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About Appraisals
Scope of Work & Completion Time
The scope of work for an appraisal can vary widely, depending on the type of property, the intended use of the appraisal, and the reporting format selected. The scope of work also determines the time it will take for completion of the appraisal, ranging from a week to many months. Other schedule variables include the availability of our Appraisers, based on our current worklog.
Reporting Formats
Final appraisal reports can be either oral or written. Written reports can be very brief, using a short template form, or they may be formatted in a longer narrative format. Most of our written reports are in narrative format and are summary or medium in length.
Appraisal Fees
Fees for appraisals are based upon the amount of time we spend. This is generally most influenced by 1) the type of property, 2) the intended use of the appraisal, and 3) the reporting format selected. We normally require a signed contract and a retainer before we will begin any work. Some assignments can be performed for an agreed upon flat fee. Other assignments can only be performed on an hourly basis, billed and paid monthly, often with an estimated range of costs.
Please contact us if you think you may have a need for an appraisal and you have questions regarding our experience, fees, or availability.
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