Private Use Appraisals
PRIVATE USE APPRAISALS
So, what exactly is a Private Use Appraisal and how is it different from appraisals done for mortgage purposes? From an Appraiser’s standpoint all aspects are the same except a private use appraisal is done on a “Hybrid URAR” or “General Purpose” (GPAR) 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 “Hybrid 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.
DUTIES OF AN APPRAISER
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 PRIVATE APPRAISALS
Divorce
Estate/Probate (retrospective or CMV)
Flood Damage
Immigration
Insurance (with cost approach)
Investment
IRS Lien Removal
Listing
Selling & (FSBO)
Tax Protest