Q: How can I obtain a McDade & Company Introduction Package?
A: Click here to download a C.L. McDade & Company Introduction Package
Q: Can I get an appraisal readdressed to my bank?
A: No, USPAP forbids simply changing the name of the client for 3 reasons:

1. Client – Appraiser contractual relationship
2. Confidential nature of opinions and data contained in the report
3. Considered misleading, in terms of the original intended user of the report


FIRREA allows a regulated lender to use a report that was prepared for another "financial services institution". This means that lender B can use a report that was prepared for Lender A, even though lender A is shown as the client. Lender B does not have to be named as a client.
New assignment; re-order the appraisal and create a new appraiser-client relationship. Fees, another inspection and revised scope of work will likely be a result.
Q: What is an appraisal?
A: An appraisal is a process that leads to an opinion of value. This opinion or estimate is reached through a formal process that normally uses what we, at McDade, refer to as the three ''common approaches to value''. 1. Cost Approach - Cost of improvements, less physical deterioration and other factors, plus the land value. 2. Sales Comparison Approach – Comparing your property to other similar properties that have recently sold. The Sales Comparison Approach is normally the most accurate and best indicator of value for a residential property. 3. Income Approach – Estimates what an investor would pay based on the income produced by the property. This is an important approach when evaluating income-producing properties.
Q: What does an appraiser do?
A: An appraiser provides a professional, unbiased opinion of market value, to be used in making real estate decisions. Generally, this analysis comes in the form of an appraisal report.
Q: What does the appraisal report contain?
A: Each report will show a credible estimate of value and identify the following:

The client and other intended users.
The intended use of the report.
The purpose of the assignment.
The type of value reported and the definition of the value reported.
The effective date of the appraiser's opinions and conclusions.
Relevant property characteristics, including location attributes, physical attributes, legal attributes, economic attributes, the real property interest valued, and Non-real estate items included in the appraisal, such as personal property, including trade fixtures and intangible items.
All known: easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature.
The division of interest which is including but not limited to fractional interest, physical segment and partial holding.
The scope of work used to complete the assignment.