|
| |
While appraisals are prepared for many purposes, the report is generally placed on one
of several forms that are utilized throughout the industry. Many appraisal companies
will utilize the URAR (Uniform Residential Appraisal Report) form for most purposes.
While this form may be suitable for mortgage loans, PMI removal or other such purposes
where a limited analysis is all that is needed, it is not the best form for situations
where a higher degree of accuracy is a necessity such as for relocations, divorces, or
listing a home. While addendum's can be added, it generally takes more time to
convey this additional necessary information than it would take to place it on a form that
is better designed for the intended purpose. Below I have provided a description of
the services that we offer.
- Relocation Appraisals
- These are prepared for both outgoing and incoming transferees, or anyone that is
interested in having an accurate estimation of the anticipated sale price of a home that
is to be purchased or listed and sold. The ERC form is utilized.
- Mortgage Loan Appraisals
- These are generally prepared for mortgage companies or lenders that wish to ascertain
the value of the collateral that is used to secure a loan. The URAR form is most
often utilized.
- Foreclosure Appraisals
- The reports are most often requested by lending institutions that have acquired
properties through default on a mortgage. The clients needs are generally more than
perceived and the level of service should be closer to that of a relocation report
rather than a mortgage loan report.
- Divorce Appraisals
- The need for accuracy in Divorce or Estate Appraisals is essential. The appraisal
report needs to be well supported and the appraiser should be accustomed to testifying in
court and undergoing cross examination and scrutiny.
- Consulting Services
- Destination Services, Home Finding Assistance, Buyers Agent ...
|
