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Review Appraisals
A property appraisal is only as good as the accuracy of the valuation – and your degree of confidence in the appraiser.
At Hometown Real Estate Appraisers, Inc., you’ll find we have all the tools you need to verify the accuracy of your existing valuations – from simple desk reviews designed to return a valuation within 24 hours, to comprehensive field reviews containing additional comparables. Just as importantly, we do it quickly, efficiently and affordably, providing exactly the level of service you need to strike the ideal balance of price, speed and security for your own individual requirements.
We’re able to meet all your appraisal review needs, our experienced, qualified appraisers – when and where you need it, anywhere in the greater Phoenix area.
· A subject property and comparables are not inspected.
· The reviewer verifies lot size, GLA, sales price, and date of sale for the subject property and the comparables, through an acceptable public data source as of the date of the original appraisal.
- Appeal Analysis
· Same as the Field Review with the addition of MLS print outs (where available) for the comparables used in the original report and any new comparables introduced by the reviewer.
· Primarily used for the detection of a fraudulent appraisal.
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· A review of an appraisal furnished by a lender, to determine if the opinion of value in the appraisal is reasonable.
· The subject property and comparables are not inspected.
· The reviewer verifies lot size, GLA, sales price, and date of sale for the subject property and the comparables, through an acceptable public data source as of the date of the original appraisal.
· Up to 3 additional comparables provided.
· A location map (of the subject and additional comparables) is also included.
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· The subject property and comparables receive an exterior inspection from the street.
· Photographs of the subject’s front and street, as well as the comparable sales’ front are included.
· The reviewer verifies pertinent characteristics and features of the subject property and the comparables (to include sales price and date of sale) through acceptable data sources as of the date of the original appraisal.
· Up to 3 additional comparables provided.
· A location map (of the subject and additional comparables) is also included.
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· The subject property and comparables receive an exterior inspection from the street.
· Photographs of the subject’s front and street, as well as the comparable sales’ front are included.
· The reviewer verifies pertinent characteristics and features of the subject property and the comparables (to include sales price and date of sale) through acceptable data sources as of the date of the original appraisal.
· A Field Review with the addition of an interior inspection of the subject property.
· Photos of the subject's front, rear street and interior specified by the lender.
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