Appraisal Witness: Qualified Expert

Appraisal Witness: Qualified Expert

Appraisal Review

Appraisal review is the second or third technical, unbiased critique of a surrendered appraisal report. This appraisal review of an appraisal ensures three qualities:

    1. That the original appraisal complies with Federal guidelines as set forth in USPAP (Uniform Standards of Appraisal Practice. USPAP criterion regulates the appraisal and the appraiser!
    2. That the appraiser uses the correct valuation methodology.
    3. That the original appraiser reached a Fair Value with accurate facts.

Who needs appraisal review?

    • Client(s) that has/have conflicting appraisals.
    • Clients with separate appraisals that are destined for litigation.
    • Financial Institutions that need to comply with Federal Reserve regulations.
    • Court imposed appraisal review.
    • Any appraisal that will be questioned in court.
    • Property to be acquired in Federal-aid projects or programs.
    • Mergers, Acquisitions, Sale of Business, Divorce, Real Estate transactions and Eminent Domain.

What kind of Appraisal Review is needed?

    A. Technical Appraisal Review is an exhaustive full review appraisal of the property. This appraisal review starts from scratch onsite of the properties. A full appraisal that is compiled independently and then compared to a previously submitted appraisal by a different appraiser. The appraiser must be USPAP 2008-13 Compliant, (recently passed the new USPAP government test and qualified by education and or experience).
    B. Desk Appraisal Review can be prepared using the data from the existing appraisal or new data that the review appraiser collects from his or her normal valuation sources. The desk appraisal then compares values with the original appraisal. This appraisal review is the most economical.
    C. Field Appraisal Review requires the appraiser to physically examine the real and or personal property and then compare their findings with the original appraisal.

What to expect from an Appraisal Review

The appraisal review must be executed by a Professional Senior Appraiser that is, Experienced, Highly Qualified and Accredited by 2011 USPAP Standards. The appraisal review is not an exercise to arrive at the same valuation, instead the appraisal review is a verification that the facts are true in the original appraisal and that in using said facts, a true market reliable “Fair Value” estimate was given in the original appraisal. The appraisal review is the quality control element that is critical in the valuation process. The review appraiser will validate if the appraisal report(s) contain proper documentation, factual information and conclusions that are properly supported with the accepted valuation methodology. The reviewer will confirm that mathematical errors are present or absent, the law has or has not been adhered to, and that a comprehensive examination of the original appraisal has been completed in accordance with appraisal review techniques, standards and principles.

Durkin Valuation Associates are professional Senior Appraisers with a combined 70 years of valuation. Our appraisers include two attorneys, one PhD, two MAs and an instructor for the Federal USPAP Test. We are more than competent to do your appraisal review, any appraisal needs including Expert Appraisal witness testimony. Call (617) 720-0332 or email below.

Expert Appraisal Witness
  1. (required)
  2. (valid email required)
Please answer the Human verification question.
 

cforms contact form by delicious:days


appraisal review,appraiser,desk review appraisal

Technorati Tags: , ,

Be Sociable, Share!

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news



Odessa American

CHIEF'S APPRAISAL: Your Appraisal District is an Open Book
Odessa American
Other reports provide information on how business personal property assets are depreciated using age/life schedules, capitalization rates used to value low-income housing properties, appraisal parameters used in the discounted cash flow (DCF) analysis ...




Waterloo Cedar Falls Courier

JIM VOLGARINO
Waterloo Cedar Falls Courier
JIM VOLGARINO of Vintage Valuation Services has completed a course in personal property appraisal and is now a certified appraiser through the Certified Appraisers Guild of America specializing in vintage vehicles. Volgarino has been doing classic and ...




Athens Daily Review

Appraisal districts streamline valuations
Athens Daily Review
Each year, the Henderson County Appraisal District determines the value of properties so entities will know how high to set their tax rates to generate needed revenue. Chief Appraiser Bill Jackson must have those completed by about July 25 each year to ...




County, city property values up
Athens Daily Review
"The majority of the increase for Henderson County, Athens ISD and the city of Athens is in single- family residences, industrial and commercial real property and industrial and commercial business personal property," said Chief Appraiser Bill Jackson ...




Legal Notices
The Free Press Standard
TERMS OF SALE: Deposit due on the day of the sale, personal, certified or cashier's check accepted. Balance due upon confirmation of the sale by the court. If the appraised value of the property is: Less than or equal to $10,000 = Deposit of $2,000.




The Florida Times-Union

Tax Collector: Jim Overton Bio, Questionnaire
The Florida Times-Union
Duval County Property Appraiser – 2003 to 2015, elected a state constitutional officer serving the Consolidated City of Jacksonville. ... Past-President and other board positions of the Florida Association of Property Appraisers. ... Chamber of ...




JD Supra (press release)

Selling Real Property In A Federal Receivership
JD Supra (press release)
2013 (citations omitted) (“[I]t is at the district court's discretion whether to obtain appraisals before foreclosing on personal property. However, 'Congress did not confer similar discretion on the court' in enacting section 2001 for the sale of real ...




LimaOhio.com

Legal-Ease: What are all these numbers on my real estate tax bill ...
LimaOhio.com
July is the month when real estate taxes are due to each county treasurer in Ohio. The specific July deadline has now passed for all counties in our region.

and more »



Waco Tribune-Herald

LETTERS: Reader fume over property values, socialism and more
Waco Tribune-Herald
Socialism was defined as a society or group living with no personal property. So from that definition I can only assume that George Soros, Barack Obama, Hillary Clinton, Nancy Pelosi, Harry Reid, Chuck Schumer, Bernie Sanders, John McCain and all the ...




Accountingweb.com

Tax Court: No Tax Bargain for Charitable Shopping
Accountingweb.com
However, the basic rule is that you can deduct an amount equal to the fair market value (FMV) of used property on the date that you contribute the property to charity. For instance, if you bought a suit or dress for $500 and it's ... In 2010, seeking ...
Notice 2018-54 - IRS.govIRS.gov
Pending EO 12866 Regulatory Review - RegInfo.govRegInfo.gov
Illinois General Assembly - Bill Status for HB4237Illinois General Assembly
Illinois News Network
all 28 news articles »

Google News

Copyright © 2008, 2009, 2010, 2011, 2012 appraisalwitness.com All rights reserved.
http://appraisalwitness.com/