Why is the cost of the appraisal required by the SSP Department more expensive than “typical” appraisals?
Like most other corporate buyout programs, a more lengthy analysis is utilized. Unlike a bank or refinance appraisal where only sales are scrutinized, the guidelines of the “buyout” appraisal also require the appraiser to measure the impact, if any, of current listings, new construction, REOs, and market trends. A third party is employed to provide the approved appraiser list and monitor performance. ERA Franchise Systems LLC does not receive any part of the appraisal fee.
