• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Enhanced desk review

Status
Not open for further replies.

terr

Freshman Member
Joined
Jan 29, 2002
Professional Status
Certified Residential Appraiser
State
Wisconsin
How does an "enhanced" 2006 Desk review differ from a 2006 desk review.

Thanks Much
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
By "enhanced" I think they want you to provide new comps with your value opinion, or state that you agree with the value opinion in the appraisal.

P.S. I charge the same for an appraisal as a "enhanced" review. It's the same work and liability as a full blown appraisal. :wink:
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Be very careful with a desk review. I would recommend negotiating a full field review at a good fee if you disagree with the appraisal in any way. Don't get into USPAP trouble over a desk review and certainly don't get in more trouble than the person you are reviewing. Don't forget the deadly seven (scope, purpose, intended use/user, etc.).
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
An enhanced review is the lenders way not to order another appraisal. They are asking you to provide a value conclusion supported with additional comps. Very risky, you will be doing an appraisal and a review. Charge accordingly and be sure to have a complete work file. Good luck.
 

terr

Freshman Member
Joined
Jan 29, 2002
Professional Status
Certified Residential Appraiser
State
Wisconsin
Thanks to everyone who responded.

Much Appreciated
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
Terr:

Typically on an EDR, the lender also wants hardcopy of your sources, be they MLS sheets and/or county data sheets.

I think they want to make sure two appraisers are not lying to them :roll: .
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
What???? Appraisers lie? Well I never!
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks