A Paradigm Shift
Until now, appraisers practiced the "art of appraising". The CVR provides a paradigm shift to the "science of appraising" using Interactive Valuation Modeling. For the very first time, we have software with the power to import all the latest, most current statistical data on nearly every property in the US right into our appraisal software. MLS data is imported into an Excel spreadsheet for regression analysis. County record data, aerial photography, and flood map data is retrieved, within just a few minutes, from the best databases in the country. The CVR employs the power of Multiple Regression Analysis to analyze hundreds of properties within a market. Instead of using just 3 to 5 comparables, we can now use hundreds of properties ... all the sales within the last 12 months and all the active listings within the subject's immediate neighborhood. Regression analysis will crunch the numbers on all of them. The software analyzes each component of value: the value of the GLA, baths, car storage, pools, spas, site, etc.. The software then grades each comparable, ranks them in order of similarity to the subject property and makes component adjustments to their selling prices. Then, we develop the classical sales comparison approaches found in all appraisals. The software uses the top 3 to 5 sold comparables AND the top 3 For Sale comparables. These two approaches are reconciled with the regression output to determine the appraised value.
The CVR Report is full of robust graphs, facts, figures, maps and aerial photography. The CVR Report produces the best, most irrefutable appraisal report possible. It has no bias. Take a closer look at a CVR Report by clicking here.
CVR Certification ...
Becoming Certified is no easy thing. To qualify, an appraiser first has to be a Certified Appraiser with 5 or more years of experience. His work history is platted on a map in his geographic area so lenders can see how many appraisals he has performed within his market and how close they are to their subject property. Currently, I am one of only 4 appraisers in my three county market area to be Certified. If an appraiser meets these requirements, he then has to take a course in statistics from Appraisal World and pass a test before he can take the rigorous 2 day training course. If completed successfully, the appraiser has earned his Certification from Appraisal World to generate these reports.
Uses for the CVR:
- Anybody and everybody who needs a quick, affordable appraisal
- Homeowners, buyers and sellers wishing to identify the current market value of a property
- Real estate Agents & Brokers who need to set a listing price or re evaluate a listing price
- Lenders needing a replacement for BPO's and AVM's
- Banks making 2nd mortgages or HELOC loans
- Banks needing to comply with their Inter Agency Guidelines
- Loan modification and Short Sale analysis
- Divorce and Estate Attorneys who need a quick, affordable appraisal
- Lenders needing a quick, affordable product for portfolio audits
- Bail Bondsmen needing a quick, affordable appraisal of a property
Seahaven provides full appraisal services:
Seahaven services Lee, Charlotte and Hendry Counties and all cities, towns and islands within these counties. Our clients include Banks, Lenders, Mortgage Brokers, Homeowners, Buyers, Sellers, Builders, Developers, Estate Planners, Tax Professionals, Attorneys & Realtors.
Remember, it's all about you and the service you deserve. I'll endeavor to give you the best possible service and expertise possible. Thanks for visiting!
Sincerely,
Fred Rossiter
State-Certified Residential Appraiser RD4507
State Licensed Real Estate Broker
Collateral Valuation Specialist
Florida Special Magistrate
Seahaven
Fred Rossiter
State-Certified Residential Appraiser RD4507
State Licensed Real Estate Broker BK3109918
Office: 239 283-1536
Cell: 239 896-0858
24 Hour
Rush Appraisals Available!
Seahaven
Appraisal Services
Real Estate, Appraisals, Appraisers, FHA, Cape Coral, Fort Myers, Punta Gorda, Port Charlotte, Sanibel, Captiva, Boca Grande and Lee, Charlotte & Hendry Counties.
The New CVR Report
I have some exciting news to share with you. I am now a Certified Collateral Valuation Specialist. What's CVR? It stands for Collateral Valuation Report. It is a brand new type of statistically supported residential appraisal that employs appraiser assisted Regression Analysis to predict the value of a property. It is designed to be very affordable at $175 and it is performed VERY quickly right from the appraiser's desk. For $10 more, VEROS Forecasting will predict the value of the property 3, 6, 9 and 12 months into the future. I can deliver these reports within 24 to 48 hours. Typically, an "on site" inspection of the property is not required! It is incredibly accurate! The CVR is USPAP compliant and is intended to satisfy market demand when something other than a URAR 1004 is needed. It's a remarkable product and I am one of only 4 appraisers in all of Southwest Florida qualified to perform them.
Learn about the new CVR Report
