Appraisal Report Types

Meeting the report challenges in valuing the commercial real estate markets of today all facts defined will help you act more directly in your real estate decisions. As defined by the Uniform Standards of Professional Appraisal Practice (USPAP) our valuation services include the following USPAP reporting options:

• Appraisal Report – Developed in a narrative “Self-Contained” or “Summary” format”.
• Restricted Report – Developed in a “limited” format.
• Appraisal Report Update – “Updated” report typically brings forward an effective date of an existing report in a new appraisal assignment.
• Appraisal Recertification of Value – ROV is a confirmation report of a condition in an original appraisal has in fact occurred such as completion of proposed construction.
• Mass Appraisals – Multiple grouped “Subject Properties” in a single report.
• Feasibility Studies – Assessment of the financial practicality of a proposed project.
• Trust Valuation – Typically a asset valuation subject to the parameters set by the trust or tax codes.

We recognize that one size does not fit all – it is best to identify your need and fill that need, from that the above report services were developed.

Appraiser Value Opinions (AVO) 

The Appraiser Value Opinion is a low cost and reliable report when a full “Appraisal Report” is not required for:

• Underwriting New or Refinancing Commercial Real Estate Loans.
• Lines of credit secured by real estate.
• Bank Clients – Business loans secured by real estate.
• Asset management decisions on portfolio loans.
• Pre-foreclosure decisions.
• Real Estate Owned – management of your liquidation pricing and net realization pricing.

Why An Appraisal Zone AVO?

• We Provide a Price Opinion You Can Trust By a Licensed State Certified General Commercial Real Estate Appraiser.
• The AVO is a data-rich report in full compliance with the latest Interagency Guidelines (IAG), the Uniform Standards of Professional Appraisal Practice (USPAP),
  FIRRIEA, OCC & NCUA requirements.
• No OCC Loan or Value Limitations
• We Provide a Reliable, Defensible Value & Prove Our Worth With a Market Derived Analysis.
• We Are Competent In The Analysis Of Complex Commercial Properties

Appraiser Review Options

 Our appraiser review is available in three “Desk Review” options:

 1) Limited Administrative Review – Tier 1 is typically pertinent to credits involving transactions values of $1,000,000or less. This review address the appropriateness of the analysis and conclusions as developed & reported.

 2) Standard Administrative Review – Tier 2, is pertinent to credits involving transaction values from $1,000,000 to $2,500,000. This review has an increased scope of work as to the appropriateness of the analysis and conclusions in the appraisal process. The report encompasses more narrative in comparison to the Tier 1 Review.

 3) Technical Administrative Appraisal Review Tier 3, is pertinent to credits involving transaction values in excess of $2,500,000, incorporating expanded property details and reviewer commentary in comparison to the Standard Administrative Tier 2 Review.

 Scope Of Review Assignments  – DESK OR FIELD REVIEW

Our appraisal reviews  comply  with the reporting requirements set forth in Standards Rule 3 and 4 of the Uniform Standards of Professional Appraisal Practice (USPAP), the Comptroller of the Currency’s (OCC) & (FIRREA) Minimum Standards, and additional requirements set forth by the Client. All of our reviews summarize our concurrence or deficiencies of the reviewed report.