Experience The Watermark Difference…Local, Fast, And Accurate Real Estate Appraisals You Can Count On When You Need It Most.
“Local knowledge and proven experience is so important in our business. Our specialty in the high-end luxury housing market brings with it some unique and complex challenges. Watermark has the reputation for the quality and reliable expertise we look for in South Florida…A great resource for pre-listing appraisals, data trend consultation or any appraisal need for that matter. You won’t find a better company or nicer people!”
Stephanie Heyman, PA
Nestler Poletto Sotheby’s International Realty
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Residential Appraisal Services
It’s common for realtors and homeowners to utilize professional appraisers to assist with establishing a list price for the sale of their home or property….
Divorce is an unfortunate event that often brings many challenging decisions that require professional expertise and advice. For homeowners…
With the recent popularity of living trusts, appraisals are needed both for tax planning purposes prior to a property owner’s death, and for settling an estate…
Appraisals done for financial planning and trusts require a lot of focus, attention and expertise. Always enlist the services of a professional real estate appraiser…
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Recent Reviews
“As Owner and President of The Title Company of South Florida with over 30 years in the title insurance business we are constantly impressed with the knowledge, professionalism and highest level of personal attention to customer service… Highly recommend Phillip and the Watermark team!”
Diane Sunderland
The Title Company Of South Florida
“Watermark has been our trusted provider of litigation assistance in complex trial cases. It’s important to find a reliable professional that can provide accurate appraisals in a timely manner as well as the ability to explain the results as an expert witness in court. Experience, clear communication and professionalism when you need it most!”
Patrick Montero
Law Offices of Daniel C. Consuegra, P.L.
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Frequently Asked Questions
Answer: Our services are based out of Fort Lauderdale and Boca Raton, but because we travel to your location, we are also able to serve Pompano Beach, Delray Beach, Parkland, Coral Springs, and all the surrounding cities of Broward, Palm-Beach and Miami-Dade Counties.
Question 2: What does the appraisal inspection entail?
Answer: Generally, an appraisal involves an on-site inspection of your property. The inspection will include exterior measurements and photography of the interior and exterior. An appraiser (although not a home inspector) will want to observe the overall condition, features and upgrades of the property. Whenever possible it is best to make all areas of the dwelling available for inspection. We encourage all parties to provide as much information as possible (whether that be a list of upgraded features, sales you are aware of etc.) to the appraiser at the time of inspection. We are committed to giving you every opportunity to exchange information that you may feel is valuable and important to the process.
Question 3: How much does a professional appraisal generally cost?
Answer: Appraisal prices are determined based on a few different factors. When pricing an appraisal we take the following into consideration:
- What is the size of dwelling?
- Is it unique or unusual for its market?
- Does it involve hypothetical analysis beyond an “as is” report?
- How many units? Is it a mult-family?
- Will it require court testimony?
- Is it a world class luxury dwelling, waterfront, golf course, etc.?
Once these factors are taken into consideration then we can get an accurate idea of how much it would cost to have your property appraised. Warning: If you call another company and they give yo a price based only on the address without asking what your specific goals are as well as the what the features of the home are, beware of hidden add on charges in the end. Typically, a standard appraisal for a single-family dwelling starts at $400 and that covers a broad population of homes in the South Florida market.
Question 4: What are the qualifications of the appraiser?
Answer: The state of Florida requires all property appraisers to be state licensed or state certified and have fulfilled rigorous education and experience requirements and must adhere to strict industry standards as well as a professional code of ehtics as promulgated by the Appraisal Foundation.
Question 5: What are comparable sales?
Answer: A comparable sale is a property, that is like the subject property in most respects, is in a similar (nearby) location, and has sold recently at arm’s length. The selection of comparable sales is in most residential appraisals, the single most important determining factor in establishing value. It is the appraisers’s responsibility to adequately research the local real estate market and determine which comparable sales best represent the value characteristics of the subject property.
Question 6: If my appraisal comes out higher than my tax value, could my real estate taxes go up?
Answer: The appraiser is required to maintain confidentiality with the clients, which would typically be you (if you undertook the appraisal) or the bank (in a mortgage related appraisal), not the local tax authorities.
Are You A Realtor?
Check Out The Latest Podcast Phillip Was Featured On Called The Stamp Of Approval By Kristin Stampini.
Episode #46 ~ How Appraisers Are Determining Market Value