The commercial /residential division of SumSource Appraisal Services provides its clients real estate valuation services for the following property types and purposes.
  
Property Type:
Residential SFR, Apartments, Industrial Facilities, Manufactured Housing, Office Buildings, Residential Subdivisions, Retail Properties, Self-Storage Facilities.

  Purpose:

·         Ad valorem tax

·         Condemnation

·         Consulting

·         Estate tax planning

·         Financing/lending 

      
Appraisal and Report Types:   
 
SumSource Appraisal Services can provide its clients with either a Complete or Limited Appraisal in a self-contained, summary, or restricted use-reporting format. Following is a brief description of both appraisal types, as well as their associated reporting formats.

Appraisal Type   
A Complete Appraisal is intended to comply with all of the requirements set forth under the Uniform Standards of Professional Appraisal Practice (USPAP). In a complete appraisal, all three approaches to value (Cost, Sales Comparison, and Income Capitalization Approaches) are considered. If any of the approaches are not developed, an explanation of their exclusion will be provided. This is the most reliable of the appraisal types.  

A Limited Appraisal provides something less than or different from the work required under the Uniform Standards of Professional Appraisal Practice (USPAP). Departure from certain specific guidelines found in those standards is permitted so long as the client and the intended users of the analysis will not be misled or confused by our conclusion. By mutual agreement between the client and SumSource Appraisal Services is limited to the most pertinent and reliable methodology for the type of real estate being appraised. This appraisal type is not as reliable as the Complete Appraisal. 

 Report Type:

A self-contained report provides a detailed and comprehensive discussion of the data, reasoning, and analyses that were used in the appraisal process to develop our opinion of value. This is the most detailed of the three reporting types.

A summary report does not contain all of the information that would normally be found in a self-contained document. A summary report makes a concise presentation of the data and analyses at a level of detail that is less than that in a self-contained report. Nevertheless, the information presented in a summary report is to be sufficient for the client and the intended users of the document to readily understand without being misled or confused.

A restricted use report presents no discussion of the data, reasoning, and analyses that were used in the appraisal process to develop our opinion of value. A restricted use report is for the clients use, only. Supporting documentation concerning the data, reasoning and analyses is retained in SumSource Appraisal Services files. This is the least detailed of the three reporting types. 

SumSource Appraisal Services

Commercial/Residential