Thursday, September 4, 2008

Appraisal Types Offered Charlotte, NC

Valuation Experts offers more detail, research, and analysis in our base appraisal reports, as compared to our compettion.

Valuation Experts offers a variety of appraisal products in order to meet our clients needs. Many clients are under the impression that all appraisal products are the same, all appraisers do the same amount of research and anaylsis, and that all appraisers will come up with the same value conclusion. This is simply not true. The recent changes to USPAP now allows the appraiser to offer different types of appraisal products. This is called the Scope of Work rule.

Scope of Work: the type and extent of research and analysis in an assignment.

Scope of work includes, but is not limited to:

- the extent to which the property is identified;
- the extent to which tangible property is inspected;
- the type and extent of data researched; and
- the type and extent of analysis applied to arrive at opinions or conclusions.

An appraiser must be prepared to demonstrate that the scope of work is sufficient to produce credible assignment results, that credible assignment results require support by relevant evidence and logic, and that the credibility of assignment results is always measured in the context of the intended use.

Each written appraisal report must be prepared under one of the following options:

- Self-Contained Appraisal Report

- Summary Appraisal Report

- Restricted Use Appraisal Report

The most common type of reporting option is the Summary Appraisal Report. As noted by the name, this report is a summarization of the data, techniques, etc. used in the report. The majority of the data and techniques are kept in the appraisers work file.



We are a full service appraisal, consulting and real estate solutions provider located in Matthews, North Carolina. We are FHA approved, and specialize in high-end residential properties, golf course communities, and lake front properties. We also have extensive experience appraising REO/Foreclosure properties for Fannie Mae.

Our main areas for our appraisal services are: Mecklenburg County, Union County, Gaston County, Iredell County, and Cabarrus County.

The President of the company is a North Carolina native, and is a State Certified Appraiser, a State Licensed RE Broker, and a State Licensed General Contractor. Our President has extensive knowledge in the field of real estate, and construction. Our Family is very active in the development of residential subdivisions in Mecklenburg, Union County, and the surrounding areas.

We are proud of our history and look forward to a future that includes even more innovative ways to give our clients the competitive edge they require.

Our certified FHA appraisers are ready to serve you!!

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