Accurate Appraisal Services, Inc. is a full service
residential real estate appraisal office. We have experience
with new/proposed and existing construction, modular homes, manufactured
homes, townhomes, condominiums, and
vacant land property valuations.
provide real estate appraisals for:
- Refinance/Home Equity
- Mortgage Insurance Removal (PMI)
- Home improvements
- Tax appeal
- Pre-listing appraisal
- And more...
Fees for residential properties
are determined on the basis of each case.
This form is primarily used for use with condominiums and
Planned Urban Development (PUD's). This report contains detailed
information regarding the condominium complex, the management
entity, and other market data which is specific to these forms
of property ownership.
Single Family (1004)
This is the most commonly used form for single-family
residential properties. This report includes a comprehensive
interior and exterior inspection of the subject property,
neighborhood, and current market data. The value is determined
by considering all three approaches to value.
Residential Income Property)
This form is typically used for small (1-4) residential income
properties. It provides specific data on income factors that may
include subject unit, market rental, and comparable income
producing properties similar to the subject.
This is a limited single-family appraisal and summary report. It
is similar to the 1004, but uses only the Sales Comparison
Approach and eliminates the Cost and Income Approaches. This report contains
text addenda, as needed, Statement of Limiting
Conditions/Appraiser's Certification, photos of the subject, and comparable properties (as requested),
Building sketch, Location
Map, Miscellaneous addenda/exhibits and proprietary forms, as
required by client or appraiser. This report requires a physical
interior inspection of the property.
This report is similar to the above report but is utilized when
sufficient data exists for an interior inspection to be
omitted. This is an exterior report that
requires no physical inspection of the property.
This is a limited single-family residential appraisal and
summary report. It relies on the sales comparison analysis
approach to value as part of a limited appraisal process. This
streamlined report eliminates the cost and income approaches to
value. The Sales Comparison Analysis method is used to prepare
the Limited Appraisal Summary Report.
Desk Review (RARS)
This entails reviewing an appraisal done by another appraiser.
All verification is done at the "desk." No photos need to be
Enhanced Desk Review (plus 2
Additional comparables added in supporting a new value or
supporting the value given by the original appraisal. Photos are
included for additional comps.
2000 Field Review
This entails reviewing an appraisal done by another appraiser by
verifying information given in the report. The review appraiser
will take new photos of the subject property and the comps.
Enhanced Field Review (plus
2 add'l comps)
Additional comparables will be added with photos, supporting a
new value or supporting the value given by the original
Rent Schedule And Operating
These forms are completed when the property is non-owner
occupied. It notes monthly area rents, location, age, condition,
room count, design and appeal. It provides in grid format, for a
subject property's estimated or actual rent through comparison
of rental income generated by comparable properties.
An appraisal done on a vacant piece of land or to determine the
value of an improved piece of land.
When a homeowner is relocated to a new property for business
purposes and the company buys the property from the homeowner.
These are typically 2 appraisals done by 2 different companies.
442 Final Inspection
When a property requires an inspection based on items typically
New construction to determine draws for the lender.
Recertification of Value
Used to determine whether a property has increased in value,
remained stable, or decreased in value. Typically, used in
appraisals 6 months or older.
Used to lower the interest rate or to utilize equity from the
Retype or reassignment
Turning the rights of the appraisal from one company to another.
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