APPRAISAL

RESIDENTIAL – REAL ESTATE – APPRAISAL

APPRAISAL

RESIDENTIAL – REAL ESTATE – APPRAISAL

Property Types & Our Clients
  • Single-Family Residential
  • Condominium
  • 2 to 4 Family Income Property
  • National Mortgage Companies
  • Local Lenders & Title Companies
  • Homeowners & Investors
  • Law Offices & Accountants

 

Valuation Services
Why Choose Us
  • Local Market Expertise
  • Comprehensive Market Research 
  • Full E & O Insurance Policy 
  • USPAP, UCDP & HVCC compliant
  • Qualifications 
  • Thorough Inspections
  • Certified Licensed Appraisers 
  • FHA Approved
  • Defensible Opinions
  • Reliable Turnaround

     

    APPRAISAL

    WHO WE ARE

    Why customers keep coming back!

    OUR PROCESS

    1. Request an Appraisal

    To request an appraisal you can fill out an online order form which can be found here or just send us an email and we will get back to you with some follow up questions about your order. Institutional clients can place orders directly through our order management platform or third party portal.

    2. Work-Up With Order

    To ensure the correct appraisal product for your needs we must determine the particulars of your assignment such as: the type of property being appraised, the purpose of the appraisal (what is the appraisal being used for), and who the intended users will be (those relying on the results of the appraisal). The next step is to schedule a date and time for your appraisal walk-though; once scheduled we will email you a letter of engagement for your review and e-signature (which is done so that everyone is on the same page with respect to the assignment details). This email will also contain a payment link for secure payment with a debit or credit card; alternatively, payment can be made by check at the time of the inspection.

    3. Property Inspection

    Inspection times vary depending on the size and complexity of the property but they typically take between thirty minutes to an hour for condominiums and between one to two hours for single-family homes. A standard appraisal inspection includes an exterior walk around the site, a walk-through on all levels of the improvements, interior and exterior photos, and a sketched floor plan with perimeter dimensions. During the inspection we will be taking notes about specific elements of the property and its overall condition.

    4. Research and Analysis

    Our state licensed certified appraiser will use four main elements of comparison to determine your property’s sub-market: time of sale, location, property type, and size. You can think of your property’s sub-market as the population pool from which a smaller sample set will be narrowed to use as comparable sales. This is a critical step in every assignment and requires an exhaustive comparison of numerous properties using additional elements of comparison such as: condition, age, style (design), and exterior amenities. We will typically research sales going back three years but will focus on sales that have occurred over the prior year.

    5. The Report Writing

    This is where the magic happens! We organize and analyze all of the data that we have collected in support of our valuation and perform a ‘Highest and Best Use’ analysis of the property we are appraising. Real estate is not fungible and no two properties are exactly alike, which is why even after carefully selecting the most similar comparable sales, we are likely to make additional adjustments when warranted based on differences between the subject of our appraisal and each comparable sale included in the appraisal report.

    6. Delivery Information

    To help ensure compliance with client-specific requirements and regulatory guidelines each assignment receives an automated rules-based engine review and is subsequently hand-reviewed by an experienced appraiser prior to delivery. We use the latest appraisal software and a comprehensive order management platform to deliver our reports quickly and in the format you require.

    PRICING

    We would do it for the love but you can't eat it.

    STAY CONNECTED

    info@providenceappraisal.com

    When we release a new research report we notify the public with a tweet! Periodically we'll tweet interesting market and neighborhood trends—real time!

    Get in Touch

    If you have any questions please don’t hesitate to get in touch using the form below

      Visit Us P. O. Box 1506 Bowie, MD 20716
      Call Us Tell: +1 301 456 6668
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