This means that most residential appraisers will communicate the results of the appraisal on a form. Typically, appraisal reports for residential are "form" driven.
Determination of Salvage Value After destruction to the property, a determination of the value that remains.
#UAD SALE FULL#
To insure that a property is insured for its full replacement costs A property owner wants to contest the assessor's valuation and needs an appraisal to claim lower tax. When filing for bankruptcy, a real estate appraisal can provide an opinion of your home's fair market value, which can assist with the bankruptcy paperwork. A retrospective appraisal with the value based on a particular date of death is often used in estate or probate cases, depending on the needs of the executor or family members. An unbaised appraisal can assist in the division of assets so that both parties can move on with their lives. Appraisers are ethically bound to provide an unbiased opinion of value, unlike real estate agents and others, who have a financial interest in the sale and may tell you what they think you want to hear so that they can get your listing or make an offer on your property. Often appraisals are needed to determine the market value of a home prior to listing the property for sale. With mortgage financing, typically the lender selects the appraiser from their approved appraiser list. Appraisals are often necessary when purchasing or refinancing a home. To contact Jim, click the link above to be directed to his phone, or leave an email, or fill out our contact page located here. Appraisal Institute designations have long been recognized by courts of law, government agencies, financial institutions and investors as a mark of excellence in the field of real estate valuation and analysis.
Designated members of the Appraisal Institute have met rigorous and demanding requirements concerning education, testing, experience, demonstration of knowledge, understanding and ability. In addition to his experience, he has been designated by the Appraisal Institute as an SRA, signifying residential valuation excellence. As a Phoenix residential appraiser, property types that Jim has appraised include single family residential, condominiums, manufactured homes, and small apartments. Jim, who is an Arizona real estate appraiser, started his appraisal career in 2002, and since then has appraised over 1,500 residential properties in Arizona.