The next generation in alternative valuations
Residential Evaluations
Residential Evaluations are offered by Eval.com in 50 States and Districts* that are fully compliant with FIRREA and the Interagency Appraisal and Evaluation Guidelines (IAEG). Eval.com is trusted nationwide by the top Banks, Credit Unions, Non-QM Originators, Investors and Regulators.
How are Residential Evaluations Used?
Credit Policy Guidance:
Who Completes Residential Evaluations?
Completion of residential evaluations is governed by federal regulations and state appraisal laws, which together with customer credit policies and intended use, defines who and how can perform the assignment.
Real-Estate Analysts
A trained analyst may perform evaluations where permitted under federal and state guidelines.
Appraisers (Non-USPAP)
A state-licensed or certified appraiser may complete evaluations outside of USPAP in certain states.
Appraisers (USPAP)
A state-licensed or certified appraiser must complete evaluations following USPAP in certain states.
What Property Types are supported?
Residential Broker Price Opinions are available on all single family property types and developments.
Single Family – 1 Unit
Multifamily – 2-4 Units
Condominium
Co-operative
Townhouse/Rowhouse
Manufactured Housing
Modular Housing
Planned Unit Development
Customer Highlights
Request Residential Evaluation Product Information
To request a sample report, fee schedule and other information.
What are Customers saying about Eval?
“We were always looking new evaluation vendors until we came across Eval.com. After that we told vendor mgmt. to stop looking because you do such an awesome job.”
SVP, Top 25 Regional Bank
“We found their evaluations to consistently support the value assigned and documented per the letter, and spirit, of the Dec 2010 interagency appraisal guidelines.
National Bank Examiner
“Ease of use, good communication if we had questions, quick response to revisions, and very helpful staff – a great experience!
Market President
“We continue to be impressed with the quality of the reports. The site is easy to use and your customer service is absolutely fantastic!
Real Estate Valuation Supervisor
What Additional Services are available?
Residential Evaluations can be tailored to support a wide range of customers requirements.
As-Is and As Complete Value
As-is value reflects the current market value of a property in its existing condition and state of occupancy, while as-complete value estimates the stabilized value upon completion of construction, renovation, or lease-up.
Rental Market Analysis
Evaluates market rents, lease comparables, local supply and demand to determine rental rates and absorption assumptions. This analysis supports income projections and underwriting of both stabilized and lease-up scenarios.
Insurable Replacement Cost
Estimates value by comparing the subject property to recent sales of similar assets, with adjustments for differences in location, size, condition, tenancy, and market conditions.
Independent Review
Our independent third-party reviews undergo a two-step process to ensure your evaluations comply with federal regulations—and make sense.
Liquidation Value
Liquidation value is an estimate of the price a property or asset would likely achieve if it must be sold within a limited time frame, under distressed or non-orderly market conditions, rather than through a typical marketing period.
Complex or Rural Properties
For single-family properties, some assignments are more complex or more time consuming to travel to and complete. These typically include acreages, access issues, outbuildings and/or limited analysis data.
Drive-by Exterior Inspection
A drive-by inspection includes a physical visit to the property to observe exterior condition, surrounding area, and overall market context, without entering the structure. It confirms property condition, and neighborhood influences.
Interior/Exterior Inspection
An interior/exterior inspection involves a full on-site review of the property, including condition, layout, deferred maintenance, and occupancy characteristics. This is the most comprehensive inspection scope.
A Smarter Way to Value
Request sample reports, fee schedules and a due diligence package.