- URAR (1004)
- Exterior Only Residential (2055)
- Exterior Only Condo (1075)
- Individual Condominium (1073)
- Rental Comps (1007)
- Operating Income Statement (216)
- Update and Completion (442)
- FHA Appraisals
- Ideal for the Real Estate Agent for listing in the MLS.
- Fees for Measurements are based upon tax card HLA (Access to the interior is necessary)
- This Service includes HLA square footage and an interior sketch. (Distance restrictions may apply)
- 2,000 HLA or less: $50
- 2,000 to 3,500 HLA: $75
- Greater than 3,500 HLA: $100
PLEASE READ THIS FILE BEFORE YOU REQUEST HISTORICAL DATA:
Comp Searches “Recently there has been a noticeable increase in the number of requests for a comp search. These may take the forms of requests such as “We need comps for this property that will support a loan of $100,000. Please provide 6 sales.” Usually the client will state that there is no need for a property inspection or any other fieldwork. Often the fee, if there is one, is minimal. Some appraisers consider this type of a request a preliminary appraisal. If they feel they can get the value the client wants, they inform the client and hope to receive an assignment for a “full” appraisal.
Appraisers need to understand that whenever they give a value or range of values for a property, they are doing an appraisal. The comment to the definition of “Appraisal” in USPAP states “An appraisal must be numerically expressed as a specific amount, as a range of numbers, or as a relationship (e.g., not more than, not less than) to a previous value opinion or numerical benchmark (e.g. assessed value, collateral value).” If appraisers do a comp search and tell the client that they have 6 comps that would support a loan of $100,000, they have performed an appraisal. There is no such thing as a preliminary appraisal. If an appraiser values a piece of property in any way, it is an appraisal, and both Standard 1 and Standard 2 apply. If the appraiser gives the value orally, the appraiser must comply with the requirements of Standard Rule 2 x4. ”
The above was taken from the August, 2005 Appraiser Report of the North Carolina Appraisal Board. It clearly states the inability of appraisers to perform “pre-comps”, “comp checks” and the like, where an opinion of value is rendered.
However, it has been determined that appraisers may provide sales data to clients, with the conditions that they do not set or narrow the search criteria in a manner that is leading the client or provide any analysis or value conclusions.
Consequentially, we are able to provide our clients with MLS sales data for a specific subdivision or market area; however we cannot analyze that data in any manner nor attribute any valuation opinion.
If you wish to proceed, please call us at (704) 517-2085 to provide the search criteria. We will search qualified, closed sales within a one mile radius of the address supplied, for the past six months.
The fee for this service is $25.00.