PA Certified Real Estate Appraiser/Broker/Instructor
2437 Walbert Avenue
Allentown, PA 18104-1325
Pager: (610) 798-0536
Fax: (610) 433-7208
APPRAISAL FEE SCHEDULE
as of February 13, 2019
(Passing low overhead savings to you)
I AM ONLY DOING COD* ORDERS FOR APPRAISAL OR APPRAISAL REVIEW ORDERS OUTSIDE OF
LEHIGH AND NORTHAMPTON COUNTIES.
(*"COD" - means paid in full before the appraisal is released)
These are minimum "net" fees.
COMMON USPAP REPORT FORMATS
COMPLETE "INTERIOR" URAR/CONDO AND REVIEWS (FNMA form 1004/1073/2000) ... $375.00**
LIMITED "DRIVE-BY" URAR/CONDO (FNMA form 704, 2055, 2065) ... $275.00
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 for 30 day billed orders);
$75 elsewhere. An additional $50 set up fee for final inspections on appraisals done by other appraisers. Additional $25 for New Construction "draw"
and final inspections. $25 discount if paid in advance.
2-UNIT RESIDENTIAL "INTERIOR" (FNMA form 1025) ... $475.00
3 UNIT or 4-UNIT RESIDENTIAL "INTERIOR" (FNMA form 1025) ... $500.00
FHA 203B APPRAISALS (FNMA form 1004) ... $375.00
FHA 203K APPRAISALS (FNMA form 1004) ... $575.00
LAND APPRAISALS (form FW68 or narrative) ... $300.00
FAIR MARKET RENT (FREDDIE MAC form 1000 or narrative) ... $250.00
FIELD REVIEWS ARE THE SAME FEE AS ORIGINAL APPRAISAL
DESKTOP APPRAISALS & REVIEWS (add $50 for 2-4 Units)... $200.00
SINGLE FAMILY INVESTMENT ... $425.00
REO APPRAISALS ... $425.00
EMPLOYEE RELOCATION COUNCIL APPRAISAL REPORT (ERC) ... $475.00
**(All "Interior" single family appraisal orders in Lehigh County paid COD are discounted $125)
*** $100 Discount for all "COD" appraisal orders! ***
(COD orders receive scheduling priority, otherwise first come first served)
(Appraisals receive priority over field reviews)
(Any overpayments are credited to future orders unless a refund is specifically requested)
*** $50 Discount for all "Preferred AMCs/Lenders" on BILLED orders who paid for their last appraisal from David S Feaver Appraisals within 14 days of delivery, and have no outstanding invoices over 14 days old.
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
($100 Additional Initial Self-Training Fee)
LEHIGH COUNTY & NORTHAMPTON COUNTY* ... No Surcharge
(*BANGOR & PEN ARGYL SCHOOL DISTRICT AREA SURCHARGE ... $25.00)
OUTSIDE LEHIGH AND NORTHAMPTON COUNTIES SURCHARGE ... 75.00
(14 day billed orders for Lenders and/or AMCs may be accepted anywhere as workload permits)
(30 day billing only accepted in Lehigh and Northampton Counties)
WEEKEND & NATIONAL HOLIDAY SURCHARGE ... $50.00
(applies only if requested by the lender/borrower/owner/client)
FHA APPRAISAL 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) OR .. $50.00 with appraisal, $100 without)
OPERATING INCOME STATEMENT (OI) ($75 for both SFR & OI with appraisal) .. $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)
PROPERTIES WITH OVER 5,000 TOTAL SQ FT REPORTED BY COUNTY … $100 SURCHARGE
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)
($25 discount if paid in full on or before inspection).
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 $25. 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. THEY WILL BE MARKED "AS AGREED" ON THE INVOICE. RUSH ORDER REQUESTS MUST BE MADE EXPLICITLY IN WRITING AT LEAST 1 BUSINESS DAY 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
(New inspections are $100.00 outside of Lehigh County)
UPDATES/REDOS with NEW EFFECTIVE DATE... Full fee minus $100 "redo discount" for "interior" appraisals and $25 "redo discount" for drive-bys
(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.)
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"!
(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.
(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.
PA Appraisal Cert #RL-1503-L
PA Broker License #RM-043556-B