Certified Appraisals

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Appraisals

When you need to determine the value of a privately held mortgage, trust deed or other note secured by real estate. You'll find that we are truly professional, responsive and very cost effective and highly confidential.

The purpose of the appraisal is to estimate the current worth of the Mortgage, Trust Deed or Land Contract at its present value. Meaning the value that is placed on it in today's current market by actual investors and underwriters.

The current worth of a Mortgage, Trust Deed or Land Contract is determined by the present value approach.

DEFININTION OF PRESENT VALUE: The sum of all future benefits accruing to the holder when such benefits are discounted to the present by an appropriate discount rate. The discount is determined by the market using the following factors: DEGREE OF SAFETY: This is the certainty with which the return from investment is expected. Present value increases or decreases according to the safety factors. INTEREST RATE: This concentrates on the impact of changes in interest rates over time. Present values increase and decrease inversely proportional to interest rates. LIQUIDITY: This factor is the ability to liquidate an investment rapidly with a minimum loss of principal. Mortgages, Trust Deeds and Land Contracts by their nature are not liquid. MANAGEABILITY: This factor is the extent to which the investment requires attention and management over time. Taking all the above factors into consideration, the market place would require a % of yield. This yield would equate to a market value.

DEFINITION OF CURRENT WORTH: The most probable price which a Mortgage, Trust Deed or Land Contract should bring in a competitive open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date under conditions whereby (I) buyer and seller are typically motivated; (2) both parties are well informed or well advised, each acting in what they consider their own best interest; (3) payment is made in cash in U.S. dollars or in terms of financial arrangements comparable thereto; (4) payments are made in a timely fashion and there are no offsets; (5) interest rates remain the same.

Within 24 business hours of receipt of your request, we will contact you for any additional information if needed if necessary, and a photo of the property to be emailed to us, and a payment link for the appraisal fee. You will have the option to remit payment via credit card or Paypal. Once we have all of the required information, we will then run the numbers and send your Appraisal to you via email (pdf document). Watch your email for our correspondence. If you do not hear anything from us within 3 business days from today - please contact us as your email program may have blocked our emails.