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PA Certified Real Estate Appraiser/Broker/Instructor
2437 Walbert Avenue
Allentown, PA 18104-1325
Pager: (610) 798-0536
Fax: (610) 433-7208
Email: dfeaver@aol.com
APPRAISAL FEE SCHEDULE
as of October 23, 2024
(Minimum Fees and Turn Times - Passing low overhead savings to you)
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BILLED ORDERS ARE CURRENTLY ACCEPTED IN LEHIGH AND NORTHAMPTON COUNTIES
HOWEVER, I AM ONLY DOING COD ORDERS OR BILLED ORDERS PAID THROUGH EXPRESS DEPOSITS LLC
IN MONROE, CARBON, SCHUYLKILL, BERKS, MONTGOMERY AND BUCKS COUNTIES
COMMON USPAP REPORT FORMATS
COMPLETE "INTERIOR" URAR/CONDO AND REVIEWS (FNMA form 1004/1073/2000) ... $350.00**
LIMITED "DRIVE-BY" URAR/CONDO (FNMA form 704, 2055, 2065) ... $250.00
EXTERIOR INSPECTION (FNMA form 2075 Property Inspection - no value)
... $75.00 Lehigh and all of Northampton Counties except the Bangor & Pen Argyl School Districts where it is $25 more);
$125 elsewhere. An additional $50 set up fee for final inspections on appraisals done by other appraisers.
An additional $25 extra for new construction "draw" inspections/reports
and final inspections/reports.
Final Inspections outside Lehigh and Northampton Counties may take an additional day to inspect and deliver the report.
MANUFACTURED OR MODULAR HOME APPRAISALS (i.e., FNMA 1004C) REQUIRING A COST APPROACH IS AN ADDITIONAL $50.00.
2-UNIT RESIDENTIAL "INTERIOR" (FNMA form 1025) ... $450.00
3 UNIT or 4-UNIT RESIDENTIAL "INTERIOR" (FNMA form 1025) ... $475.00
FHA 203B APPRAISALS (FNMA form 1004) ... $350.00
FHA 203K APPRAISALS (FNMA form 1004) ... $550.00
LAND APPRAISALS (form FW68 or narrative) ... $250.00
FAIR MARKET RENT (FREDDIE MAC form 1000/FNMA form 1007 or narrative) ... $200.00
FIELD REVIEWS ARE THE SAME FEE AS ORIGINAL APPRAISAL
DESKTOP APPRAISALS & REVIEWS (add $50 for 2-4 Units)... $150.00
SINGLE FAMILY INVESTMENT ... $400.00
REO APPRAISALS ... $400.00
EMPLOYEE RELOCATION COUNCIL APPRAISAL REPORT (ERC) ... $450.00
**(All "Interior" single family appraisal orders in Lehigh and Northampton Counties paid COD are discounted $75)
$25 Extra for any appraisal in the Bangor and Pen Argyl School DIstricts
$75 extra for any appraisal outside of Lehigh and Northampton Counties.
minus discounts as follows:
DISCOUNTS
*** $75 Discount for all "COD" (i.e., paid in full before the appraisal is released) appraisal orders in Lehigh & Northampton Counties! ***
$55 Discount for all Lehigh and Northampton County orders paid through Express Deposits, LLC
$50 Discount only for "COD" orders outside Lehigh & Northampton Counties
$50 Discount only for "COD" unfinished new construction & 1025 Multi-Unit Appraisals anywhere
* $30 Discount for all orders outside Lehigh & Northampton Counties paid through Express Deposits, LLC *
No discounts for Final Inspections
(All orders are first come first served)
(Appraisals receive priority over field reviews or tax appeals)
(Any overpayments are credited to future orders unless a refund is specifically requested, or the client waives the overpayment credit. In this case it will be treated as an agreed bonus.*
(*IF THE COD PAYMENT IS NOT RECEIVED BY 5:00 PM EASTERN TIME ON THE BUSINESS
DAY BEFORE THE DELIVERY DUE DATE, THE DEADLINE GUARANTEE IS EXTENDED
1 BUSINESS DAY AFTER PAYMENT IN FULL IS RECEIVED BY 5:00 PM.)
OTHER USPAP REPORT FORMATS
SELF CONTAINED REPORT SURCHARGE (Add 1 day) ... $50.00
(Includes full explanations of data, reasoning, and analyses. Also includes thorough descriptions of the subject property, locale, market for the property type, and highest and best use analysis)
*RESTRICTED APPRAISAL REPORT DISCOUNT (See Note 1 below) ... $50.00
(Value only with no supporting documentation)
(NOTE 1: All appraisals with the exception of restricted appraisals include photos, maps, and sketch. However, restricted appraisals AND "Drive-bys" do NOT include sketch. Fees include emailed PDF or XML file, where appropriate. 1 hardcopy is free on request only. Only Lehigh and Northampton County appraisals include tax maps superimposed on aerial photography)
CLIENT'S CUSTOM FORMS
Add $50
($100 Additional Initial Self-Training Fee)
MISCELLANEOUS CHARGES
LEHIGH COUNTY & NORTHAMPTON COUNTY* ... No Surcharge
(*BANGOR & PEN ARGYL SCHOOL DISTRICT AREA SURCHARGE ... $25.00)
OUTSIDE LEHIGH AND NORTHAMPTON COUNTIES SURCHARGE ... 75.00
WEEKEND & NATIONAL HOLIDAY SURCHARGE ... $50.00
(applies only if requested by the lender/borrower/owner/client)
FHA APPRAISAL SURCHARGE (No surcharge - Included in fees above)
ADDITIONAL VALUES (eg. Before & After/Typical Market & Quick Sale etc) ... $75.00
ADDITIONAL COMPS (up to 3) INSPECTIONS SURCHARGE W/ ORIG PHOTOS ... $75.00
ORIGINAL LISTING COMP PHOTOS (up to 3)...included ($25 discount for MLS photos)
SINGLE FAMILY RENT SCHEDULE (SFR - FNMA1007/FHLMC1000) $50.00 with appraisal, $200 without)
OPERATING INCOME STATEMENT (OI - FNMA216/FHLMC998) ($75 for both SFR & OI with appraisal, $225 without)
Both SFR and OI withOUT prior appraisal and withOUT an inspection .... $125.00
PROPOSED OR INCOMPLETED NEW CONSTRUCTION SURCHARGE ... $50.00
"FINAL" INSPECTIONS ... $75.00 in Lehigh and Northampton Counties (except in the Bangor and Pen Argyl School Districts where the charge is $100)
($100.00 in Monroe, Carbon, Schuylkill, Berks, Montgomery, & Bucks Counties)
($50 additional file setup and orientation charge when another appraiser did the original appraisal.)
($25 additional when the subject is new construction regardless of original appraiser)
($25 Discount if paid in full on or before inspection.)
INTERIOR FIELD REVIEWS (Same fee as full appraisals + $50 - see above)
DRIVE-BY FIELD REVIEWS (Same fee as full appraisals - see above)
ORIGINAL LISTING COMP PHOTOS ... $25.00
HARDCOPIES... 1 paper copy only available on request for free
ADDITIONAL HARDCOPIES... $15 per copy
RUSH FEES (2 business day turnaround = +$50; 1 business day turnaround = +$100)
(Rush orders are accepted on a case by case basis depending on workload)
PROPERTIES WITH OVER 5,000 TOTAL SQ FT (ABOVE AND BELOW GRADE) REPORTED BY COUNTY … $125 SURCHARGE
(eg. 1 Story Homes with 2,500 Sq Ft or more of above ground living area and a "full basement" are charged a $125 SURCHARGE)
Each additional 2,500 sq ft above 5,000 sq ft above and below grade is $25 extra
I reserve the right to accept orders or not based on current workload.
TRIP FEE (If appraisal is cancelled after inspection but before delivery)... $75.00
(Trip Fee is $100.00 in Monroe, Carbon, Schuylkill, Berks, Montgomery, & Bucks Counties)
Any client fees (eg, AMC fees, Mercury Fees, broker splits, upload fees etc.) over $10 gets added to the invoice (rounded up to the nearest $5.00).
48 HOUR RULES - Lenders with a 48 hour rule will be charged an additional $50. 48 hour rule states that the appraisal must be delivered
within 48 hours of inspection if it cannot be delivered by original due date, even if the inspection is delayed by the borrower or homeowner.
ANY FEE OFFERED BY THE CLIENT ABOVE THESE FEES WILL BE CONSIDERED A BONUS AND NOT A RUSH FEE UNLESS A RUSH IS SPECIFICALLY REQUESTED AND AGREED TO IN WRITING. THEY WILL BE MARKED "AS AGREED" ON THE INVOICE. RUSH ORDER REQUESTS MUST BE MADE EXPLICITLY IN WRITING AT LEAST 2 BUSINESS DAYS BEFORE THE REPORT IS DUE.
UPDATES/REDOS & RECERTIFICATIONS
APPEALS BASED ON "PRIOR SETTLED COMPARABLES"... No charge
("Prior Settled Comparables" means settled BEFORE the effective date of original appraisal)
RECERTIFICATIONS (No new photos, dates, or inspections)... No charge
(Simply certifying, upon review, that the original value as of the original date is correct)
APPEALS/UPDATES BASED ON "NEW SETTLED COMPARABLES"... $50.00
("New Settled Comparables" means settled AFTER the effective date of original appraisal)
(This assumes the effective date of the appraisal is not changed)
NEW COMP PHOTOS OR INSPECTIONS... $50.00 additional
($75 more in the Bangor and Pen Argyl School Districts. New inspections are $100.00 outside of Lehigh County)
UPDATES/REDOS with NEW EFFECTIVE DATE... Full fee minus $100 "redo discount" when the original appraisal was an "interior" appraisal and $25 "redo discount" when the original appraisal was a drive-by.
(Updates/Redos require a cursory reinspection and new photos of the subject and have a $100 minimum charge.)
UPGRADES... Difference between fees plus $50-$75 "additional trip fee"
(Downgrades are treated as "drive-by redos" with only a $25 discount if new effective date is required. Only a $25 charge for retyping if no new inspection is required.)
***REASSIGNMENTS/REORDERS/NEW ORDERS***
USPAP Advisory Opinion 26 (AO-26) States that "Once a report has been prepared for a named client(s) and any other identified users and for an identified intended use, the appraiser cannot "readdress (transfer) the report to another party."
I therefore cannot honor requests for a copy of an appraisal completed for another client. If you need an appraisal for a property that I have completed recently for another client, you must place a new order & pay the following fees:
(1) New order with an effective date that is the same as a recent full inspection - $50.00
(2) New order with same effective date but new parameters -
To be negotiated on a case by case basis
(3) New order with new effective date: Full fee minus $100
(This is also called a "redo")
LATE DELIVERY REFUND ... $100.00 plus any "rush fees"!
DELIVERY OPTIONS
(1) $100 Late fee discount applies if the first draft of the appraisal or field review is not electronically delivered (i.e. by fax, email by PDF file, or via EDI) by 9:00 AM of the fourth business day after inspection. Additional days late are discounted $10 per day. Drive-by orders are guaranteed to be delivered electronically by 9:00 AM of the fourth business day after the written order if in Lehigh and Northampton County only and in writing and fully accepted. Otherwise, it is based on the drive-by inspection date,.
(2) Hardcopies (only on request) will be mailed two day priority the next business day after completion unless otherwise instructed.
(3) Overnight hardcopy delivery "via commercial carrier" by request for an additional $15.
(4) Personal delivery available in Lehigh or Northampton Counties by request. No charge.
(5) COD Appraisals paid with post-dated checks are held until the check clears.
(6) In the event a COD payment is not received in full by the day before it is due,
the appraisal may not be delivered until 9:00 AM of the SECOND business day following receipt of the payment. In this case, no late delivery discount applies.
(6) FHA Appraisals cannot be released (even verbally) without a written Case number.
(7) No new deliveries to individuals or companies until all 30+ day old invoices are paid in full.
(8) Turnaround guarantee does not apply if delivery is not received for the following reasons:
spam or other filters, firewalls, black listing or failure to white list,
redirection, inability of the computer operator to understand download procedures,
failure to download, incorrect delivery instructions included misspelled or incorrect email addresses,
automated reviews that can't be addressed or circumvented, etc.
In these cases, a call will be made to the client the next business day.
(9) This appraiser reserves the right to postpone the "start date" for purposes of determining the guaranteed turnaround based on workload. Call 610-442-6898 to confirm turnaround times.
(10) This appraiser reserves the right to take an extra business day to provide all original photos if necessary.
Respectfully Submitted,
David Feaver
PA Appraisal Cert #RL-1503-L
PA Broker License #RM-043556-B
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