Relocation appraisal

Time is money. This is never more true than when you or your company need
an appraisal of your “old” home when you’re relocating to a new area for work.

When you put your “old” home on the market and take advantage of your employer’s
relocation assistance, you’re interested not in the “fair market value” of the home, but
its anticipated sales price, typically as soon as possible — usually not to exceed 120-180
days. But the need for speed doesn’t mean the relocation appraisal is a more simple
matter than your average lending/mortgage appraisal. Quite the contrary, it entails
special expertise, training, and skills on the part of the appraiser or appraisal firm
you select.

When an appraiser performs a relocation appraisal, he considers recent closed sales,
competing listings in the area, as well as pending sales. He offers a forecast of the likely
sales price you can rely on, considering the dynamics of the neighborhood at the time
of the relocation. All relocation appraisals should be reported on the standard ERC
Residential Appraisal Report form, the industry’s accepted relocation appraisal format.