Greg Myers Appraisal

Appraisal Product	Form	Fee
FHA - Single Family Residence	1004 / 70
FHA - Condominium	1073 / 465
FHA - Multi-Family	1025 / 72
FHA - Manufactured Home	1004C / 70B

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Note on Fees:

The above fees apply to typical residential properties of less than 3000 Sqft. in size in average or better condition. Additional charges may be required for additional work related to assignments that do not meet these conditions or those properties located in remote areas. The client will be notified as soon as reasonably possible when non-standard conditions are encountered and any additional fees must be approved by the client before work will proceed further.
(Non-FHA appraisals are $50 less.)

Note on Drive-by Appraisals:

Drive-by appraisals are only available when access to current information on the interior condition is available from a reliable, disinterested party source. Fee for a drive-by, when available, is the same as the fee for the corresponding product with an interior inspection.

Cancellation Policy:

No fee will be charged for assignments canceled prior to one hour before the inspection appointment or at the time of notification of non-standard conditions prior to the inspection, which ever is latter. A charge of 50% of the fee will be due for cancellations after the inspection, but prior to delivery of the report.

Note on the Cost Approach:

The cost approach will normally be included when it contributes to credibility of the assignment results in the view of the appraiser. Generally this would be properties less than 5 years old although each assignment will be evaluated individually. For assignments completed on FNMA form 1004 where the cost approach is not necessary for credible results and is specified by the client as not required in the order notes, the normal fee will be discounted $25.

It should be noted that the cost approach in an appraisal report is not a good source for determining insurance needs. The definition of "Replacement Cost" used by appraisers and the one used by insurers is not the same according to the Marshall & Swift cost data supplier utilized by the appraiser. Relying on an appraisal report cost section data for insurable value will likely result in the property being under-insured due to the differences in the two definitions. A professional in the field of insurance should be consulted to ensure adequate coverage.

Turn Around Times:

I limit the number of orders I will accept in any particular week so as to be able to provide superior service. The client will be notified by email once the appointment is set and of the details of the appointment. If a problem occurs in setting the appointment, the client will be promptly notified. For the typical order, I perform research during the week, inspect the property on Saturday and deliver the report on Monday. This schedule allows me to provide a superior quality appraisal in a predictable time frame.

Gregory Lynn Myers

Note on Fees:

Note on Drive-by Appraisals:

Cancellation Policy:

Note on the Cost Approach:

Turn Around Times: