ABOUT
OVER 17 YEARS OF EXPERIENCE

Learn About Leonard Schiffman Appraisal in Sequim, Washington

Leonard Schiffman is a Washington State Certified Residential Appraiser who is a Pacific Northwest Native, and currently resides in Sequim, a town located in Clallam County, Washington.

Leonard has 17 years of field work in the appraisal business and brings with him over twenty years of experience as a licensed General Contractor and Master Carpenter. This unique skill-set allows Mr. Schiffman to provide a superior Appraisal Report to his clientele. Since 2008, Leonard has also been a Real Estate Broker and the Founder-Designated Broker/Owner of a RE/MAX Franchise in Edmonds, WA from July 2013-December 2018.

Leonard has completed over 3,500 appraisals in the Pacific Northwest over the past 17 years, including Clallam County, Washington. His experience will provide you with the best in class service for all your Real Estate Appraisal needs.

WHAT IS 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.

At a minimum, all states require appraisers to be state licensed or certified in order to provide appraisals to federally regulated lenders. Appraisers have fulfilled rigorous educational and experience requirements and must adhere to strict standards and a code of professional ethics. Qualified State Certified appraisers bring knowledge, experience, impartiality and trust to the transaction. In so doing, they help their clients make sound decisions with regard to real property.

Most appraisals are reported in writing, although in certain circumstances, an appraiser may provide an oral appraisal. A written appraisal report generally consists of: a description of the property and its locale; an analysis of recently sold comparable sales in close proximity to the subject; and information regarding current real estate activity and/or market area trends. The three approaches to value that a certified residential appraiser uses to arrive at an opinion of value are the sales comparison approach, the cost approach, and the income approach. In 95% of appraisals, the sales comparison approach carries the most weight in value.

RESIDENTIAL APPRAISAL SERVICES

In addition to Residential Appraisals – and depending upon an appraiser’s designation and qualifications – he or she may be able to assist with the following:
  • Estate planning and estate settlements
  • Tax assessment review and advice
  • Advice in eminent domain and condemnation property transactions
  • Dispute resolution-including divorce, estate settlements, property partition suits, foreclosures, and zoning issues
  • Feasibility studies
  • Expert witness testimony
  • Market rent and trend studies
  • Cost / benefit or investment analysis, for example, what will be the financial return related to remodeling and cosmetic updates and both the exterior and interior of your property
  • Land utilization studies 
  • Supply and demand studies
  • Retrospective Appraisal Valuation for Estates and other purposes
  • Mass Appraisal theory/reports for the purposes of significant construction defect litigation

Leonard is a proud member of the Veteran’s Administration Independent Fee Panel of Appraisers.

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