Commercial Form Reports - UCIAR - 71B & 71A (Short & Long)
Acceptable to lenders in many cases and can be used in non-complex IRS Valuations with appropriate documentation to comply with IRS valuation guidelines.
Limited Scope Restricted Use Appraisal Report - (Fees are based upon complexity of the assignment )(Typically 5 - 15 pages) Can include a desk top analysis, drive-by or full on-site inspection cataloging of property characteristics, photographs, and the opinion of value. For an additional fee, it can be expanded with a quick overview of market conditions and a brief listing of comps or expanded into a summary report later. This type of report is Restricted for sole & exclusive use of the client and not for third parties. Can be used for a preliminary value and first step in determining how to proceed in a litigation matter, lender internal use, buy or sell decisions, and other limited intended uses. Not to be used for underwriting a loan. Research on comparable sales, rents, spreadsheets, and other data are retained in the appraisers work file. Fees depend on complexity and difficultly of the assignment, property type, location, and other factors.
Limited or Expanded Scope Summary Appraisal Report - (Call for Quote) (Typically 25 - 75 pages). Typically, includes an on-site inspection, photographs of the subject & comps, market trends and conditions, zoning, highest & best use, three approaches to value, if applicable. Typically used by owners, lenders, developers, estate tax, attorneys, and can be used for IRS depending on the level of detail). Fees depend on complexity and difficultly of the assignment, property type, location, and other factors.