Real Estate Appraisals

An appraisal is an estimate of the value of a property by a licensed appraiser. An appraisal is typically required when people purchase or refinance a property. It provides the lender with a realistic property value.

ACBS offers five different types of appraisals – each in total compliance with applicable federal regulations. Appraisal services are available in 50 states.

Desktop Valuations
Freddie Mac Drive-By
Interior/Exterior
Full Fannie Mae
Commercial
 

Desktop Appraisal Valuation 

ACBS is proud to offer a desktop appraisal performed by a licensed appraiser.  This appraisal valuation is commonly used for refinancing, home equity loans, and home equity lines of credit.  The appraiser determines the value of the property through public records, tax assessments and comparable sales history.  We also interview the property owner for possible upgrades, property additions or any other item that would have a direct impact on the real value of the property.  Although the appraiser does not physically view the property, ACBS has the ability to send you a current photo of the property. The Desktop Appraisal is a highly effective tool in helping any organization attempting to improve their collateral assessment procedures. The Desktop also provides the ability for quick and effective values in areas that an Automated Valuation Model has limited ability.

Freddie Mac Drive-By

The Freddie Mac Drive-By report is the most widely recognized report format. Information on the improvements is obtained from various sources including county assessor's records and multiple listing services. The report contains three comparable sales and an adjustment grid. The package also includes an addendum page with photo of the property and location map.

Interior/Exterior

This is an upgraded Freddie Mac Drive-By Report. It includes an interior inspection. An addendum page describes the interior and exterior features. The report contains three comparable sales and an adjustment grid. The package also includes an addendum page with photo of the property and location map.

Full Fannie Mae

Also called a Uniform Residential Appraisal Form (URAF) this is the most comprehensive reporting format. This report contains a detailed inspection of the property, analysis of the market and three comparable sales. Included in the package are photos of the front, rear and a street view of the property; a location map showing the property and comparable sales; a floor plan and appraisal certification; and limiting conditions.

Commercial

Commercial Appraisal reports are for non-residential property. Examples include apartment buildings in excess of four units, mixed use residential and commercial properties, office buildings, retail and industrial properties. These reports are typically presented in a narrative format.

For more information call the Sales Department, toll-free at 1-866-530-2227.

Or by e-mail at salesdept@acbsi.com.