Frequently Asked Questions
If you have questions before placing your restricted appraisal order please see if they are answered below. If you still have questions please reach out to David via email at david@woodbankgroup.com .
What if I need a typical appraisal after you’ve already completed a restricted one?
No problem! While this is a new engagement, if we use the same effective date of value then we’ve already completed much of the work and can turn this around to you for an additional fee.
How do I get the best appraisal possible?
Great question! Please be responsive to our questions, thorough, and organized with the information we request of you.
What is the difference between a restricted and typical appraisal report?
There are two primary differences: a) restricted reports are limited to one intended user and that user must understand the property well enough that they properly understand the more concise report and b) restricted reports oftentimes use 3rd party site “inspectors” and the depth of “inspection”, confirmations, and presentation of information is more concise.
How quickly will I receive my appraisal report?
When you order your appraisal you will be able to specify your turn time. For restricted appraisals our default is 14 days; however, we can turn them around as quickly as 5 days.
How much personal attention does my appraisal receive?
After we receive your order and complete some initial research, you will receive a call or email from one of our researchers or appraisers to get more detailed property history and information. From that point, your appraisal is personally managed by an experienced team member with the analysis and value conclusion completed by one of our appraisers.
Who does the analysis of my appraisal?
All of our analyses and valuation is completed by a state-licensed certified general appraiser and / or by David Lieberman, MAI, MBA who also holds a certified general appraiser license in each state that we operate in.
Can I use my appraisal report for financing a purchase with a bank or credit union?
No. Banking regulations require that the lender order the appraisal for underwriting from the appraiser. That said, if you tell your lender that you recently obtained an appraisal from us and we see the lender bid the underwriting appraisal out to us, we will extend a discount on that financing appraisal — which oftentimes saves you significant money and time.
Do you do litigation support if I need it in the future?
Yes. But, before we would agree to testify, we would require that you pay to upgrade the restricted appraisal to a typical report. The restricted format is limited to one intended user and the nature of litigation requires multiple users.
What if I disagree with your value?
Please email
david@woodbankgroup.com with specific questions or concerns about your appraisal. Of course, the more information you give us at the start of the appraisal process the more credible a value conclusion we will arrive at.
What if I just want you to conclude a certain value?
Then we’ll happily turn away your business. We take our craft very seriously, produce only credible appraisal reports, and are unwavering in our commitment to provide unbiased opinions of value.
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