Private Use (Non Lending) Appraisals in Round Rock, TX
There are many instances when you just need to know the value of a property and that is why we have developed the “General Value” appraisals. Not to be mistaken, these are COMPLETE APPRAISALS with the same integrity of research that you would find in a mortgage appraisal. The difference is these are “user-friendly”, easy to make sense of, and can be used for various applications. In fact, these are commonly used as a pre-sale tool by our Realtor clients to set a listing price and help sell a home at the best price for the market.
We use these reports for the majority of our non-lender work due to their straight-forward presentation of information. These types of appraisals are generally requested for private use and as such, need to be easy to understand while still conveying all the important information you’d expect to find in a thorough real estate appraisal.
The appraisal process used to develop a private appraisal is identical to its mortgage appraisal counter-part, following the same standards and research methods, but the reporting format is much more straight forward and uses less jargon. A private appraisal is a full appraisal and includes all the same steps, research, market analysis and appraiser conclusions for final conclusion of value.
What Goes Into a Private Use Appraisal?
The appraisal process start with a property inspection where we measure, take photos and make notes about the Subject. When then take our field data back to the office to begin the research and report writing. Once completed, we will send you a professional Pdf file report, sent through e-mail, containing the following:
- A survey of the home and it’s features, updates, condition, etc.
- A breakdown of the subdivision, sales trends in addition to sales data
- An intensive analysis of similar homes in the market area
- Outside and inside pictures from the subject property
- Exterior photographs of all comparable houses
- Area & flood maps showing the subject and comparables
- A total area sketch from the subject property
- A conclusion of valuation signed and dated by the appraiser
The final product is a thorough, user-friendly report that anyone can use to understand a value determination for a piece of real estate.