Relocation appraisal generally utilizes the Worldwide ERC Appraisal Report format and Scope of work. The Worldwide ERC is the association for professionals who oversee, manage, or support U.S. domestic and international employee transfer.
When a home is placed on the market and take advantage of an employer’s relocation assistance, the focus of the marketing and relocation program is not the “fair market value” of the home, but its anticipated sales price. Typically the property is to be sold as soon as possible — usually not to exceed 120 days. The need for speed doesn’t mean the relocation appraisal is a more simple matter than your average lending/mortgage appraisal. Quite to the contrary. It entails special expertise, training and skills on the part of the appraiser or appraisal firm you select.
When we perform a relocation appraisal, we consider recent closed sales but also competing listings in the area as well as pending sales. The appraiser developes a forecast of the likely sales price you can rely on, considering the dynamics of the neighborhood at the time of the relocation. All relocation appraisals are reported on the standard ERC Residential Appraisal Report form, the industry’s accepted relocation appraisal format.
If you’re a relocation services company in need of a local appraiser in Akron, Cleveland or the surrounding Ohio areas, we invite you to utilized our online quote and ordering form, or call, fax, or email us and request a quote or place an order.
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