Herr Valuation Advisors Inc.

Appraisal Request Form

Form Usage Choices:  

1:

Fill out form online and print form to your printer (you can then Fax or mail the form to us)

2:

Print form blank and fill out by hand                                      Fax to: (813)269-5888
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General Information

Request Date:

Client Name:

   

Client Company:

Phone:

Client Address:

Fax:

City/State/Zip:

   

Email:

   

Property / Job Name:

Property Contact Name /Company:

Address:

City/State Zip:

Phone:

Fax:

Email:

Property Information
Description:

Residential:

Single Family Individual Condominium      

Office:

Single Tenant Multi Tenant  

# of Units or Suites

Retail:

Shopping Center Anchored

Unanchored

 
      Freestanding  

# 0f Units or Suites

Convenience Store:

W/Gas WO/Gas      

Industrial:

Mfg R&D Self Storage  
      Distribution  

# 0f Units or Suites

Apartment:

       

# of Units

Condominium:

       

# of Units

Subdivision:

  Planned Unit Development (PUD)  

# of Lots

Hotel:

  Restaurant Meeting Rooms  
      Pool  

# of Rooms

Church:

           

School:

           

Golf Course:

  Tennis Pool  
           

# of Holes

Tower:

  Cellular Radio  

Billboard:

           

Automotive:

  Dealership Repair  
 

Mixed Use:

 Other:

 Building Size:
 Land Size:
Surplus or Expansion Land:
Renovation or Expansion Plans:
Age:              

Under 10 Years:

10-20-Years: Over 20 years:    
Condition:              

New/Excellent:

Average: Poor:    

Report Type Desired
Appraisal Type: Complete Limited          
Report Type: Self Containedą Summary˛ Restrictedł Drive By  
  Review              
Approaches Requested: Cost Income Sales Comp      
Interest Appraised: Fee Simple Leased Fee Leasehold Fractional  
  Other

Explain:

 
Appraised Value: Market Value Bulk Sale Upon Completion At Stabilization  
  Going Concern Investment Gross Sell Out Insurable  
  In Use As Is          
Appraisal Function: Asset Review Disposition Sale/Purchase Loan Underwriting  
  Estate Taxes Eminent Domain Pending Litigation  
 

Complete versus Limited Appraisal
A Complete Appraisal includes all of the approaches that the market typically recognizes to estimate the value of a property, i.e., cost, sales, and income. A Limited Appraisal excludes one or more of the approaches. By eliminating one or more of the approaches, the appraiser is compelled to rely on less data, information and analysis to reconcile into a final conclusion of value. It is similar to limiting the number of tests a doctor normally would perform to diagnose an illness. A request for a limited appraisal may or may not reduce the conclusion’s accuracy. However, in most appraisals, a complete report is more accurate than a limited report. A request for a limited appraisal is often made to reduce costs or save time. However, the client may not require a complete appraisal because the borrower has exceptional credit, the loan to value is far below the maximum limit, or because other forms of collateral or repayment is available. It is not legal for an appraiser to limit the appraisal process to the point where it becomes misleading.
The more information you can provide to the appraiser, the better the fee quote and delivery time will be. If limited
information is provided, the fee quote and delivery date may be increased to account for any additional components of the property that may arise. Please mention if there is a cell tower or billboard lease involved, environmental contamination, or
 
1 A Self-Contained Appraisal is a large comprehensive appraisal that discusses every aspect of the process, the property and the market. These are good for large, complex properties or for clients unfamiliar with the property and the market and who desire much more information.  
2 A Summary Appraisal gives the reader a summarized explanation and discussion of the property, market and analysis to a lesser degree than a self-contained appraisal. These reports are good for someone who is somewhat familiar with the property and area and desires to reduce the cost and delivery time.  
3 A Restricted Use Report is much like an outline. It contains only basic and essential information. This report is designed for those individuals who are very familiar with the property and the market and primarily want to know the value with minimal support and discussion. This report could be misleading to those individuals who are not familiar with the property.  

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