Why Choose First Appraisal Group, Inc. Appraisers

Our appraisers have years of experience with many different property types, ownership interests (fee simple, leased fee, leasehold and easement) and market areas within Indiana. Our firm starts every assignment with a written proposal that includes a fee for our service.

Contact Us to Discuss Your Unique Project or Valuation Problem.


What's An Appraisal?

“An appraisal is a professional appraiser’s opinion of value. The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience and professional judgment of the appraiser. The role of the appraiser is to provide objective, impartial and unbiased opinions about the value of real property — providing assistance to those who own, manage, sell, invest in and/or lend money on the security of real estate.”

-The Appraisal Institute

The Valuation Process

The Cost Approach

The Sales Comparison Approach

The Income Approach

The valuation process is a systematic process and procedure that an appraiser follows to address the client’s need or question.  The depth of the analysis and subsequent report, also referred to as the Scope of Work, depends on a number of factors including the intended use of the appraisal, the property type, the highest and best use of the property and market area (availability of data).

There are three approaches to value:  The Cost Approach, The Sales Comparison Approach and the Income Approach.  It is acceptable to complete one or all, depending on the property and scope of work.