| Please Note:
We send comps as an accommodation to our clients.
The comps we send our clients are based on what we find in the public
record to identify the subject property and seemingly, similar sales in
the neighborhood. These comps are not exhaustive but initial
research into sales in the neighborhood. USPAP (our guidelines)
prohibits appraisers from making value judgments without doing an
appraisal. We cannot tell you what the value might be without
going through the appraisal process.
We generally recommend doing an appraisal if there are comps that
bracket the estimated value. We suggest you allow the borrower to
check the comps and decide if an appraisal is warranted.
If you would like something more than just a comp check, we can
provide a "Desk Top Appraisal" within 24 hours. This appraisal is
limited and all properties may not qualify due to complexity and the
amount of public record data available. The $175 fee can also be
applied to upgrade to a full appraisal.
Thanks for the
opportunity to be of service.
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