Real Estate Appraisal Services

New HMS Consulting Service Values Investment Properties HMS Associates is offering investors a consulting service to help with the evaluation of potential investment properties. HMS will advise clients on property values and provide a thorough analysis of potential return on investment and market trends in the neighborhood, information that is key to making important decisions about real estate investment, said Sam Heskel, vice president and founder of HMS. Types of properties included under the service range from a single-unit condo or co-op to multi-family buildings or raw development sites. Heskel said the appeal of HMS’s consulting service is that unlike realtors and brokers, he is able to present himself as a disinterested party in the process of investing in a property. “The difference is that I’m not trying to make a sale,” Heskel said. “I’m not in the business of bargaining or negotiating. I’m just trying to help you determine how much the property is worth.” HMS has closely monitored and examined trends in the real estate market. Its quarterly report on residential home prices in Brooklyn has become an eagerly anticipated collection of data and analysis widely covered in the news media. The consulting service is available for both commercial and residential properties in the five boroughs and throughout the New York metropolitan area. HMS Associates provides a wide range of residential and commercial real estate appraisal services. Here are some examples:

Residential Appraisals

HMS Associates offers comprehensive appraisal services, form reports, narrative reports, field reviews,desk reviews and additional products designed to meet your specific needs.

Commercial Appraisals

Highly credentialed commercial appraisers with more than 20 years experience are available to conduct appraisals for multi-family buildings, warehouse and other industrial buildings, office buildings and other commercial properties.

Date of Death Valuations

There are many situations when you might need to know the value of a property on a specific date in the past, rather than when the appraisal was conducted. For estate tax purposes or disposition of assets of a decedent, HMS Associates can provide a "date of death" valuation.

Assessment Appeal Services

There are as many different procedures for appealing assessments as there are property taxing districts, so it's important to work with experienced professionals. HMS Associates will conduct an independent, third-party report based on our own evaluation.

Divorce Appraisals

The first step in deciding "Who gets the house?" is getting an accurate appraisal. HMS's professional, high quality appraisals will stand up in court proceedings and under the most sensitive circumstances.

Single-Family Residential Appraisal (1004)

This report is completed on the URAR form 1004 and provides the benefit of a full interior and exterior inspection of the subject property. This report is used to estimate the market value of the subject property as defined in Uniform Standard of Professional Appraisal Practice (USPAP), and is completed in compliance with HMS Associates and customer guidelines. The product includes the following attachments: a completed URAR form, subject property photos including front, rear, street scene and any amenities substantially affecting marketability and/or value, comparable sales photographs, flood map if property is located in a flood prone area, a floor plan sketch with exterior dimensions and gross living area calculations, location map showing accurate locations of the subject and all sales utilized in the report and appropriate certifications and limiting conditions.

Single-Family Residential Appraisal, Non-Owner Occupied (1004)

This report is similar in all respects to the standard Single Family Residential Appraisal with the following additions: A completed Single Family Rent Schedule (form 1007) and an Operating Income Statement (form 216).

Two-to-Four Unit Residential Appraisal (1025)

Appraisals of two-to-four unit residential properties are reported utilizing the Small Residential Income Property Appraisal Report. This report provides analysis of competitive listings, cost approach, an analysis of competitive rents, and a sales comparison analysis. Included in the attachments is a completed operating income statement. Other attachments in a two-to-four unit appraisal are: subject property photographs including a front, rear and street scene, photographs of the comparable rentals and comparable sales, location map detailing the locations of the subject and all rentals, listings and sales utilized in the report, a floor-plan sketch with exterior dimensions and gross living area calculations for each unit and appropriate certifications and limiting conditions.

Condominium Appraisal (1073 and 1004)

Condominium appraisals are reported on the Individual Condominium Unit Appraisal Report and comply with USPAP, HMS Associates, and customer guidelines. Condominium appraisals completed for FHA loans will be reported on the URAR form 1004. A full interior and exterior inspection of the subject unit is made and a concise analysis of the project and market are provided. Attachments comparable to those included with the single-family residential report are also included in the condominium report. Non-owner-occupied unit appraisals include a completed rent schedule and operating income statement.

Cooperative Interest Appraisal (1075)

Appraisals of Cooperative Units are reported on the Individual Cooperative Interest Appraisal Report. A complete interior and exterior inspection of the subject unit and the project is made and a concise analysis of the project is reported. The form also includes the number of shares attributable to the subject unit, monthly maintenance fees, total number of shares outstanding for the project and blanket financing information. Underlying mortgage information is also a required reporting component and includes: outstanding balance, monthly payment, rate, type of mortgage, mortgage due date and tax information. A complete cooperative appraisal includes the following attachments: sketch showing interior unit dimensions and gross living area calculations, interior subject photographs, exterior subject photographs and project amenities, photographs of the exterior of each comparable sale, a map detailing the location of the subject and all comparable sales considered in the report and appropriate certifications and limiting conditions.

Insurable Value & Replacement Costs

Are you fully insured for replacement costs of your house. Learn more about insurable value replacement costs.

Real Estate appraisal services offered in New York, Brooklyn, Bronx, Queens, and Staten Island plus Westchester, Nassau, Suffolk, Rockland, Putnam, Ulster, and Orange counties.

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