Real Estate Appraisal Review Services

Need a second opinion on an appraisal? Whether you believe an appraisal contains errors, need an independent review for litigation, or simply want another expert opinion, Master Appraisal Services provides professional appraisal review services backed by more than 30 years of experience.

Master Appraisal Services is experienced in all types of appraisal reviews, review procedures, and the responsibilities of review appraisers.

We can prepare an appraisal review for:

• Desk review
• Field review
• Short form
• Narrative form

Questioning an appraisal?

Call today to discuss your appraisal review.

 
 

When Is an Appraisal Review Needed?

An appraisal review can provide valuable insight whenever questions arise about the accuracy, credibility, or completeness of an appraisal report. Whether requested by a lender, attorney, or property owner, an independent review helps determine whether the appraisal is supported by appropriate market data and accepted appraisal practices.

• You believe an appraisal contains errors
• A lender requests an appraisal review
• Divorce or estate disputes
• Litigation support
• Tax appeal
• Second opinion before challenging value

 

What Does an Appraisal Review Include?

An appraisal review goes beyond simply looking at the final value. The review examines whether the appraisal was completed using sound methodology, reliable market data, and accepted professional standards.

• Review of appraisal methodology – Evaluate whether appropriate appraisal methods were applied.
• Analysis of comparable sales – Review the selection and relevance of comparable properties used to support value.
• Verification of adjustments – Determine whether adjustments for differences between properties are reasonable and well supported.
• Compliance with professional appraisal standards – Assess whether the report follows accepted appraisal practices and USPAP requirements.
• Identification of factual errors or omissions – Look for incorrect property information, missing features, mathematical errors, or overlooked market data.
• Independent opinion of the appraisal's credibility – Provide an objective assessment of whether the appraisal's conclusions are adequately supported by the available evidence.

With more than 30 years of appraisal experience, Steve Leavitt has the expertise to recognize when an appraisal is well supported—and when additional review may be warranted.

Need an experienced second opinion?

Call to schedule your appraisal review.

 
 

Common Reasons an Appraisal May Be Incorrect

Not every appraisal is perfect. While appraisers follow professional standards and rely on available market data, mistakes or omissions can happen. An appraisal review takes a closer look at the report to determine whether the conclusions are supported by the available evidence and accepted appraisal methodology.

• Better comparable sales were available – More similar or recent sales may have provided a more accurate indication of market value.
• Important upgrades or renovations weren't considered – Significant improvements to the home may have been overlooked or not fully reflected in the valuation.
• Square footage or property data errors – Incorrect measurements, room counts, or property characteristics can affect the final opinion of value.
• Unsupported or inaccurate adjustments – Comparable sales should be adjusted appropriately for differences in features, condition, size, or location.
• Neighborhood trends were overlooked – Changes in buyer demand, neighborhood desirability, or local market activity may not have been fully considered.
• Market conditions changed – Rapidly appreciating or declining markets can make older comparable sales less reliable if proper market adjustments were not applied.
• Significant property features were missed – Unique amenities, premium lot characteristics, views, energy-efficient upgrades, or other value-influencing features may not have been properly recognized.

An appraisal review helps determine whether the original report is supported by the available market data, appropriate comparable sales, and accepted appraisal practices. If concerns are identified, the review can provide valuable insight for lenders, attorneys, homeowners, or other parties relying on the appraisal.

 

Why Choose Master Appraisal Services?

Master Appraisal Services has extensive experience performing appraisal reviews for lenders, attorneys, homeowners, and other professionals. Every review is completed with careful analysis, independent judgment, and a commitment to accepted appraisal standards.

Independent, Qualified, Professional

Master Appraisal Services provides appraisal review services that are objective, qualified, professional, and square with the Federal Reserve's guidelines. You can rely on independent judgment and ethical appraisal review services for our clients.

The Federal Reserve has recently reiterated:

• Financial institutions must have an effective, independent real estate appraisal and evaluation program
• Appraisers performing reviews should have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines
• Appraisal reviews should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality
• Appraisal reviews should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment.

At the same time, we are professional enough to recognize that our competitors in our market are capable of doing a good job! The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically evaluate appraisal reports performed by others... because those others may be reviewing our work, too!

Meet Your Appraiser - Steve Leavitt

 

Request an Independent Appraisal Review

We'll review the appraisal carefully and provide an objective, professional opinion.We do appraisal reviews in the Phoenix area including Scottsdale, Chandler, Gilbert, Mesa, San Tan Valley and surrounding areas.

Give us a call to schedule your appraisal review.