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Sales and support line (877) 363-6653
Serving Orange, Riverside
48 Hour Inspection and Appraisal has completed thousands of investment property appraisals. Expertise in the use of the income approach is required for the proper appraisal of investment properties.
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Investment properties - rentals and other non-owner occupied - require specialized handling. Tenants are uncooperative at times about scheduling an appraisal. Additionally, there are specific forms - operating income statements, rental surveys, etc. - that are required for the appraisal of investment properties. We've appraised thousands of investment properties and have the expertise to do it right! Click here to order an investment property appraisal. |
OUR GUARANTEE Our name is our promise... we guarantee a 48 hour turnaround on every residential appraisal. Our staff of appraisers and valuation experts will complete your appraisal report within two business days of the inspection date or we will deduct 20% from the appraisal fee. Orders not requiring an interior inspection will be completed within two business days of our receipt of your order. | ||
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INVESTMENT PROPERTY APPRAISALS Appraising owner-occupied residential properties relies most heavily on the sales comparison approach. Investment properties, by contract, require a more detailed analysis of the income approach as well. In the sales comparison approach, the appraiser compares the property being appraised to other recent sales (a.k.a. comps) in the immediate area. Adjustments are made to the price of those comps for differences in the number of bedrooms or bathrooms, square footage, lot utility, view, upgrades, etc. Through this process, the appraiser is able to estimate the value of the property being appraised. The income approach is of greater relevance for properties which generate rent; investment properties. Using this approach, the appraiser compares the income being produced by the property to other investment properties to determine the value of the property being appraised. The sales comparison approach is also utilized, but the income approach also plays a significant role in the overall determination of value. Expertise in the use of the income approach is required for the proper appraisal of investment properties. We've appraised thousands of single family homes, condominiums and 2-to-4 unit investment properties. We have the experience to apply every approach to value in order to provide an accurate, credible and strongly supported appraisal valuation. Another factor in the appraisal of investment properties is in working with tenants who often have rigid schedules or limited incentive to be accommodating. When appraising an investment property for a purchase, there is often uncertainty about a new landlord that can result in a lack of cooperation. Similarly, a property being appraised for refinance purposes offers no benefit to the tenant, so there can be resistance at times to allowing a stranger access to the tenant's rental unit. Sensitive to this scenario, our staff appraisers are flexible in scheduling appraisal inspections, unobtrusive while in the tenant's space and quick to conclude their appraisal inspection.
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