A licensed real estate professional compares a subject property's characteristics with similar currently listed and recently sold properties in the area.
Current market conditions and information about the area are used to establish an opinion of value for the subject property.
Subject and comp photos and a map are also included, configured according to client preference.
Has disaster struck in the area of one or more of your portfolio properties? Do you need to verify the property’s condition under current regulatory guidelines short of a full-blown appraisal? First Valuation’s Professional Property Inspection (PPI) is beneficial in these types of situations so that steps can be taken immediately to mitigate risk.
A visual inspection of the property is completed by an expert real estate professional local to the subject’s area. In addition to the 20-point subject and neighborhood condition inspection with easily identifiable condition variances, the licensed local market expert determines whether the property appears typical to the homes in the area with no observable damage or deferred maintenance with a pass or fail result.
Beyond the pass/fail analysis, the PPI report provides current subject and neighborhood photos, mapping of the property and a detailed narrative commentary for both the subject and neighborhood from the agent in the field.
Contact Our Team To Learn More About Our Professional Property Inspection Reports If you have questions regarding our residential property condition report, contact us to get the answers you need.
BrokerPriceOpinion.com offers best-in-class Automated Valuation Model products through its integration with partner company Collateral Analytics (CA),
a recognized leader in home price forecasting and mortgage analytics.
The CA Value Residential AVM is a state-of-the-art online residential property valuation service which generates reports designed to meet the valuation needs of lenders, brokers and investment bankers, as well as anyone who requires fast, reliable and cost-effective residential property valuations. It can be used during every step of the lending or property assessment process from origination, underwriting and quality control to servicing, portfolio review and default management.
CA Value employs a multitude of approaches to value each property, including Hedonic Models or Multiple Regression Analysis, Appraisal Emulation, Time Adjustment, etc.
Multiple model approach as well as neighborhood-specific comparable selection guarantee the most up-to-date and precise valuation.
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