Products & Services

This report is completed on the URAR form 1004 and provides the benefit of a full interior and exterior inspection of the subject property. This report is used to estimate the market value of the subject property as defined in Uniform Standard of Professional Appraisal Practice (USPAP), and is completed in compliance with LCI Appraisal Services and Lender guidelines.

The product includes the following attachments
• Completed URAR form
• Subject property photos including front, rear, street scene, and any amenities substantially affecting marketability and/or value
• comparable sales photographs
• flood map if property is located in a flood prone area
• a floor plan sketch with exterior dimensions and gross living area calculations
• location map showing accurate locations of the subject and all sales utilized in the report and appropriate certifications and limiting conditions

This report is similar in all respects to the standard Single Family Residential Appraisal with the following additions

• A completed Single Family Rent Schedule (form 1007)
• Operating income Statement (form 216)

This report is completed on the URAR, FNMA form 1004, and provides the benefit of a full interior and exterior inspection of the subject property. This report is used to estimate the market value of the subject property as defined in the Uniform Standard of Professional Appraisal Practice (USPAP), and is completed in compliance with LCI Appraisal Services guidelines, Lender guidelines, and additional guidelines set forth by the Federal Housing Administration. Each FHA appraisal report must include a unique FHA case number in the upper right hand corner of each page that is assigned by the lender and obtained through the FHA Connection website.

The product includes the following attachments
• Completed URAR form
• Subject property photos including front, rear, street scene, and any amenities substantially affecting health and safety, marketability and/or value
• Comparable sales photographs
• Flood map (if property is located in a flood prone area)
• Floor plan sketch with exterior dimensions and gross living area calculations
• Location map showing accurate locations of the subject and all sales utilized in the report
• Appropriate certifications and limiting conditions

Appraisals of two-to-four unit residential properties are reported utilizing the Small Residential Income Property Appraisal Report.

The product includes the following attachments
• Analysis of competitive listings
• Cost approach
• Analysis of competitive rents
• Sales comparison analysis
• Completed operating income statement
• Subject property photos including front, rear, street scene
• Comparable rentals and comparable sales photographs
• Floor plan sketch with exterior dimensions and gross living area calculations for each unit
• Location map detailing the locations of the subject and all rentals, listings and sales utilized in the report
• Appropriate certifications and limiting conditions

Condominium appraisals are reported on the Individual Condominium Unit Appraisal Report and comply with USPAP, LCI Appraisal Services, and customer guidelines. Effective January 1, 2006, condominium appraisals completed for FHA loans will also be reported on Form 1073. A full interior and exterior inspection of the subject unit is made and a concise analysis of the project and market are provided. Attachments comparable to those included with the single-family residential report are also included in the condominium report. Non-owner-occupied unit appraisals include a completed rent schedule and operating income statement.

Appraisals for foreclosure and real estate-owned (REO) purposes are reported on the same group of forms as previously noted, typically the 1004 form for single family residential properties, the 1073 form for condominiums, and the 1025 form for two-to-four unit properties. REO reports generally have multiple objectives. These include: To determine estimates of market value based on the present condition of the subject improvements, frequently under normal and restricted marketing times. Marketing time assumptions will be clearly defined in the limiting conditions incorporated into the final report and may not match the standard definition of market value included in USPAP and the statement of limiting condition. To develop and report a detailed list of those repairs, and their respective costs, necessary to bring the subject improvements into an overall condition that will optimize marketability and value. To determine estimates of value based on the assumption of cmpletion of the recommended repairs to the improvements as described in the repair list. These estimates of market value may also be based on normal market conditions existing as of the effective date of appraisal, as well as a value estimate made under a restricted marketing period, as defined in the final report.

Standard REO appraisals include the following attachments
• Photographs of the interior and exterior subject improvements
• Photographs detailing areas of special concern with the subject improvements, standard front, rear, and street scene photographs of the subject property
• Photographs of all sales utilized within the report
• Floor plan sketch with exterior dimensions and gross living area calculations
• Itemized list of recommended repairs, with estimated costs to complete each item
• Map detailing the location of the subject and all sales utilized in the report
• Appropriate certifications and limiting conditions

Used on investment properties to provide an estimate of market rents for the subject property.

Used on 1-4 income investment properties and 2-4 family owner-occupied properties. Applicant provides income and expense projections to be used in determining income approach to value.

This is a combination form and replaces the Appraisal Update and the Completion Certificate. If used as an Appraisal Update, the appraiser must:

• Concur with the original appraisal
• Perform an exterior inspection of the subject from the street
• Research, verify and analyze current market data in order to determine if the property has declined in value since the effective date of the original appraisal
• Provide Front and Street scene photos of the subject
• If used as a Certification of Completion: The appraiser must make a statement that improvements have been completed in accordance with the requirements and conditions stated in the original appraisal report. (Or, if not, impact on market value must be stated.) Required exhibits include: Front and street scene photos
• Photographs of completed improvements

Appraisal Pricing

URAR 1004
Single Family Residential $450

URAR 1073
Condo $450

URAR 1025
Multi Family/ Duplex $600

URAR 1004
FHA SFR $450

URAR 1073
FHA Condo $450

Rental Survey & Operating Income Statement
$150

442
Certification of Completion $100

Properties valued above $1 million
Call 619-723-7026 for a custom quote

Payments for FNMA/FHLMC loan orders are only to be prepaid to comply with all HVCC standards

All appraisal fees must be paid in full before the appraisal is delivered. The appraisal fee is non-refundable after inspection is completed.