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APPRAISAL - GAP PRODUCTS

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Appraiser Assisted Automated Valuation Model
The Appraiser Assisted Automated Valuation Model (AAVM) is pulled by a licensed professional appraiser (currently our staff appraisers) where data is available. The Appraiser Assisted AVM includes a review of information available in national databases only, not local market data. It is not an appraisal.

ValueGrid™
ValueGrid is a Limited Summary Appraisal Report that complies with Uniform Standards of Professional Appraisal Practice (USPAP) requirements. The ValueGrid uses the sales comparison approach to determine the market value of the subject property. The report compares three sales to the subject property using certain comparative date (e.g., distance between properties, square footage, number of bedrooms and bathrooms and sales price) that is critical in estimating market value of a property. The report may be completed under the following circumstances: 1) when there is adequate comparable market data in the neighborhood to develop a reliable sales comparison analysis for the subject property; 2) when the property rights appraised are fee simple; 3) when the property is existing (over one year old); and 4) zoning, if classified, is residential. The subject property is assumed to be a legal single family dwelling in compliance with current zoning. The ValueGrid form requires no inspection or photographs of the subject or comparable properties.

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