Appraisal Sciences
2950 Buskirk Avenue
Suite 300
Walnut Creek, CA 94597

Phone: (925) 407-4774
Fax: (925) 606-6407
Web: AppraisalSciences.com
Email: Orders@AppraisalSciences.com

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Full Product List

Product Description Matrix:

Desk Review – Appraisal DNA Desk

A desk review is a review of another appraisers original appraisal report. The scope of the work completed by the review appraiser is to determine the accuracy, adequacy and relevance of the subject’s data, comparable property’s data and the reasonableness of any adjustments made in the sales comparison grid. Subject data and comparable data verification is included to the extent of reasonable public availability. Subjective interior condition estimates are assumed to be reliable unless the reviewer has first-hand knowledge to the contrary. No physical inspection or photographs of either the subject or comparables is completed. The scope of this product may be expanded to include additional requirements. The appraiser also verifies the appropriateness of the appraisal methods and techniques used or developed in the report. The review appraiser also confirms the reliability of the analyses, opinions and conclusions in the report under review. If the original opinion expressed in the appraisal under review is deemed to be unreliable or inaccurate, then the development and reporting of an alternative opinion of value is included. An enhanced desk review is a product, which includes two additional comparables. The additional comparables may be closed sales, pending sales, or active listings and serve to further support the original estimate of value, if found reasonable.

Field Review - Appraisal DNA Field

A field review is the review of another appraisers original report. An inspection of the subject’s exterior and comparables is made, and photos are incorporated. The scope of the work completed by the review appraiser is to determine the accuracy, adequacy and relevance of the subject’s data and comparable data and the propriety of any adjustments to the data. Subject and comparable data verification is included to the extent of reasonable public availability. Subjective interior condition estimates are assumed to be reliable unless the reviewer has first hand knowledge to the contrary. The appraiser also verifies the appropriateness of the appraisal methods and techniques used or developed in the report. The review appraiser also confirms the reliability of the analyses, opinions and conclusions in the report under review. If the original opinion expressed in the appraisal under review is deemed to be unreliable or inaccurate, then the development and reporting of an alternative opinion of value is included. Clients may request additional comparables. The additional comparables will be included in a new sales grid and may be closed sales, pending sales, or active listings and serve to further support the original estimate of value, if found reasonable.

1004 – Uniform Residential Appraisal Report

The 1004 report consists of an interior and exterior observation of the subject property and a visual observation of the comparable sales used to support the value conclusion. Photographs include front, rear, interior, and street scene of the subject property. A floor plan sketch, plat map, and location map are included. This report option is considered the most comprehensive for both detached and attached single-family residential home appraisal purposes.

2055 – Exterior Only Inspection Residential Appraisal Report

This report is also commonly known as a “Drive-by Appraisal”. It is similar to a 1004 full appraisal, however is limited in scope because the inspection of the subject is made from the exterior only. Photographs of the subject’s front view and street are included. This report does not include interior or rear photos of the subject or a floor plan sketch. The subject’s size is based on county records only. A location map and plat map are included in the report.

1073 – Individual Condominium Unit Appraisal Report

The FNMA 1073 report consists of an interior and exterior observation of the subject property. It is the most comprehensive appraisal report option for condominium properties. Ideally, comparables from the subject immediate complex are utilized as well as one comparable from outside the complex. The report includes project and HOA information, such as amenities, fees, and project size.

1075 – Exterior Only Individual Condominium Unit Appraisal Report

This report is similar to the 1073, however is limited in scope as only an exterior inspection of the subject is made. The subject’s front view and street scene photographs are included. There is no floor plan sketch, and the square footage utilized is from county records only. The report also includes a subject location and plat map.

2090 – Individual Cooperative Interest Appraisal Report

The FNMA 2090 report consists of an interior and exterior observation of the subject property and all relevant photos. The report includes project and Co-op information, such as amenities, dues, project size, shares attributed to the subject, and project blanket financing. This report is the most comprehensive option for Cooperative Interest appraisals.

2095 – Exterior Only Individual Cooperative Interest Appraisal Report

This report is similar to the 1073, however is limited in scope as only an exterior inspection of the subject is made. The subject’s front view and street scene photographs are included. There is no sketch of the floor plan, and the square footage is utilized from County Records. A location map and plat map are included in the report.

1007/216 – Rent Survey/Operating Income Statement (Income Properties)

The 1007/216 reports can be completed in conjunction with a 1004, or as a stand-alone products. The rental survey provides three rental comparables, with photos, and a reconciliation to the subject’s market rent. Photographs of the subject and rent comparables are provided as well as well as a location map. The operating income statement forecasts the cost of operating an income producing property, such as management, utilities, supplies, and maintenance, as well as a reserve for replacement of items that wear out over time. The operating income statement is used for single-family homes, which are rented, vacant, or intended to be rented in the future, as well as 2-4 unit properties.

2075 - Marketability Report

The report includes a neighborhood overview and confirms the subject’s actual existence as well as its exterior condition. The subject’s front view and street scene photographs are included, along with a location map, a plat map, and an aerial photo. No value estimate or comparable analysis is included with this report.