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“Timothy Coester is one of the most highly respected real estate appraaisers in the washington D.C. area and has a reputation for training quaality appraissers”
Desktop Valuations - Desktop Appraisals:
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With the world seemingly at your fingertips the
appraisal world has also made some changes to allow
valuations with no inspection needed. These desktop
solutions vary in scope and in complexity however
offer a fast and reliable solution for a quack
valuation or analysis. Desktop Appraisal - These are becoming more and more popular as the infamous "comp check" becomes a thing of the past. The desktop appraisal is an actual appraisal preformed by a licensed or certified appraiser that researches the subject's tax records, MLS, and other online information, then finds comparable sales and actual prepare a report. These can typically be done the same day and are less than $100. Desk Review - This is a review of a previous appraisal done to ensure accuracy. It can provide great insight into what the appraiser did or did not do and can also assist in making a loan decision post pre-funding quickly. AVM's - These are Automated Valuations that provide an instant valuation based on multiple matrices and information. Reconciliation Report - This provides insight and value adjustment or advice on an existing Appraisal, BPO, or AVM. A reconciliation answers the questions of "What did they miss?" or "What could/should they have done?". They are valuable when additional information is needed for a report as an appraiser, realtor, or AVM can only provide so much information and the client could have particular request that is beyond the scope or expertise of the particular valuation.
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