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Residential real estate appraisals of all types in the greater Asheville, NC area.
Troy Flack
po box 997
enka, NC 28715
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    Accurate Appraisal Services



    Services

    Accurate Appraisal Services, Inc. is a full service residential real estate appraisal office. We have experience with new/proposed and existing construction, modular homes, manufactured homes, townhomes, condominiums, and vacant land property valuations.  

    We provide real estate appraisals for:

    • Mortgages
    • Refinance/Home Equity
    • Mortgage Insurance Removal (PMI)
    • Relocation
    • Home improvements
    • Estate
    • Insurance
    • Tax appeal
    • Pre-listing appraisal purposes
    • And more...

    Fees for residential properties are determined on the basis of each case.

    Condominium (1073)
    This form is primarily used for use with condominiums and Planned Urban Development (PUD's). This report contains detailed information regarding the condominium complex, the management entity, and other market data which is specific to these forms of property ownership.

    Single Family (1004)
    This is the most commonly used form for single-family residential properties. This report includes a comprehensive interior and exterior inspection of the subject property, neighborhood, and current market data. The value is determined by considering all three approaches to value.

    Multi-Family (Small Residential Income Property)
    This form is typically used for small (1-4) residential income properties. It provides specific data on income factors that may include subject unit, market rental, and comparable income producing properties similar to the subject.

    Interior/Exterior (2055)
    This is a limited single-family appraisal and summary report. It is similar to the 1004, but uses only the Sales Comparison Approach and eliminates the Cost and Income Approaches. This report contains text addenda, as needed, Statement of Limiting Conditions/Appraiser's Certification, photos of the subject, and comparable properties (as requested), Building sketch, Location Map, Miscellaneous addenda/exhibits and proprietary forms, as required by client or appraiser. This report requires a physical interior inspection of the property.

    2055 Exterior
    This report is similar to the above report but is utilized when sufficient data exists for an interior inspection to be omitted.  This is an exterior report that requires no physical inspection of the property.

    2065 Exterior
    This is a limited single-family residential appraisal and summary report. It relies on the sales comparison analysis approach to value as part of a limited appraisal process. This streamlined report eliminates the cost and income approaches to value. The Sales Comparison Analysis method is used to prepare the Limited Appraisal Summary Report.

    Desk Review (RARS)
    This entails reviewing an appraisal done by another appraiser. All verification is done at the "desk." No photos need to be taken.

    Enhanced Desk Review (plus 2 add'l comps)
    Additional comparables added in supporting a new value or supporting the value given by the original appraisal. Photos are included for additional comps.

    2000 Field Review
    This entails reviewing an appraisal done by another appraiser by verifying information given in the report. The review appraiser will take new photos of the subject property and the comps.

    Enhanced Field Review (plus 2 add'l comps)
    Additional comparables will be added with photos, supporting a new value or supporting the value given by the original appraisal.

    Rent Schedule And Operating Income Statement
    These forms are completed when the property is non-owner occupied. It notes monthly area rents, location, age, condition, room count, design and appeal. It provides in grid format, for a subject property's estimated or actual rent through comparison of rental income generated by comparable properties.

    Vacant Land
    An appraisal done on a vacant piece of land or to determine the value of an improved piece of land.

    Relocation
    When a homeowner is relocated to a new property for business purposes and the company buys the property from the homeowner. These are typically 2 appraisals done by 2 different companies.

    442 Final Inspection
    When a property requires an inspection based on items typically not completed.

    Progress Inspection
    New construction to determine draws for the lender.

    Recertification of Value
    Used to determine whether a property has increased in value, remained stable, or decreased in value. Typically, used in appraisals 6 months or older.

    Refinance
    Used to lower the interest rate or to utilize equity from the investment.

    Retype or reassignment
    Turning the rights of the appraisal from one company to another.


    Accurate Appraisal Services
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