Reovalue is an established appraisal management company, offering both residential and commercial appraisals nationwide. We are a subsidiary of United Field Services LLC, a leading real estate services provider operating within the state of California and beyond while supporting the full spectrum of the property portfolio lifecycle.
LOREM IPSUM
As an appraisal management company that only works with licensed appraisers, our job is to provide professional, objective, opinions of property values in a documented format, usually referred to as an appraisal report. Our certified appraisers are qualified following extensive training programs which include courses, tests, and practical demonstrations as well as additional continuing professional development courses, post-certification.
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How do we conduct home valuations?
Our valuations are conducted based on a number of factors including the property location, cost of renovations, and recent sales of similar properties in the vicinity. At the start of the process, our professional appraisers pay a friendly visit to the property with the intention of identifying any attributes which could potentially increase or decrease the value.
Following this visual inspection, a report is typically generated in one of three ways:-
– Cost-Based Appraisal, where the physical deterioration + depreciation values are deducted from the land value + the cost of restoring the property to a habitable standard.
– Sales-Based Appraisal, where the valuation is mirrored by the average selling prices of similar sold properties within the vicinity. This method tends to be favored by most appraisers as the most verifiable indicator of a property’s value.
– Income-Based Appraisal, where the value of a property is pegged against the returns on the investment made by any investor in the property. This tends to be the least favored valuation method used by our appraisers.
What do appraisal reports contain?
Depending on the appraisal method used to generate an report, its structure may vary. However, the contents tend to include the following:
– Applicable dates over which the appraiser’s valuations are made.
– The purpose of the report.
– A brief explanation of the type of value reported
– Features that may be relevant to the appraisal such as location, square-foot measurements, the additional non-real estate features e.g trade fixtures, and more.
– Legal clauses the property is bound by such as restrictions, leases, reservations, and more.
Our robust team of licensed real estate valuation professionals brings a combined two decades of experience in nationwide appraisals for both residential and commercial properties. Our experts have achieved high levels of professional accreditation and have consistently produced accurate appraisal reports which are compliant with the Uniform Standards of Professional Appraisal Practice.
At Reovalue, we are competent specialists in conducting thorough appraisal analysis in order to provide our clients with timely, comprehensive reports and valuations on both residential and commercial property assets.
Because we’re driven by a commitment to exceeding the expectations of our valued customers, we ensure that our customer service skills are second to none. Our customers are central to everything we do, and we are committed to making sure that the high standards that we set for each project translate into real financial value for our customers. From the first consultation to customer support, our mission is to align our knowledge and experience with your expectations in a way that facilitates your success in the dynamically changing real estate industry.
Our team of seasoned appraisal professionals will work closely with you to understand your requirements before identifying the opportunities that exist for you given the market dynamics, updates to policy, and trends in customer behavior. We unite across all fronts to provide you with the best value and the most accurate property services by moving fast to reduce the volume of internal bureaucracy required to get to the required results.
Contact us today to get a quote.
