Lender Appraisals
LENDER APPRAISALS
So, what exactly is a Lender Appraisal and how is it different from appraisals done for personal reasons? From an Appraiser’s standpoint all aspects are the same except a lender appraisal is done on a “URAR” form. The information included in the report is virtually identical. Either way, an appraisal determines the estimated market value of your home based upon physical characteristics and market conditions. Click here for a redacted example of a “URAR” appraisal report. Appraisal fees will vary based on the size and location of the property, and the intended use or purpose of the appraisal.
HOUSTON PROPERTY
A professional appraiser provides an impartial and an objective valuation of a property and must adhere to strict guidelines set forth by USPAP and TALCB. Texas Appraiser Licensing Certification Board (TALCB) exists to protect consumers’ interests as well as to ensure appraisers comply with the Uniform Standards Professional Appraiser Practice (USPAP) in their appraisal assignments. At BTR Home Appraisals, our goal is to provide affordable, accurate appraisal services while maintaining ethical adherence to those guidelines. Click here to see our base appraisal fees or select FREE QUOTE button below for an online quote.
TYPES OF LENDER APPRAISALS
As Repaired Value (ARV addendum)
HELOC
Investment
Purchase/Mortgage
Proposed Construction
PMI Removal
New Construction
Tax Protest