Relocation appraisal

The purpose of the relocation appraisal report is the develop an opinion of the "anticipated sales price" for a relocating employee's residence. The anticipated sales price is the assumption that the home is placed on the market on the day of the appraisal report, which is the date of the property observation.

Anticipated Sales Price is defined as:
The price at which a property is anticipated to sell in a competitive and open market, assuming an arm's length transaction whereby:
1. The analysis reflects the subject property’s appearance "as is” (or as instructed by the client) and is based on its present use as a residential dwelling. (For new construction not completed see Guideline 1d.)
2. Both buyer and seller are typically motivated; both parties are well-informed or well- advised and acting in what they consider their best interests.
3. Payment is made in cash or its equivalent.
4. An assignment marketing period, not to exceed 120 days (or as instructed by the client) and commencing on the Date of Value Opinion, is allowed for exposure in the open market. The analysis assumes an adequate effort to market the subject property.
5. Forecasting must be applied to reflect the anticipated trend of market conditions and prices during the subject property's prospective marketing period.

Companies offer to buy transferees' homes to facilitate the employee relocation process, and they want the offer to reflect what the employee would have received for the home if it had been placed on the market the day of the appraisal report. The relocation appraisal report is compared to at least one other appraisal report on the same property and a Broker Market Analysis (BMA).  It is important that the relocation appraisal report be clear and comprehensive and include in-depth analysis and a high degree of accuracy. 

The relocation process can be very stressful for the transferee and their family. We will work with the relocation company and the transferee to make the appraisal process as smooth as possible. Certified Appraisals, Inc has many years of experience completing relocation appraisal reports and would welcome the opportunity to service your relocation appraisal needs.