At AmeriMac, our team of licensed residential appraisers are always ready to fulfill your appraisal requirements, and they are happy to answer any questions you may have along the way. We understand the value of trust built on clear and open communication. Contact us today and learn more about how we can improve your residential appraisal experience.
AmeriMac is proud to provide litigation support and witness services for clients participating in real estate litigation disputes. We have assisted law firms, real estate investors, government agencies, corporate investors, and individual investors.
These are properties acquired by a lender through foreclosure or for investment. This report can be used for a number of properties, such as one unit to 2-4 units, manufactured homes to cooperative projects, or condo units and PUDs.
This FHA-approved appraisal is required to obtain a reverse mortgage. A reverse mortgage appraisal includes a thorough interior and exterior inspection conducted by a licensed appraiser. They may also include areas of the home that need to be repaired.
The purpose of this form is to develop an opinion of the anticipated sales price of the property – but not necessarily the market value. Anticipating the sales price includes an element of forecasting and involves an ample array of research and analysis.
This report is used in estimating the marketing value of a property in accordance with the Uniform Standard of Professional Appraisal Practice (USPAP), the Class Valuation National Appraisal Services guidelines, and other guidelines from the Federal Housing Administration. It includes a full interior and exterior inspection. It also includes:
Valuation services for our lender clients include:
This report includes anything from single-family homes, one-unit properties, one-unit properties with an accessory unit, and a unit in a planned development. However, it does not include manufactured homes or condominium units.
This report covers one-unit condominiums and homes regulated by a Homeowner Association (HOA) based on interior and exterior property inspections. In the case of a Planned Unit Development (PUD), the HOA arranges services to maintain amenities in the common areas.
Given that jumbo loans involve larger-than-traditional transactions, their matching appraisal report undergoes rigorous quality checks. This sometimes results in two appraisals for absolute accuracy.
Oftentimes, the “income approach” is used on a multi-family property to research and analyze its value. This approach involves determining the fair market rent of each unit size based on comparable rents. Other approaches are utilized depending on the size of the property and the number of comparable properties available.
For a Lot appraisal, the appraiser considers the expected value of the property compared to the possible alternative uses of the property. It also assesses the property’s current use.
This statement (Freddie Mac form 998 and Fannie Mae 216) accompanies Small Residential Income Property reports for a two- to four-unit income property.
As the name suggests, an appraiser utilizes this report with one-unit properties and units in PUDs while only inspecting the exterior of the property.
An appraiser uses this report to determine if the market value of the property has declined since the effective date of the original appraisal. If a subject has not declined since the original appraisal, the client may use the value given in the initial appraisal to underwrite the loan.
This kind of review usually provides the most accurate and dependable investigation of an appraisal that is under review. In a Field Review, the appraiser will do extensive research. They then either agree or disagree with the original appraisal valuation.
A licensed or certified appraiser utilizes the data available to review an original appraisal without observing the property in-person. This review is typically used in the pre-funding stage, post-funding stage, and in the event of a loss mitigation or foreclosure.
Order a residential appraisal today and see how we can develop a complete and accurate appraisal report that perfectly fits your specifications.