It doesn't matter what type of property you need valued. Our extensive field work and formal training as Certified Residential Appraisers make us qualified to provide valuation services in Wayne County for clients ranging from national mortgage companies to local lenders or individual consumers.

A Certified Residential Appraiser from First Rate Appraisal is the most reliable source of an unbiased opinion of value when your needs include:
           
      Choosing an appropriate listing price for your home 
      Divorce settlements when an accurate value estimate of shared real estate is needed   
      Expert witness testimony when a reliable local authority on Michigan property values is needed
      Estate planning documentation
      Review appraisals: Getting a second opinion on a past appraisal in or around Wyandotte, Michigan
      Unfreezing a suspended HELOC (Home Equity Line of Credit)
      Mortgage professionals needing an experienced Wayne County appraiser
      Bankruptcy cases where the value of a home is needed
      Employee relocation appraisals
      Challenging a property's assessed value if you live in an area where real estate prices have declined

First Rate Appraisal maintains the highest professional ethics

Appraising is a profession, and appraisers are professionals. The rigors of becoming a licensed appraiser have become more difficult than ever in the past. That's why it goes without question in this day and age that real estate appraisal can certainly be considered a profession rather than a trade. In our field, as with any profession, we have a strict ethical code.

We have a lot of obligations as appraisers, but above everything we answer to our clients. More often than not, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. Consequently, appraisers are typically limited to only disclosing information to their clients, so as a homeowner, if you desire to obtain a copy of the appraisal document, you normally should obtain it from your lender instead of the appraiser. 

Other obligations include accurate figures appropriate to the parameters of the report, reaching and maintaining an appropriate level of competency and education, and of course, the appraiser must behave in a professional manner. Maintaining high ethics is what we do every day at First Rate Appraisal.

Appraisers will sometimes be required to consider the interests of third parties, such as homeowners, both buyers and sellers, or others. Those third parties normally are defined in the appraisal assignment itself. An appraiser's fiduciary duty is only to those third parties who the appraiser knows, based on the scope of work or other things in the framework of the job.

There are also ethical duties that have nothing to do with clients and others. For example, appraisers must be able to produce their work files for at least five years - at First Rate Appraisal you can rest assured that we adhere to that rule.

We require the highest ethical standards possible from ourselves. Working on assignments based on contingency fees is not something we can consider. That is, we are not able to agree to do an appraisal report and collect the fee only if the loan closes. Anyone should be able to see that inflating a value to achieve a bigger paycheck is unethical! We set ourselves to a higher standard.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") explicitly defines a violation in ethics as accepting of an assignment that is contingent on "the reporting of a pre-determined result (e.g., opinion of value)", "a direction in assignment results that favors the cause of the client", or "the amount of a value opinion" as well as other situations. We follow these rules to the letter which means you can be assured we are going above and beyond to objectively determine the home or property value.

With First Rate Appraisal, you can be assured of 100 percent ethical, professional service.