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



Karen Horn: Inaction by governor, lawmakers on taxes is unacceptable
vtdigger.org
It is time to agree on a state budget and establish an education property tax yield and rate for Vermont. Towns and cities have done their jobs. Listers have developed, corrected, and lodged their grand lists and have set the appraisal value of real ...




The News Guard

TAX ASSESSOR TAX ASSESSING: Neighborhood visits
The News Guard
The News Guard has taken a few phone calls from folks concerned about the regular and periodic county tax assessing process after representatives claiming to be from the Lincoln County Assessors office began going through north Lincoln City this week.

and more »



Dawson Community News

Tax board explains hike in property assessments
Dawson Community News
Last May, the board of commissioners voted to spend over $500,000 to hire a company to perform a mass appraisal of all real and personal property in the county, approximately 15,000 parcels. The appraised value is simply the estimate of what the ...




Murfreesboro Post

Is there buried treasure in your attic?
Murfreesboro Post
If you bring your “treasures” to “Treasure Talk” on June 28, Connie Sue Davenport, personal property appraiser and columnist for Tennessee Magazine, will tell you what she knows about your item. Mindful Care Adult Day Services of Rutherford County will ...




Tahoe Daily Tribune

Candidate Q&A: Douglas County Assessor
Tahoe Daily Tribune
During this time, I completed all my appraisal education courses required for state certification in both personal and real property. I was then hired as a personal property appraiser in the Douglas County Assessor's Office and was trained by Assessor ...




Getting a Valuation for Your Assets
FEDweek
Assets such as real estate, business interests, collectibles, personal property, and intellectual property may have to be assigned a value for tax purposes when inherited or given away. If this is the case, you will want to have a professional ...




Ag land valuations to rise 5 percent
Jamestown Sun
"We really take things case-by-case basis when making determinations about real property and personal property (for appraisals)," she said. Perleberg recommended denying the change as he expects Midwest AgEnergy Group to appeal the county's ...




Chief Appraiser explains why property taxes increased
Pleasanton Express
If not, they should come by the appraisal office and apply. Deadlines to protest appraisals are: June 8 – Real property (Home farm, ranch, commercial buildings); June 22 – Business personal property. Hearings begin June 4 as noted on your appraisal notice.




Appraisals up 5 pct. for local homesteads
Fredericksburg Standard
Gillespie Central Appraisal District (GCAD) mailed their 2018 Notices of Appraised Value to the owners of more than 33,000 parcels of property last week. These parcels included residential, commercial, agricultural, recreational and personal property ...




Victoria Advocate

Prepare now not just for the hurricane but also for hurricane recovery
Victoria Advocate
Make sure the appraisal district knows about property improvements – Nobody likes to pay taxes, but in the case of determining property loss (whether it is business or personal), the main source of independent property value, and therefore loss ...


Google News

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