An appraisal is an opinion of value or the act or process of estimating value. This opinion or estimate is derived by using the three common approaches, all derived from the market.     

3381 Bucklin Hill Rd, Silverdale, WA  98383
PO Box 2257 Bremerton, WA  98310
(360) 613-5528 or (360)613-5529
fax(360) 613-5530 or Email

     Frequently Asked Questions
Sorry, your browser doesn't support Java(tm).

  1. What is an appraisal?
  2. Why is an appraisal needed?
  3. Our Certifications...
  4. Types of Appraisals, clients and fees....
  5. Appraisal procedure...

What is an appraisal?

 Ahave you done an appraisal today?n appraisal is an opinion of value or the act or process of estimating value. This opinion or estimate is derived by using the three common approaches, all derived from the market. They are:

  1. Cost Approach to value is what it would cost to replace or reproduce the improvements as of the date of the appraisal, less Physical Deterioration, Functional Obsolescence, Economic Obsolescence.
  2. Market Approach to value makes use of other "bench mark" properties of similar size, quality and location that have recently sold. A comparison is made to the subject property.
  3. Income Approach to value is of primary importance in ascertaining the value of income producing properties, has little weight in residential type properties. This approach provides an objective estimate of what a prudent investor would pay based upon the net income the property produces.

After thorough analysis of all general and specific data gathered from the market, a final estimate or opinion of value is correlated.

Back to Top

Why is an appraisal needed?

An appraisal may be requested for one if not a combination of reasons:

  • Transfer of Ownership
    • To help prospective buyers decide on offering prices.
    • To help prospective sellers determine appropriate selling prices.
    • To establish a basis for exchanging property.
    • To establish a basis for reorganization or merging the ownership of multiple properties.
    • To determine the terms of a sale price for the proposed transaction.
    • To establish value of estates and trusts.
    • To establish value during a dissolution.
    • To determine value of partial interest.
  • Financing and Credit
    • To estimate the value of security offered for a proposed mortgage loan.
    • To provide an investor with a sound base for deciding to purchase a real estate mortgage.
    • To remove PMI (Private Mortgage Insurance)
  • Just Compensation in Condemnation Proceedings
    • To estimate the market value as a whole - before the taking.
    • To estimate the market value of the remainder after the taking.
    • To estimate the damages to the property.
  • Tax Matters
    • To separate depreciable (or capital recapture) assets such as buildings, and non-depreciable assets such as land and to estimate applicable depreciation (or capital recapture) rates.
    • To determine a gift or inheritance taxes.
    • To estimate the value of preservation easement.
Back to Top

Schaefer, Callahan, and Hernandez Certifications...

  • We provide quality, State Certified appraisals in a timely manner: Our professional appraisals are backed by years of knowledge and training.
  • All appraisals are conducted in accordance with the Uniform Standards of Professional Appraisal Practice (USPSP).
Back to Top

Types of appraisals, clients, and fees...

We offer a wide variety of residential and commercial appraisal services.

Back to Top

Appraisal Procedure ...

appraisers-realestate.comUpon receipt of an appraisal request, we attempt to contact the borrower or owner within two(2) working days. We may not be able to set an appointment within 2 days but we will let your client know that we have received an appraisal request. Although we typically expect payment from you as our client, as an additional service, we can collect the appraisal fee at the time of inspection. When we complete the appraisal, we will immediately mail the appraisal to you via US Mail or email.
  • Our market areas range from rural properties and "mini farms" in outlying areas of the county to urban condominium and subdivisions developments both existing and proposed.
  • We serve the west Puget Sound region of the State of Washington within the boundaries of Kitsap, Mason, Jefferson, and West Pierce Counties, which include the communities of Silverdale, Bremerton, Kingston, Bainbridge Island, Port Orchard, Poulsbo, Port Townsend, Belfair, Shelton, Allyn, Gig Harbor, Seabeck, Hansville, Port Gamble, Indianola, Suquamish, Keyport, Manchester, Burley, Chimacum, Forks, Port Ludow, Grapeview, and Hoodsport
  • VISA and MasterCardWe accept VISA and MasterCard.

You may use phone, fax or e-mail for appraisal orders.

Back to Top

site map:


Fair Home

Realtor's Association

 Home Builders Association of Kitsap County



We take VISA & MasterCard


   [ FAQ ] Policies ] Home ] Tips ]