Appraisals
What is an appraisal?
An appraisal is a professional 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. Appraisals may be required for any type of property, including single-family homes, apartment buildings and condominiums, office buildings, shopping centers, industrial sites and farms.
The reasons for performing a real property appraisal are just as varied. They are usually required whenever real property is sold, mortgaged, taxed, insured or developed. For example, Applied Valuation services typically prepares appraisals for:
- Mortgage lending purposes
- Tax assessments and appeals of assessments
- Negotiation between buyers and sellers
- Government acquisition of private property for public use
- Business mergers or dissolutions
- Lease negotiations
What is the role of an Applied Valuation Services appraiser?
The role of the our appraisers 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. We assemble a series of facts, statistics, and other information regarding specific properties, analyze this data, and develop accurate and reliable opinions of value.
Dodd-Frank Act
The Appraiser Independence Requirements (AIR) were promulgated in the Dodd-Frank Act and state that no one with an interest in the underlying transaction can select, compensate, coerce, extort, collude, bribe, induce, instruct or intimidate an appraiser, an appraisal management company, a firm or other entity conducting or involved in an appraisal for the purpose of causing the appraised value to be based on any factor other than the independent judgement of the appraiser.
Appraisal Products
- 1004 Single Family URAR
- 1073 Condominium
- 1004C Manufactured Home
- 2055 Exterior Drive by
- 1004D: Appraisal Update and/or Final Inspection
- 1007/216
- 1025 Multi-Family
- 2000 Field Review
- FHA Products
- Desktop Products
- Commercial Products
- Other customized services available