Real Estate Appraisal in Western Washington 3604954940

Preston Home Appraisal Group provides Residential Appraisal Services throughout the Greater Puget Sound Region in Western Washington State. We offer excellent customer service; competitive fees; wide coverage area; reasonable report turn-around times; adherence to all applicable appraisal laws, rules, regulations, and of course--accurate, detailed and credible Residential Appraisal Reports.

If you are a mortgage loan representative or agent and seeking an appraisal for a mortage loan transaction, please contact us. We'd be happy to discuss our appraisal services with you. We also invite you to read further, for some important information regarding our appraisal services.

***NEW--UPDATE***

We are now offering a NEW APPRAISAL PRODUCT known as a CVR or Collateral Valuation Report. Click to view a Sample Report.

The CVR appraisal software has been recently developed, to offer the appraiser and their clients an appraisal product for Uses which are non-mortgage related, aka the 'alternate valuation market'. For mortgage lender's, this would included Uses for Short Sales, REO's, Portfolio Lending, Internal Decisioning Purposes, HELOC, etc.--in essence, for Uses which are not directly related to collateralizing a typical home mortgage loan, and therefore not required to meet the requirements of the 'secondary mortgage market', i.e Fannie Mae and Freddie Mac. Currently, many of the Top Banks and Mortgage Lenders in the country are now using the CVR for these Uses--and where the CVR is being viewed as an excellent alternative to the many other non-appraisal valuation tools available in the 'alternate valuation market', e.g. the 'BPO' or 'Broker Price Opinion' or the 'AVM' or 'Automated Valuation Model'.

Preston Home Appraisal Group is also included in a 'select group' of Appraiser's--where approximately only 1% of all Real Estate Appraiser's in Washington State are 'Certified' to use this type of appraisal.

--Here's the Great News-- Now You can Order a CVR!

Who should use a CVR Desktop Appraisal?

•This Desktop Appraisal Report is beneficial to homeowners, buyers, sellers, real estate broker's and mortgage professionals, for a variety of situations and at a cost that is appoximately 1/2 of a 'full' appraisal product.
•This Product is not an automated web site that 'spits out' information based on unreliable data--as an actual Appraiser at Preston Home Appraisal Group prepares this product. The Appraiser analyzes the housing market and uses the best available data to complete an Appraisal Report of the Subject Property for the client.

What is a CVR Desktop Appraisal?

•First and Foremost, this Product is a 'Summary Appraisal Report'. While it may appear quite different from other appraisal reports you may have seen or be familiar with, it meets the Uniform Standards of Professional Appraisal Practice or USPAP. The USPAP in its broadest context provides the 'guidelines' and 'requirements' that virtually all licensed/certified appraisers must adhere to in their appraisal practice. Within Washington State, the USPAP has basically been adopted into our specific appraisal laws, rules and regulations.
•The word "Desktop" is important as it defines the type or category of the CVR Appraisal. In other words, it does not include a Personal Inspection of the Subject Property--and in which the entire appraisal process is completed within the appraisers' office.
•The CVR utilizes a New and Sophisticated Appraisal Software program. At the heart of the software is the Regression Statistical Modeling which occurs. Regression has and continues to be utilized in virtually all industries--as it provides a statistically supported analysis and reasoning in reaching certain conclusions. Specific to the CVR, Regression provides the statistical support for appraisal adjustments; selection of comparable's; housing market trends; and other relevant housing data in determining Market Value.
•Per the Sample Report, additional information and data will also be contained in your CVR.

Where can a CVR Desktop Appraisal be used?

•A CVR can be used for most conventional 'stick-built' homes located on a residential lot or acreage. Some limitations or restrictions may apply with certain other types of residential properties--as these may not be suitable for the CVR due to their 'atypical' or 'unique' features.
•In effect, the vast majority of single family homes located within our coverage area and data source providers, are eligible for the CVR Desktop Product.

When should a CVR Desktop Appraisal be used?

•Homeowners/FSBO'S who are thinking about Listing their Home for Sale.
•Homeowners/FSBO'S who already have their Home Listed on the Market for Sale--and who may be considering a Price Adjustment based on Market Value.
•Homeowners that are considering Refinancing their home mortgage.
•Real Estate Agents/Brokers meeting with a new client to discuss a list price; or an existing client to discuss a possible price adjustment.
•Mortgage Professionals who have new clients that are unsure if their homes will appraise high enough for a refinance or other mortgage transaction.

Why use the CVR Desktop Appraisal?

•Cost effective at approximatley 1/2 the cost of a traditional or 'full' appraisal.
•Up to date and accurate housing market data and information specific to your home and property.
•The most recent and similar comparable sales, pending sales and active listings in your neighborhood and market area.
•Completed solely by a local appraiser with Preston Home Appraisal Group, who is an expert in the local Puget Sound housing market.
•Up to four (4) dfferent Value Estimates, including: Regression; Sales; Listings; and Predominant Neighborhood Price. With a final Opinion of Market Value determined by the appraiser after reconciling these Estimates based upon a number of factors explained in your CVR.

We are offering the CVR Desktop Appraisal for the low price of only $225.00. Your CVR is also completed in a matter of a few days, with a full color pdf copy delivered to you via e-mail.

In addition, (if/when deemed necessary), we also offer CVR's which do include either an 'Exterior Only Inspection' aka 'Drive-by', or 'Interior/Exterior Inspection' Options. These Options do involve addtional time and expense (mostly for inspection/commute time coupled with added appraisal development and reporting requirements) for the appraiser--therefore these Options are more costly, dependent upon location of your home/travel times, along with other potential factors.

For all the reasons we've cited, you owe it to yourself to get a Professional Appraiser's Opinion of Market Value of your home, and avoid the common pitfalls of: price speculation, over or under pricing; market participant bias; inaccurate and/or outdated market data, and pricing generalizations quite commonly found in the real estate market place.

*Don't risk your home as your most valuable asset--Contact us today to order your CVR, or one of our other Appraisal Products*