3041 S. Kimbrough Ave. Ste. 107
Springfield, Missouri 65807
(417) 866-8300
fax (417) 866-8391
Springfield, Missouri 65807
(417) 866-8300
fax (417) 866-8391
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
Appraisal Services for:
- Financing
- Acquisition
- Disposition
- Development
- Tax Matters
- Foreclosure
Commercial Property Appraisal Reports
Southwest Valuation generally performs four types of appraisal services. 1) Complete, self
contained narrative reports; 2) Limited summary narrative reports; 3) Restricted limited form
reports; and 4) Review reports. The selection of the report type will depend on the client
needs, type of property, and nature of the market.
The selection for the appraisal report type is a decision made by both the appraiser and the
client. The client who routinely request appraisal assignments generally has guidelines
regarding the scope of work required and the appraiser will confirm this scope to be
appropriate upon acceptance of the assignment. Southwest Valuation reserves the right to
adjust the scope upon its initial property inspection and findings.
Complete Self Contained Narrative Report
This analysis and report type includes all three approaches to value when applicable and is
prepared in a way that allows the reader of the report to understand the analysis and
reasoning. This report type is most commonly applied to investment grade improved
property, and development grade land. This report type may also be appropriate for a
subject property that is exposed to considerable market uncertainty, due to market
conditions, physical conditions, and/or design.
The Complete Self Contained Narrative Report has the highest fee structure of all four
reports types prepared by Southwest Valuation, and the fee will depend on the property
type and extent of market analysis being applied within the report, however this report type
will generally have a fee starting in the area of $3,000.
Limited Summary Narrative Report
This analysis and report type does not apply all applicable approaches, but instead applies an
approach or approaches that would result in credible conclusions. The report is also
prepared in a more summarized fashion, so the reader may not be able to fully determine the
appraiser’s reasoning and support for the value conclusion.
The Limited Summary Narrative Report has a more moderate fee structure of all four reports
types prepared by Southwest Valuation, and the fee will depend on the property type and
extent of market analysis being applied, however this report type will generally have a fee
from $1,500 to $3,000.
Restricted Limited Form Report
Like the Limited Summary Narrative Report, this analysis and report type does not apply all
applicable approaches, but instead applies an approach or approaches that would result in
credible conclusions. However this report type only reports the value conclusions, is
prepared in a standardized format that has limited narrative discussion and analysis. Due to
the limited nature of this format, a Restricted Limited Form Report is restricted only to the
use of the client. It is the general policy of Southwest Valuation to apply this report type to
owner occupied commercial property and not to investment grade improved property and
development land.
The fee structure will depend on the property type, however this report type will generally
have a fee under $1,500.
Review Report
This report type is a review of another appraiser’s work. The review consists of a limited
review, or desk review, or a complete review that involves inspection of the subject property
and the comparable data relied on in the report. In the event the review appraiser does not
accept or agrees with the conclusion reached in the appraisal, the review report can reach a
value conclusion, but this conclusion must be supported like any other value opinion.
Southwest Valuation generally performs four types of appraisal services. 1) Complete, self
contained narrative reports; 2) Limited summary narrative reports; 3) Restricted limited form
reports; and 4) Review reports. The selection of the report type will depend on the client
needs, type of property, and nature of the market.
The selection for the appraisal report type is a decision made by both the appraiser and the
client. The client who routinely request appraisal assignments generally has guidelines
regarding the scope of work required and the appraiser will confirm this scope to be
appropriate upon acceptance of the assignment. Southwest Valuation reserves the right to
adjust the scope upon its initial property inspection and findings.
Complete Self Contained Narrative Report
This analysis and report type includes all three approaches to value when applicable and is
prepared in a way that allows the reader of the report to understand the analysis and
reasoning. This report type is most commonly applied to investment grade improved
property, and development grade land. This report type may also be appropriate for a
subject property that is exposed to considerable market uncertainty, due to market
conditions, physical conditions, and/or design.
The Complete Self Contained Narrative Report has the highest fee structure of all four
reports types prepared by Southwest Valuation, and the fee will depend on the property
type and extent of market analysis being applied within the report, however this report type
will generally have a fee starting in the area of $3,000.
Limited Summary Narrative Report
This analysis and report type does not apply all applicable approaches, but instead applies an
approach or approaches that would result in credible conclusions. The report is also
prepared in a more summarized fashion, so the reader may not be able to fully determine the
appraiser’s reasoning and support for the value conclusion.
The Limited Summary Narrative Report has a more moderate fee structure of all four reports
types prepared by Southwest Valuation, and the fee will depend on the property type and
extent of market analysis being applied, however this report type will generally have a fee
from $1,500 to $3,000.
Restricted Limited Form Report
Like the Limited Summary Narrative Report, this analysis and report type does not apply all
applicable approaches, but instead applies an approach or approaches that would result in
credible conclusions. However this report type only reports the value conclusions, is
prepared in a standardized format that has limited narrative discussion and analysis. Due to
the limited nature of this format, a Restricted Limited Form Report is restricted only to the
use of the client. It is the general policy of Southwest Valuation to apply this report type to
owner occupied commercial property and not to investment grade improved property and
development land.
The fee structure will depend on the property type, however this report type will generally
have a fee under $1,500.
Review Report
This report type is a review of another appraiser’s work. The review consists of a limited
review, or desk review, or a complete review that involves inspection of the subject property
and the comparable data relied on in the report. In the event the review appraiser does not
accept or agrees with the conclusion reached in the appraisal, the review report can reach a
value conclusion, but this conclusion must be supported like any other value opinion.