|
3381
Bucklin Hill Rd, Silverdale, WA 98383
PO Box 2257 Bremerton, WA 98310
(360) 613-5528 or (360)613-5529
fax(360)
613-5530 or Email |
Frequently Asked Questions
|
- What is an
appraisal?
- Why is an
appraisal needed?
- Our
Certifications...
- Types of
Appraisals, clients and fees....
- Appraisal
procedure...
A n
appraisal is an opinion of value or the act or process of estimating
value. This
opinion or estimate is derived by using the three common approaches, all
derived from the market. They are:
- Cost Approach
to value is what it would cost to
replace or reproduce the improvements as of the date of the appraisal,
less Physical Deterioration, Functional Obsolescence, Economic
Obsolescence.
- Market
Approach to value makes use of
other "bench mark" properties of similar size, quality and
location that have recently sold. A comparison is made to the subject
property.
- Income Approach to
value is of primary importance in ascertaining the value of income
producing properties, has little weight in residential type
properties. This approach provides an objective estimate of what a
prudent investor would pay based upon the net income the property
produces.
After thorough analysis of all
general and specific data gathered from the market, a final estimate or
opinion of value is correlated.
Back
to Top
An appraisal may be
requested for one if not a combination of reasons:
- Transfer of
Ownership
- To help
prospective buyers decide on offering prices.
- To help
prospective sellers determine appropriate selling prices.
- To establish a
basis for exchanging property.
- To establish a
basis for reorganization or merging the ownership of multiple
properties.
- To determine the
terms of a sale price for the proposed transaction.
- To establish value
of estates and trusts.
- To establish value
during a dissolution.
- To determine value
of partial interest.
- Financing and
Credit
- To estimate the
value of security offered for a proposed mortgage loan.
- To provide an
investor with a sound base for deciding to purchase a real estate
mortgage.
- To remove PMI (Private Mortgage Insurance)
- Just
Compensation in Condemnation Proceedings
- To estimate the
market value as a whole - before the taking.
- To estimate the
market value of the remainder after the taking.
- To estimate the
damages to the property.
- Tax Matters
- To separate
depreciable (or capital recapture) assets such as buildings, and
non-depreciable assets such as land and to estimate applicable
depreciation (or capital recapture) rates.
- To determine a
gift or inheritance taxes.
- To estimate the
value of preservation easement.
- We provide
quality, State Certified appraisals in a timely manner: Our
professional appraisals are backed by years of knowledge and training.
- All appraisals
are conducted in accordance with the Uniform Standards of Professional
Appraisal Practice (USPSP).
We offer a
wide variety of residential and commercial appraisal services.
 Upon
receipt of an appraisal request,
we attempt to contact the borrower or owner within two(2) working days. We
may not be able to set an appointment within 2 days but we will let your
client know that we have received an appraisal request. Although we
typically expect payment from you as our client, as an additional service,
we can collect the appraisal fee at the time of inspection. When we
complete the appraisal, we will immediately mail the appraisal to you via
US Mail or email.
- Our market areas range
from rural properties and "mini farms" in outlying areas of
the county to urban condominium and subdivisions developments both
existing and proposed.
- We serve the
west Puget Sound region of the State of Washington within the
boundaries of Kitsap, Mason,
Jefferson, and West Pierce Counties, which
include the communities of Silverdale, Bremerton, Kingston, Bainbridge
Island, Port Orchard, Poulsbo, Port Townsend, Belfair, Shelton, Allyn,
Gig Harbor, Seabeck, Hansville, Port Gamble, Indianola, Suquamish,
Keyport, Manchester, Burley, Chimacum, Forks, Port Ludow, Grapeview,
and Hoodsport
 We
accept VISA and MasterCard.
You may use phone, fax or e-mail
for appraisal orders.
|
| |
|