GET YOUR $25 APPRAISAL HERE!

A shameless ploy? No. It's a comp-search to you and me but to the Appraisal Standards Board (ASB) it's a limited scope appraisal. And it’s perfectly legal and recognized as a viable appraisal service by the ASB; there is an entry in USPAP that shows how it should be done *. This may be a prime example of you learning important things from this web-site (see item on Home Page stating that we want you to make an informed choice).

Everyone must begin with a solid understanding of the values and limitations of this appraisal product and then we can proceed in full compliance with USPAP.

1)     A “Comp search” is a $25.00 appraisal consulting service done to obtain an actual appraisal assignment.

2)     A “Comp search” is an appraisal with several Extraordinary Assumptions. It is limited by the amount and quality of data provided during the initial interview with the user of the service. It is almost impossible to expect to completely express every element of market appeal in a short interview or on a short questionnaire but we can usually get close and let you know what to expect form a full appraisal. Many times our clients need a comp search on the most complex of properties which further limits our potential for a perfect preliminary valuation. Terms like "total rehab" and "gut rehab" are thrown around quite loosely at the beginning stages of a loan application when hopes run high. But that is why it only costs $25.00.

      This is not a worthless product! We will not waste your time with endless pages of meaningless sales data and ask you to decide what you think the value is when you ask for a comp search. We will do the $25.00 appraisal we promised and all are done by an appraiser with at least 10 years of practical field experience.

     That being said, the purchaser of the $25.00 appraisal must understand that if the assumptions are not correct or are incomplete in some important aspect upon inspection of the property for the full appraisal then the original value estimate is null and void. 

     This service is intended to allow our serious lender/clients to get an idea of the validity of their expectations from the early stages of the loan process. It is the opinion of the management of HGS Appraisal that it is an abuse of the public trust to proceed with an appraisal for lending purposes knowing full well that the value estimate is unreasonable, that would be unethical. But that happens quite often in this industry. It would also be unethical for a lender to shop various appraisers for preliminary values until they find the right one. That is if we did preliminary values for free. Thus we help our clients avoid this unethical conduct by charging $25 for the service and by generating a limited appraisal report for that $25.00. The report is not fit for lending purposes and is not intended for lending purposes but is intended to comply with the Regulatory demands of our profession.

* Advisory Opinion 19, USPAP 2006 edition page 172, Illustration 1, lines 127 thru 138.

You can give it a try right now! Just select the Products tab on the home page and purchase the first option "$25.00 appraisal" then print out the following questionnaire and fax it to Hans at (866) 843-3893. The preliminary report will be generated and faxed or e-mailed to you within 24 hours. To expedite the process you can print out your confirmation of payment form and fax that with you completed questionnaire as we do not start the process until we receive the confirmation of your payment from our Shopping Cart Administrator.

                                Comp search order form

                                www.Hans-Appraisal.com

Be sure to complete all of the information to insure a valid result!

HGS APPRAISAL                

FAX: 866-843-3893

PHONE: 708-289-8786

Loan Officer/Client contact name and number:                          

Borrower name(s):

Borrower contact number(s):    (Day)  

                                        (Evening)

                                       (Cell)

Property address:

When purchased by Borrower and how much paid:

Special conditions of the prior sale or why it would be worth more today:

Property information:

Type (house, condo, 2-4 unit, etc…):-

Design (ranch, 2 story, Bi-level, etc…):-

Brick, frame, vinyl, or a mixture of these?

Number of bedrooms and bathrooms (not counting basement)

Age (approx. 1900, 1920’s, 1950’s, new, etc…):-

Basement (yes/no):-

List basement finished rooms here:-

Garage:

Amenities (fireplace, pool, deck, etc...):

Other (any additional information available):-

Borrower estimate of value: