|Product Name||Sample Report||Days to Complete||Number of Approaches to Value||Complex Property||Licensed Appr||Appraisal Institute Designated Appraiser||Site Visit||Fee US($)||Action|
Business Days from receipt of necessary information
Number of Approaches to Value: there are three approaches to value including the sales comparison approach, the income approach and the cost approach. The person preparing the valuation will select the most relevant.
Complex Property: a complex property will include a property with more than one property type such as apartments and retail or a property with a value in excess of $20 million.
Licensed Appraiser: the least expensive valuations will be prepared by an analyst and are similar to a broker price opinion. When indicated, a state licensed general appraiser will complete the appraisal.
Appraisal Institute Designated Appraiser: will be reviewed and signed by Mike Miller, MAI, Ryan Lin, MAI or someone with the highest designation awarded by the Appraisal Institute.
Site Visit: a site visit to the subject property will be performed if indicated. Otherwise, no site visit will occur; sometimes this is known as a desktop valuation.