You need to conduct an evaluation exercise on any property you wish to buy or sell. You have no better way of finding out what the market value is. For you to find out, you need to get the input of a real estate appraiser.
A real estate appraiser knows how to find the correct market value of a property. There are several in the market. Getting the right one is the tricky part. There are parameters they need to stick to if they are the best.
You need to see their licenses and accreditation proof. You need to know whether they have express permission to do business where the properly. is. Only those who have permission to do business there can help you.
You need to also check out their level of education and training. There are state requirements for each appraiser to meet, before they are allowed to do their job in a given area. IN case they qualified, they will have a professional designation, which shows their pledge to certain ethical standards. Each kind of designation comes after a certain level of education and experience has been acquired. They can also specialize in some key areas. The specialization attained needs to be in line with what you need.
If possible, get an appraiser local to the area where the property is. There are some who handle more than one area. But those who are specialized in one area know it well enough. Their local experience ensures a faster job is done.
You also, need to know more about their level of experience. This is not a simple thing to do. The best will have a huge number of transactions they have overseen. They are experienced enough to do a faster job much better.
They need to have a system that compiles useful market data. They need to know where to look for comparable properties when doing their appraisal. They therefore need to have in place a system that shall make the comparison, and use the latest data available.
You also need to ask how much it shall cost you to get their services. They need to be reasonable with the amounts they ask for. There is more info about this online. There is no permanent system they rely on making these charges. You can, therefore, bargain to the price you wish. The best services are bound to cost more. If you want quality services, you need to be ready to pay the right price.
When you have the right appraiser, you shall get the best job done. They will safeguard your interests at all times.