Appraisal Services and Fees

How the Appraisal Fees are Determined

noreply@blogger.com (Brian Ward Appraisal) — Sun, 01 Mar 2020 02:07:00 +0000

Appraisal fees are based on 3 criteria:

Complexity of the appraisal: This refers to how similar the property is to properties that have recently sold nearby.
Time to complete the appraisal: This primarily refers to factors such as travel time and document review
Liability associated with an appraisal: This refers to the level of responsibility take in preparing the appraisal. For example, there is greater financial responsibility when accepting an appraisal of a $20 million dollar home compared to a $20,000 one, or there may be double the liability when the client includes more than one entity.

$325 - Desktop Appraisal

noreply@blogger.com (Brian Ward Appraisal) — Mon, 08 Oct 2018 18:49:00 +0000

A Desktop Appraisal is a market value appraisal completed from our office and we never view the property being appraised, the comparable properties, or the neighborhood specifically for the appraisal, although we likely have been there previously. We use a multitude of Internet-based resources and any descriptions and/or photographs that you provide in our appraisal. At a minimum, this appraisal is as reliable as an Exterior / Drive-By Appraisal and can be as accurate as the Standard Appraisal with sufficient property description.

Applicable Property Types: Houses, Condominiums, Manufactured Homes

Good For:

Estate purposes, such as:

Date of Death, Step-Up in Basis / Taxes
Trusts

Before buying or selling a property
Marriage Dissolution / Divorce
Family-Based Transactions: Family Purchases / Family Sales
Bankruptcy
Marriage Dissolution / Divorce
As a second opinion after another appraisal has been completed
Bail bonds
Some hard money loans
Insurance disputes
Tax purposes
Many more uses

$375 - Exterior Only / Drive-By Appraisal

noreply@blogger.com (Brian Ward Appraisal) — Mon, 08 Oct 2018 18:48:00 +0000

An Exterior / Drive-By Appraisal is an appraisal where the extent of the appraiser's data for a property is based on an inspection from the exterior-front of the property and any other data available to the appraiser, such as public record, the local multiple listing service, or the client themselves. This appraisal is usually equal in reliability to a desktop appraisal but satisfies the requirement of the appraiser seeing the property personally, when required.

Applicable Property Types: Houses, Condominiums, Manufactured Homes

Good For:

Estate purposes, such as:

Date of Death, Step-Up in Basis / Taxes
Trusts

Before buying or selling a property
Marriage Dissolution / Divorce
Family-Based Transactions: Family Purchases / Family Sales
Bankruptcy
Marriage Dissolution / Divorce
As a second opinion after another appraisal has been completed
Bail bonds
Some hard money loans
Insurance disputes
Tax purposes
Many more uses

$400 - Standard Appraisal

noreply@blogger.com (Brian Ward Appraisal) — Mon, 08 Oct 2018 18:47:00 +0000

The Standard Appraisal is the most familiar type of appraisal. It is completed using first-hand information gathered by the appraiser and produces the most defensible appraisal that is also the most reliably accurate.

Applicable Property Types: Houses, Condominiums, Manufactured Homes

Good For:

Estate purposes, such as:

Date of Death, Step-Up in Basis / Taxes
Trusts

Before buying or selling a property
Marriage Dissolution / Divorce
Family-Based Transactions: Family Purchases / Family Sales
Bankruptcy
Marriage Dissolution / Divorce
As a second opinion after another appraisal has been completed
Bail bonds
Some hard money loans
Insurance disputes
Tax purposes
Many more uses

$450 - Mortgage Form Appraisal

noreply@blogger.com (Brian Ward Appraisal) — Mon, 08 Oct 2018 18:38:00 +0000

A Mortgage Form Appraisal uses the same appraisal forms that a mortgage lender would order and includes an interior and exterior inspection of the property. The appraisal is the most comprehensive in its presentation and should be considered anytime there is the potential for the need to meet mortgage lender rules and regulations.

Applicable Property Types: Houses, Condominiums, Manufactured Homes

Good For:

Mortgages (e.g. home purchase loan, loan refinance)
Hard money loan
Private Mortgage Insurance / PMI Removal
Estate purposes, such as:

Date of Death, Step-Up in Basis / Taxes
Trusts

Before buying or selling a property
Marriage Dissolution / Divorce
Family-Based Transactions: Family Purchases / Family Sales
Bankruptcy
Marriage Dissolution / Divorce
As a second opinion after another appraisal has been completed
Bail bonds
Some hard money loans
Insurance disputes
Tax purposes
Mortgage
Many more uses

$600 - 2-4 Unit / Small Income Property Appraisal

noreply@blogger.com (Brian Ward Appraisal) — Sun, 07 Oct 2018 17:00:00 +0000

This appraisal is for small income properties which have 2 to 4 units. The appraisal includes measuring of the living area, which is needed at most properties. Exterior-Only/Drive-By Appraisals are $50 less and Desktop Appraisals are $75 less.

Applicable Property Types: 2-4 Unit Properties

Good For:

Estate purposes, such as:

Date of Death, Step-Up in Basis / Taxes
Trusts

Before buying or selling a property
Marriage Dissolution / Divorce
Family-Based Transactions: Family Purchases / Family Sales
Bankruptcy
Marriage Dissolution / Divorce
As a second opinion after another appraisal has been completed
Bail bonds
Some hard money loans
Insurance disputes
Tax purposes
Many more uses

$25+ Living Area Measure (with Appraisal Order)

noreply@blogger.com (Brian Ward Appraisal) — Sun, 07 Oct 2018 15:09:00 +0000

If you feel that the measuring of the living area would aid in the accuracy of your appraisal or if it is needed for your intended purpose then the fee is $25+. Larger/more complex homes will carry a higher fee. If you need the living area measured but do not need an appraisal the fee is $100+.

+$100 - More then One Client that are in Opposition to One Another

noreply@blogger.com (Brian Ward Appraisal) — Thu, 02 Mar 2017 02:08:00 +0000

This added appraisal fee is for situations where two opposing parties order an appraisal together. The appraisal fee is higher in these situations because there is double the liability and usually there is additional time necessary for scheduling the appraisal inspection and billing.

$175+ - 1 Day Rush Service

noreply@blogger.com (Brian Ward Appraisal) — Tue, 06 Oct 2015 19:33:00 +0000

This is a rush service we can provide if you are in a hurry. Our goal is to deliver a high quality, reliable and defensible appraisal report the same day we inspect it or to deliver it after typical business hours if an early morning inspection is not possible. We can only commit, however, to a 24-hour turnaround from the date/time of the completion of the inspection. Please understand that not all properties are eligible for this service and our existing commitments may limit our ability to provide the rush service to you. You must also disclose anything unusual or of a significant value influence at the property when ordering the rush service, such as damage, differing actual living area than public record, and views. We have never failed to meet our 24 hour commitment, but should we fail to deliver your appraisal within 24 hours, and the property is as expected when we inspect it (no previously undisclosed significant damage, for example), you have the option of canceling the appraisal completely and receiving a 100% refund or receiving a $200 refund and the appraisal report.