RPD Analytics is pleased to provide services that include the following appraisal types:
- Single Family Residences
- Condominiums & Townhomes
- Manufactured Homes
- 2-4 Units/Small Income Producing Properties
FHA Appraisals
RPD Analytics is proud to be a qualified FHA Appraiser. We’re qualified and approved to perform appraisals your FHA insured loans.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in the event that the borrower defaults on loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who don’t meet requirements for conventional loans. FHA differs from VA in that the lender can choose the appraiser.
FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Foreclosures/REO Appraisals
When it comes to homes in foreclosure and those reverted to lending institutions (e.g. bank, credit union, private lender, etc.), ownership presents special appraisal challenges.
For a property in foreclosure, you may need to know the difference between fair market value and “quick disposition” value, in order to understand your potential charge-off liability. RPD Analytics specializes in providing snapshots of fair market value for mortgage lending and servicing clients as well as “quick sale” forecasts that understand your timeline.
Owners of property in foreclosure, present unique challenges. The home may be abandoned, neglected or even damaged. RPD Analytics has the experience and training to address the unique needs of foreclosure appraisal.
Listing Appraisals
If you’re working with a real estate agent to list your property, they will likely provide you with a Comparative Market Analysis (CMA). A CMA lists selected sales in your area as one of the first steps in determining what to set as the “Listing Price”. This step is vital if you’re going to maximize your profit and minimize the home’s time on the market.
Even if you’re working with the most experienced real estate agent, it’s usually in your best interest to have an objective third-party opinion of value prior to signing a Listing Agreement. RPD Analytics can provide you with a pre-listing appraisal that will give both you and your agent an accurate description of your home’s features and a detailed analysis of the most recent and similar “comparable sales” or “comps.” A professional appraisal will help you set a realistic selling price for your home.
Once you have a potential buyer
It is a good idea to give your potential buyer a clear idea of your home’s condition inside and out including written proof.
Many people are surprised to learn that the market value of their home is much higher than they thought. Investing in a professional appraisal can mean several thousand dollars more upon the sale of your house. It can also avoid an inflated assessment that could lead to overpricing and losing out on sales.
Relocation Appraisals
You may want to put your home on the market to take advantage of your new employer’s relocation assistance. Even more than the “fair market value” of the home, you must consider its anticipated sales price – often you need this assessment sooner rather than later- often in less than 120 days. The need for speed doesn’t necessarily lend itself to simpler appraisal. Actually, it entails special expertise, training and skill from your appraisal firm.
At RPD Analytics, we consider not only recent closed sales but also competing listings in the area and pending sales. We offer a reliable forecast of the likely sales price taking into consideration the dynamics of the neighborhood at the time of the relocation. All relocation appraisals are reported on the standard ERC Residential Appraisal Report form, the industry’s accepted relocation appraisal format.
For relocation services organizations in need of a local appraiser, we invite you join our list of satisfied clients. Our professional relocation appraisal service is backed by our superior service, turn time, and knowledge of the market.
Divorce Appraisals
Finalizing a divorce involves a myriad of decisions, including “Who gets the house?” There are generally two options – it can be sold and the proceeds divided, or one party can “buy out” the other. In either case, one or both parties should order an appraisal. Divorce appraisals require a well-supported, professional appraisal that is defensible in court. At RPD Analytics, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal. We understand the sensitive needs that a divorce presents.
Attorneys and Accountants rely on RPD Analytics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand the requirements of financial and legal professionals and are accustomed to dealing with the parties involved.
As an attorney handling a divorce, you may need an appraisal to establish fair market value for residential real estate. Often the divorce date differs from the date you order the appraisal. The professionals at RPD Analytics are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of divorce. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Condemnation Appraisals
Not only is it a good idea, it’s your constitutional right that if the government wants to condemn your property, or take it from you by means of “eminent domain,” you must be given just compensation.
The government is likely to have its own idea of just compensation, possibly based on a professional appraisal. But an appraisal on your behalf, performed under the standards of the Uniform Standards of Professional Appraisal Practice (USPAP), is powerful and useful evidence of what you’re entitled to – protecting your rights.
RPD Analytics performs work for government clients needing to offer and provide just compensation in eminent domain cases. A USPAP-compliant appraisal is the best way to determine fair market value.
Homeowner Appraisal Services
A homeowner may need an appraisal and/or an appraisal review for a variety of reasons, including a mortgage refinance, home equity loans, pre-listing services, and PMI removal. When you request an appraisal or review from RPD Analytics, you can rest assured that you will get the best in professional service, courtesy, and quality.
Refinance / Home Equity Appraisals
When your lender asks you for your choice of appraisal firms, the answer is RPD Analytics. We are likely on their “approved list.” RPD Analytics can work with you and your lender.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
It can be very hard to be objective about your home because, well, it’s your home. A Professional Appraiser is objective and will tell you what you need to know, not always just what you want to hear. In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal is very valuable as a negotiating tool once you have a potential buyer.
Today, lots of homeowners are choosing to forego the help of a real estate agent and selling their homes FSBO (For Sale By Owner). Selling your home by this way can potentially end up saving you a substantial commission (industry average is 5-7% of the home’s selling price). Plus many FSBO sellers feel that they have more control in the process of selling their home.
PMI Removal Appraisals
A popular money saver for homeowners in the last few years is to get the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for “Private Mortgage Insurance”. Once your mortgage loan amount is down below 80% of the value of your home, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. We are experienced in helping folks just like you rid themselves of unneeded and unwanted PMI insurance.
Field and Desktop Appraisal Review Services
Have you just received a copy of your appraisal and you’d like to have a professional to review it for accuracy? Or do you need a second opinion without the cost and delay of waiting for a whole new appraisal?
Appraisal Field Reviews: We will check your appraisal for accuracy and provide an exterior “field inspection” of the subject and comparable properties for maximum appraisal certainty. This can be particularly useful in any situation requiring a second opinion on value.
Appraisal Desk Reviews: When you need to check the facts, RPD Analytics will deploy our professional market researchers and office databases to deliver reviews with the highest degree of precision in the industry.
Estate/Probate Services
Settling an estate is a critical yet stressful job. As an executor you have been entrusted to swiftly and precisely carry out the wishes of the deceased. Count on RPD Analytics to handle your case in a timely manner with the sensitivity and respect that it deserves.