BAC Desktop Appraisal

[OSU Beavers]

I finally got a BAC Desktop Appraisal for a decent fee. The subject sold in 2023, there are over 2 dozen interior MLS photos, and I used it as a comp, so I am comfortable with no exterior inspection. What do you all normally include in addition to the FLEXDESK form? Do you add a comparable photo page with MLS pics of the sales? How about Location, Aerial and Plat Maps?

Yes, I have read the engagement letter. It just states use the appropriate FLEX Appraisal Form to complete the BAC Desktop Assignment.

Any help would be appreciated.

 

[ucbruin]

I included any/all attachments and/or photos that I would with a traditional appraisal....

 

[OSU Beavers]

I included any/all attachments and/or photos that I would with a traditional appraisal....

I found this from on the ala Mode TOTAL website https://help.alamode.com/docs/2008

• This form will only pass through the checks on the bank side with the aerial map populated on Page 4.

• A maximum of 2 photos are allowed on this form and must be inserted into the photo slots on page 4.

• Other photo or map pages added to the report are not accepted by the bank's system

 

[sputnam]

It's still an appraisal. You must comply with Standards 1 and 2. Use SR 2-2(a) or 2-2(b) as a checklist.

 

[OSU Beavers]

It's still an appraisal. You must comply with Standards 1 and 2. Use SR 2-2(a) or 2-2(b) as a checklist.

Yes, I am concerned about verification of the comps without a drive-by inspection of their exteriors.

 

[Dublin ohio]

Yes, I am concerned about verification of the comps without a drive-by inspection of their exteriors.

If the cert is the same as included with the FLEX report in my software. It states you did not make a personal inspection of the comps

 

[JTip]

Include a link to the listing/photos. IDX feeds last forever.

 

[shrubberyvaluation]

Not sure what I decent fee is for these. Never been offered one before. Aren't these the ones they advertise for like $50 and claim it takes a half hour so you are making $100 an hour. Obviously the time it takes to do it USPAP compliant, is exagerrated.

 

[Tom D]

Do the google comp drive by if you are nervous.

 

[sputnam]

Yes, I am concerned about verification of the comps without a drive-by inspection of their exteriors.

Drive by inspections of comparable sales is a GSE lending requirement. It's never been a USPAP requirement. You only have to do it because the standard certification that you sign when using the 1004 form, says that you did.