Appraisal Reviews

(Real Estate Matters)

 

Telephone  (317) 216-8601

 

Click Here to Contact Us, Email Us at [email protected]

24/7 for a Free Consultation

 

Reviews Involving Commercial, Industrial, Multi-Family & Agricultural Real Estate Matters

We are available to provide desktop and field reviews (with or without value opinion) of real estate reports on a statewide basis in Indiana.  These services are available for reports dealing with commercial, industrial, multi-family, and agricultural properties.

 

Appraisal Review

The 2016 - 2017 version of the Uniform Standards of Professional Appraisal Practice (USPAP) defines an appraisal review as follows.

 

"The act or process of developing and communicating an opinion about the quality of another appraiser's work that was performed as part of an appraisal or appraisal review assignment."

This definition section goes further to comment as follows.

"The subject of an appraisal review assignment may be all or part of a report, workfile, or a combination of these".

Reasons for a Review

Reviews are ordered for a variety of intended uses. Some of these demands may include.

 

● Regulatory Compliance

● Quality Control

● Litigation

 

There are two (2) basic types of reviews, the "desktop" review, and the "field" review.

 

Desktop Reviews

The Dictionary of Real Estate of Real Estate Appraisal defines a desk review as follows.

 

"An appraisal review that is limited to the data presented in the report which may or may not be independently confirmed.  A desk review is generally performed using a customized checklist of items.  The reviewer checks the accuracy of the calculations, the reasonableness of the data and the appropriateness of the methodology as well as the compliance with client guidelines, regulatory requirements, and professional standards."

Field Reviews

The Dictionary of Real Estate of Real Estate Appraisal defines a field review as follows.

 

"An appraisal review that includes inspection of the exterior and sometimes the interior of the subject property and possibly inspection of the comparable properties to confirm data provided in the report.  A field review is generally performed using a customized checklist which covers the items examined in a desk review and may also include confirmation of market data, research to gather additional data, and verification of the software used in preparing the report."

Fees & Timing

Fees for review assignments can range widely dependent upon the scope of the work requested, the type of report under review, and the type of property involved.  We can provide a solid fee & timing quote with some basic information about the scope of work required, the type of report under review, and the type of property involved.

 

Schreiner Valuation Resources, LLC

Telephone  (317) 216-8601

i[email protected]

 

Corporate Headquarters

101 W. Ohio Street, Suite 2000

Indianapolis, Indiana  46204

 

Services Available Statewide in Indiana - Appraisal reviews services involving real estate matters are available in Indianapolis, Fort Wayne, Evansville, South Bend, Gary, Hammond, Bloomington, Muncie, Anderson, Terre Haute, Lafayette, Elkhart, Mishawaka, Kokomo, Richmond, Columbus, Fishers, Carmel, New Albany, Greenwood, Plainfield, Portage, Michigan City, East Chicago, Marion, Merrillville, Goshen, West Lafayette, Noblesville, Granger, Valparaiso, Jeffersonville, Hobart, Schererville, Highland, La Porte, Munster, Clarksville, Crown Point, Logansport, Franklin, Valparaiso, Vincennes, Plainfield, Seymour, Shelbyville, New Castle, Huntington, Griffith, Frankfort, Connersville, and Lawrenceburg.