• Need an appraisal report with conclusions of value.

• Want to estimate your home's equity.

• Want to determine if refinancing is the right decision for you.

• Want to buy or sell property in Wayne or Oakland County Michigan.

• Want to determine if you are entitled to an adjustment on your property taxes.

• Want to satisfy your curiosity about how much your home will appraise for in today's market? (providing it falls within the Virtual Appraiser report parameter's)

If your answer to any of these questions is "yes" try the Virtual Appraiser^TM report.

How it works
Simply identify the location of the property on the maps provided, and complete the Virtual Appraiser's data form describing the feature's of the property you are seeking the value for .

Using Home Pro's data base ...our search tool will look for home sales during the past year within a one mile radius of the property you described. When the search is complete a report will be prepared by the Virtual Appraiser(TM). A minimum of four sales, similar to the property you described, must be found for a meaningful report to be generated.

The report will identify the, typical selling and, suggested asking (list) price for a property, similar to the one you described, within a one mile radius.

You'll see the address, sale date, square footage and much more... Useful information whether you're buying, refinancing, improving or just curious! The Virtual Appraisers conclusion of, "typical" market value and, "suggested asking price" are based on the, "typical" market price per square foot of similar homes, and their typical list to sales price ratio.

In the event your target property is better than "typical", (a similar home in average condition), you can make a positive adjustment to the Virtual Appraisers, "Calculated Price". The adjustment should not reflect the dollar for dollar cost of the homes remodeling or updating. It should be representative of the value you place on the remodeling/updating.
When your positive adjustment is added to the VA reports "Calculated Price" the total should not exceed the highest comparable sale price in the report. If the total exceeds the highest sale, in your VA report, the target property may be over improved.
In most cases it is unwise to pay more for a property than was paid for the best similar home in the neighborhood.

Conversely, if your target property is in less than typical condition, estimate the cost of repairs and add your repair cost to the Virtual Appraisers "Calculated price". If the sum of these two numbers is greater than the highest sale price, of the homes in your report, the target property may be suffering from, "Incurable Depreciation". It is unwise to pay more for a property than you could resell for once repairs are complete. The asking price or offer to purchase, the property being appraised, should be adjusted downward accordingly.

Ready to give the Virtual Appraiser^TM a try?
Go to the Virtual Appraiser^TM location page

Answers to the basic FAQs
What if the Virtual Appraiser^TM finds more than 30 sales?
You'll get the 30 properties that are within a one mile radius of the location you specified..

Does the Virtual Appraiser^TM show everything that sold?
We will only show properties with a residential "use code"

What if the VA finds fewer than 4 sales?
If the Virtual Appraiser^TM does not find at least four property sales, it will not create a report.

If you have more questions, try our Frequently Asked Questions.