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Bayer Appraisals: located in Moreno Valley, (Riverside County)California - where we specialize in residential appraisals - in and around Moreno Valley. We believe in geographic competency.

COMPETENCY RULE (Uniform Standards of Professional Appraisal Practice / USPAP): "Prior to accepting an assignment or entering into an agreement to perform any assignment, an appraiser must properly identify the problem to be addressed and have the knowledge and experience to complete the assignment competently; or alternatively, must:

1. disclose the lack of knowledge and/or experience to the client before accepting the assignment;

2. take all steps necessary or appropriate to complete the assignment competently; and

3. describe the lack of knowledge and/or experience and the steps taken to complete the assignment competently in the report.

Comment: Competency applies to factors such as, but not limited to, an appraiser's familiarity with a specific type of property, a market, a geographic area, or an analytical method."

"The background and experience of appraisers varies widely, and a lack of knowledge or experience can lead to inaccurate or inappropriate appraisal practice. The COMPETENCY RULE requires an appraiser to have both the knowledge and the experience required to perform a specific appraisal service competently."

"In an assignment where geographic competency is necessary, an appraiser preparing an appraisal in an unfamiliar location must spend sufficient time to understnad the nuances of the local market and the supply and demand factors relating to the specific property type and the location involved. Such understanding will not be imparted solely from a consideration of specific data as demographics, costs, sales, and rentals. The necessary understanding of local market conditions provides the bridge between a sale and a comparable sale or a rental and a comparable rental."

Appraisals for:  Mortage loans    Divorce   

Estates    Relocation   PMI removal  

Listing Price establishment     Appraisal

Review    etc.

We strive to finsh appraisals in a timely fashion, but will not sacrifice quality for speed.  We stand behind our appraisals and are happy to re-visit an assignment if new data is available or mistakes are found, and will defend our reports against critical reviews. 

Other services we provide

Market Analysis    

A report addressing reasons why a perticular property is not selling - where the 5 topics of a successful real estate sale are explored:      This will not be an appraisal and no specific estimate of value will be provided. The price of this service is: $75

Motivation:  there are 3 elements to motivation: the motivation of potential home buyers in the market; the motivation of the listing agent and most important: the motivation of the homeowner.

Competition: a look at the listing competition, supply & demand and current rate of home sales.  

Marketing: Including analysis of MLS listing and what is being done to bring potential home buyers to see the property. 

Presentation:  how well does the property present itself - is it designed to sell

Price: a range of listing, pending and sold home prices will be included

Appraisal Critique

This is a free service where we will critique a problem appraisal and list the problems we see - for you to present to the lender.  This will NOT be an appraisal review that requires the reviewer to agree with the original appraised value or provide data to justify an alternative value.

For more information about Bayer Appraisals or the City of Moreno Valley, California - see the website: www.AppraisingMorenoValley.com

 

 

 


Bayer Appraisals 23110 Atlantic Circle Suite C Moreno Valley, CA 92553
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