Puerto Rico Appraisers & Real Estate Services, Inc.

PUERTO RICO APPRAISERS AND REAL ESTATE SERVICES

PROUDLY SERVING PUERTO RICO & SURROUNDINGS OVER TWO DECADES

BASIC SUMMARIZED INFORMATION FOR UNDERSTANDING PROFESSIONAL REAL ESTATE APPRAISALS

Who is the client?

The person or entity that engages the services of the appraiser.

What are the appraisal fees?

What is customary and typical for professional appraisal services in the marketplace, considering the property, the market, the scope of work needed to solve the appraisal problem, the complexity of the assignment and the approaches and methods to be developed, and additionally the user(s) and use(s) of the appraisal report.

What about appraisal report types?

  1. Form Reports (summary reports)
  2. Appraisal Reports (narrative reports)
  3.  Restricted Appraisal Reports

Amongst the various types or real estate subject to an appraisal, the following are typically considered:

  1. Vacant land
  2. Residential
  3.  Commercial
  4. Industrial
  5. Institutional
  6. Special Purpose
  7. Conservation (may require an appraisal under the Uniform Appraisal Standards for Federal Land Acquisitions, known as UASFLA if federal funds are used in the acquisition for conservation)
  8. Easements
  9. Usufructs

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