buying, financing, tax assessment, estate planning, or legal matters.
You want an appraiser with experience (~74% have less than 10 years), member of the Appraisal Institute, someone with local knowledge, and one with an MAI Designation. Additionally ask about the Data Sources the appraiser subscribes. They should have access to reliable data to support their valuation, such as recent sales data, property records, and market trends. For gas station appraisals that have business value intertwined, we have our own private database from properties we have personally appraised.
“MAI” refers to a professional designation offered by the Appraisal Institute. MAI’s are generally considered to have experience and education roughly equivalent to a ‘doctorate level’ of commercial real estate appraisal. There are over 94,954 appraisers in the United States and of those, ~8,600 MAI's.
The Appraisal Institute is a global professional association of real estate appraisers, with over 16,000 professionals in almost 50 countries throughout the world. The Appraisal Institute is the oldest and most well-respected appraisal organization in the United States whose mission is to empower valuation professionals through community, credentialing, education, body of knowledge and ethical standards.
Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs.
Four types of appraisal licenses
Trainee Appraiser
A Trainee Appraiser License is for someone just beginning their appraisal career. This license allows you to perform property appraisals, complete market and property research, and write reports under the guidance of a certified supervisory appraiser. Licensed Residential Appraiser
A Licensed Residential Appraiser is qualified to appraise non-complex one to four units having a transaction level less than $1,000,000 and complex one to four residential units having a transaction value less than $250,000. Examples of properties someone with this type of appraisal license may appraise include single family homes, duplexes, triplexes, or single-family homes with auxiliary dwelling units (ADUs) or garage apartments.
Certified Residential Appraiser
Certified Residential Appraisers are qualified to appraise one to four residential units without any regard to value or complexity, though this doesn’t include appraising subdivisions.
Certified General Appraiser
This is the highest appraiser license level, and those with their Certified General Appraiser license can appraise any type of real property, including apartment complexes, commercial properties, and single-family homes.
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