To purchase, sale, refinance, estate, divorce, financial planning/trusts, PMI removal, bankruptcy, pre-foreclosure/short sales, pre-listing, pre-purchase, FSBO, property tax dispute, mass appraisal and etc.
With any of these situations an appraisal is needed from a licensed or certified appraiser in your state. Simply contact us and fill out an appraisal request form or talk with us to determine exactly what you need.
It is important you find someone who can give you a professional report, backed by sound appraisal principles, which HomeLab can offer. This is not something you search around for the lowest price on, it can cost you much more in the long run if you end up with a report that is inaccurate or not credible. Don’t take that risk.
Most appraisers are independent contractors, meaning they work for themselves and must secure work from other entities, nothing is guaranteed. Some appraisers in this situation may take assignments for low pay because they don’t have enough work. There is nothing wrong with this unless they are not well equipped for the particular assignment. Be sure to ask questions to ensure the appraiser you are hiring is familiar with the area your property is located in, has done work there in the past or is taking steps to become knowledgeable.
There is no single standard appraisal report form, format, or style. However, for residential mortgage lending, Fannie Mae (FNMA) and Freddie Mac (FHLMC), which are Government Sponsored Enterprises (GSEs) that purchase mortgages on the secondary market, have developed residential appraisal report forms that are commonly used to communicate the appraisal of properties used as collateraL.Regardless of the type of appraisal report used, all appraisal reports must contain sufficient information to enable the intended users to understand the report properly.
A 1004 appraisal form is considered to be one of the most commonly used forms in residential real estate appraisals. In accordance with USPAP a 1004, or URAR, is completed when estimating the market value of a single-family dwelling complete with an exterior and interior inspection. It includes information about the property, the neighborhood, market statistics, comps, property photos, floor plans, and other pertinent details.
This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned unit development (PUD) based on an interior and exterior inspection of the subject property. This report form is not designed to report an appraisal of a manufactured home or a unit in a cooperative project.
Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached Condominium Unit or a 1-unit property with an accessory unit. An exterior-only inspection of the subject property is required.
The Small Residential Income Property Appraisal Report is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects. The appraisal report, which is based on interior and exterior property inspections, is used for mortgage lending, servicing and portfolio management in the mortgage lending industry.
Appraising multiple-unit properties is usually more complicated than appraising single-family homes. Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing. We provide first-rate service that insures we’re approaching the market with the best tests to yield the best results for you.
Land appraisals are an essential part of the real estate due diligence process for high-value parcels of vacant land. As most land buyers do not understand how to value land, HomeLab can help give you an idea of how much a property is worth and how much should be paid for it.
HomeLab provides more of a focus on statistical analysis, and can also provide AVM’s (automated valuation models). There is extensive experience in the public sector completing mass appraisal work (think valuations for counties for tax purposes) which gives insight into that process and a unique ability to handle large amounts of data and to extract relevant information.
Colorado mainly, but we are licensed in Kansas as well and are available for more complex assignments. Looking forward to expanding in the near future.
Anyone with a need to know a property value as of a given date. This may include homeowners, borrowers, lenders, attorneys, real estate agents, bail bondsman, and more. Appraisers are credentialed by the state and require testing and continuing education to ensure they are up to date on all issues of property appraisal. This ensures an accurate valuation based on proper appraisal methodology. This means appraisers are taking into account many factors other parties may not think of or be able to properly analyze.