Cape Appraisals Blog

Our Appraisers use several different methods to determine an opinion of value for Real Estate:

    #1:  Cost Approach (The Appraiser simply determines how much in today's market would it cost to rebuild the subject from the ground up.  This method is relied upon heavily to determine and support adjustments that occur in the sales comparison approach.  The Appraiser relies on sources such as local developers, local home builders, local building supply companies, local retailers, and Marshall & Swift.

    #2:  The Income Approach:  The Appraiser uses local rental market data to determine a Gross Rent Multiplier to apply to the subject's rentable living area.  This determines the actual income value to the typical investor in the market.

    #3:  The Sales Comparison Approach:  This is the most common and accurate approach to value used by our Appraisers.  The sales comparison approach simply tells the Appraiser what the typical buyer in the typical market is willing to pay for home similar to the subject.  This is also the value that lenders rely upon.

Receive $50 Off Our Full Appraisal Fee

If You Order An Appraisal On A Home

Built By One Of Our Preferred Builders!

Cape Appraisals has partnered with local builders to make the appraisal process easier on the buyer.  Local builders included on our Preferred Builders List have allowed Cape Appraisals Appraisers to do most of the research on their model homes prior to appraising for purchases.  This has aided the appraiser in speeding up the delivery process and afforded more accurate research to determine the final values. 

Although Cape Appraisals will always remain objective in developing its opinion of value for your new home purchase, the additional assistance provided by the builder up front increases the accuracy and quality of these appraisals.  Therefore Cape Appraisals will discount your appraisal by $50 if you order an appraisal for a new home from one of these builders:

• Watermark Homes 239-541-9562  (Watermark Homes)  See an actual appraisal completed for the Watermark Homes Seville Model at www.capeappraisalsfl.com/watermark
•  Lennar Homes (Southwest Florida) 239-368-2540 or visit www.lennar.com
• Southwest Florida Affordable Homes 239-369-0204 or visit www.swflaffordablehomes.com

Cape Appraisals has developed a Preferred Community List to offer savings to borrowers and buyers!

Volume appraising in the same community makes the appraiser's job easier, therefore Cape Appraisals is offering discounts to qualifying communities in Lee, Collier, Charlotte, Hendry, and Glades Counties.  Please contact Cape Appraisals Mail to:Info@capeappraisalsfl.com to have your community placed on this list.

 Cape Appraisals will discount our Full Appraisal Fee by $50 for ALL appraisals in these communities.

Preferred Communities:

• Coral Lakes, Cape Coral (For more info visit:  Coral Lakes
• Village Creek Condominiums (For more info visit:  http://www.puigdevelopment.com
• Salamanca Point, Fort Myers (For more info visit: http://salamancacondos.com)
•  Greenbriar, Lehigh Acres (For more info visit:  Lennar Corporation
• Stoneybrook at Gateway
•  

Cape Appraisals has made a commitment to assisting in the difficult task of providing housing for those who cannot otherwise afford a decent place to live by supporting our local Habitat For Humanity.  Cape Appraisals provides all Real Estate Appraisals to Habitat For Humanity free of charge. 

We encourage you to contact your local Habitat For Humanity and volunteer your services or time to help build these dreams for people that otherwise cannot afford to fulfill their own dreams of homeownership!

For more information visit:  Habitat For Humanity Of Lee County

Update 07/17/2007:  Year to date, Cape Appraisals has donated over $15,000 in appraisal services to support Habitat For Humanity of Lee County!