The appraiser's opinion is the last word on value — the lender won't close without it. AI valuations are fast, but when the deal depends on a credible, defensible number, a licensed appraiser still signs the report.
2 AI translations · Real Estate
Inspect the property, research comps, make adjustments, develop the opinion of value, and write the report — URAR for residential, narrative for commercial. Measure the GLA, assess condition, note functional obsolescence, and photograph everything. The lender, borrower, and realtor are all waiting on your report and nobody thinks you're fast enough. Manage AMC relationships, fee pressure, and the increasingly complex compliance requirements from USPAP, Fannie Mae, and state boards.
Appraise commercial properties using three approaches: income (direct capitalization and DCF), sales comparison, and cost. For income-producing properties, analyze rent rolls, operating statements, lease terms, vacancy, and market rent — then capitalize or discount to arrive at value. Select appropriate cap rates from market transactions. For the sales comparison approach, adjust comparable sales for location, size, age, condition, and lease profile. Reconcile the three approaches with appropriate weighting. Comply with USPAP standards and, for federally-related transactions, FIRREA requirements.