Types of Appraisals

Single Family Homes

  • An estimate of value based on data gathered by the appraiser. A process that is done via inspection of the subject property, then comparing that property to recent sales of similar houses located in like neighborhoods (as close to the subject property as possible). We offer both exterior-only and full appraisals of single family homes.

Condominiums

  • We offer both exterior-only appraisals and full appraisals of condominiums.

Multi-Family Properties

  • Multi-family properties require special experience and knowledge to accurately appraise. We take into account market trends along with comparables to provide a detailed analysis of your real estate asset’s value.

Recertification of Value

  • A Recertification of Value is performed to confirm whether or not the conditions of a prior appraisal have been met.

Final Inspections

  • A final inspection appraisal is used to indicate whether improvements were completed in accordance with the requirements and conditions stated in a previous appraisal report.

Quality Control and Appraisal Review reports

  • A quality control review is pretty much what it sounds like. It is a “review” of an appraisal report that is done to make sure it meets specific underwriting guidelines and is usually part of a lender’s quality control program.

Collateral Assessment

  • An appraisal of a property that will be used as collateral for a loan.

REOs

  • Real estate owned or REO is a term to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.

FHA

  • FHA loans require specific appraisals to be completed.

Restricted Appraisal Reports

  • Restricted appraisals, sometimes known as “desktop appraisals,” are the least costly of the major appraisal reports. They can help you get a quick idea of the value of a property without paying for a full appraisal.

Tax Appeals

  • Paying too much in real estate taxes? An appraisal can help show that your county has over-valued your home.

Relocation Appraisals

  • A standard appraisal is used to develop an opinion of the market value of aproperty. The relocation appraisal is used to develop an opinion of the anticipated sales price of a relocating employee’s residence.

Insurance Appraisals

  • If there is any question of the value of your property in the opinion of your insurance company, you will need an appraisal performed.

“As Completed” Valuations

  • As completed valuations take into account potential improvements to a property before the improvements have been made.