DOCUMENT

RFP - Real Estate Appraisal Services 2007

  • YEAR CREATED: 2007
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: RFP - Request for Proposals
The document provides detailed guidelines for conducting property appraisals for the City. The appraiser is required to personally inspect each property and submit a narrative appraisal report within 20 days. In cases of partial takings, the property owner or their representative should be given the opportunity to accompany the appraiser during the inspection. The appraiser must also conduct a damage study to determine severance damages and include it in the appraisal report. If necessary, the appraiser can modify or supplement the report without any additional cost to the City. The appraisal report should contain a summary section with project details, report date, parcel number, property address, and owner information. It should also include the appraiser's estimate of the fair market value of the entire parcel and the same interest in the land if vacant. The report should state the limiting conditions of the appraisal, certifications of the appraiser, and their opinion of the fair market value of the property. Additionally, the appraisal report should provide the owner's name and address, a description of the property and any interests in it, basic property data such as zoning, tax burden, and occupancy, information about the buildings and improvements on the property, and a sketch plat showing the land and its surroundings. The report should also mention any violations of zoning laws that may impact the property's value, the appraiser's opinion of the highest and best use for the property, and their reasoning process and supporting data for determining the fair market value. Furthermore, the document emphasizes the importance of providing detailed information about the comparable properties used in the appraisal report. It also mentions the need to analyze and include any other relevant information that may impact the appraisal.
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