Desktop Appraisal for Nonlending purposes?

[WadeKoutnik]

I am guessing this is either an investor just trying to get some numbers. Can I complete this assignment and on what form? Any specific language that needs to go in it?

EDIT: IT is for a bank actually. SO I guess it needs to go on a DESKTOP VALUATION SUMMARY APPRAISAL REPORT?

Anyways, any language that needs to go in these that isn't already?

 

[RSW]

What do they want th pay, $35-$45?

 

[WadeKoutnik]

$100 (each) There are ten of them mostly in the same neighborhood

 

[RSW]

What appraisal software package are you using? If you are using ala mode, you can find a desktop valuation (limited appraisal/summary report) form. I don't do these for lenders, myself. I have lost several big clients because I refuse to do them. They said that is I did not do these type of appraisals they would not send me any regular appraisal orders. I guess that is my loss. Most of the clients that want these done have a form on the website or like BofA they have a Homefocus desktop form in the alamode software that they use.

Good luck!!

 

[Mike Boyd]

For $100 each, 10 separate properties, I think I would just provide CMAs. It is easy and usually can be done through MLS, although there may be a small fee the MLS would impose on each one.

 

[DWiley]

We use a custom form created in Word. That way we don't have to worry about deficiencies in a pre-printed form.

Once you get a template established the hourly rate (at least for us) is typically better than that of a "full" appraisal.