Appraisal consulting means the act or process of developing an analysis, recommendation, or opinion to solve a problem, where an opinion of value is a component of the analysis leading to the assignment results.
Appraisal consulting services, including market analysis, cash flow and/or investment analysis, highest and best use analysis, and feasibility analysis when it demonstrates proficiency in appraisal principles, techniques, or skills used by appraisers practicing under USPAP Standards 1 and 2 and using appropriate methods and techniques applicable to appraisal consulting.
If you require real estate expertise in buying, selling, markets, trends, and valuation but don’t require a formal appraisal, appraisal consulting is a good option for you. Appraisal consulting gives you the advantage of solid advice and guidance from a professional appraiser to answer questions, find solutions and help strategize before buying, selling, investing, or building. Appraisal consulting is often utilized in the construction of new homes. A builder might want to know the best options for home layout, size, location, features, and more for a particular market. Property investors might use appraisal consulting as a means of learning about real estate markets in a particular area before buying. The appraiser can advise on local trends, valuations, features and more, providing helpful data for every stage of the investment process.
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