An accurate appraisal is an unbiased estimate of what a buyer might expect to pay - or a seller receives - for a parcel of real estate, where both buyer and seller are informed parties. To be an informed party, most people turn to a licensed, certified, professional appraiser to provide them with the most accurate estimate of the true value of their property.

So what goes into a real estate appraisal? It all starts with the inspection of the property. He or she must actually see features, such as the number of bedrooms, bathrooms, the location, and so on. The inspection often includes a sketch of the property, ensuring the proper square footage and conveying the layout of the property. Most importantly, the appraiser looks for any obvious features - or defects - that would affect the value of the house.

Once the site has been inspected, Appraisal Accuracy uses two or three approaches to determining the value of real property: a cost approach, a sales comparison and, in the case of a rental property, an income approach and a computerized report is established.

But the appraised value is often used as a guideline for lenders who don't want to loan a buyer more money than the property is actually worth. The bottom line is: Appraisal Accuracy will help you get the most accurate property value, so you can make the most informed real estate decisions.