An appraisal is an opinion of value or the act or process of estimating value. This opinion or estimate is derived by using three common approaches, all derived from the market.

  1. The cost approach to determining value is to estimate what it would cost to replace or reproduce the improvements as of the date of the appraisal, less the physical deterioration, the functional obsolescence and the economic obsolescence. The remainder is added to the land value.
  2. The comparison approach to determining value makes use of other "benchmark" properties of similar size, quality and location that have been recently sold. A comparison is made to the subject property.
  3. The income approach to determining value is of primary importance in ascertaining the value of income producing properties and has little weight in residential properties. This approach provides an objective estimate of what a prudent investor would pay based upon the net income the property produces.

Then, after thorough analysis of all general and specific data gathered from the market, a final estimate or opinion of value is correlated.

 

Caliber Funding LLC Corporate | Privacy & Security | Licensing & Disclosures
Caliber Funding LLC, 6031 Connection Drive, Suite 200, Irving, TX 75039 (NMLS #80636). 1-866-373-2968. Copyright©2010. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Caliber Funding LLC is required to disclose the following license information: Alaska Mortgage Lender License No. MTGLN100015, Phone No. (480) 358-2000; Arizona Mortgage Banker License No. 0910478; Licensed by The Department of Corporations under the California Residential Mortgage Lending Act, Finance Lender Licensee; CO: Regulated by the Division of Real Estate. Colorado Supervised Lender License #990063-001, check the license status of your mortgage loan originator at http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Lender License No. 23632; Illinois Residential Mortgage Licensee No. MB.6760640, by the Illinois Division of Banking, 320 West Washington St., Springfield, IL 62786, (217) 782-3000; Kansas Licensed Mortgage Company, License Number SL.0026203-BR.002; Minnesota: MN-MO 40135664, This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. Section 47.206 (3) and (4); Montana Mortgage Lender License No. 80636; Licensed by the New Hampshire Banking Department; Licensed mortgage banker n.s.--N.J. Department of Banking; Ohio MBMB.850102.000; Licensed by the Pennsylvania Department of Banking; Texas Mortgage Banker License No. 85037; Licensed by the Virginia State Corporation Commission, License Number MC-5339; Washington Consumer Loan Company License No. CL-80636. 

 

Caliber Funding LLC Corporate | Privacy & Security | Licensing & Disclosures
Caliber Funding LLC, 6031 Connection Drive, Suite 200, Irving, TX 75039 (NMLS #80636). 1-866-373-2968. Copyright©2010. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Caliber Funding LLC is required to disclose the following license information: Alaska Mortgage Lender License No. MTGLN100015, Phone No. (480) 358-2000; Arizona Mortgage Banker License No. 0910478; Licensed by The Department of Corporations under the California Residential Mortgage Lending Act, Finance Lender Licensee; CO: Regulated by the Division of Real Estate. Colorado Supervised Lender License #990063-001, check the license status of your mortgage loan originator at http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Lender License No. 23632; Illinois Residential Mortgage Licensee No. MB.6760640, by the Illinois Division of Banking, 320 West Washington St., Springfield, IL 62786, (217) 782-3000; Kansas Licensed Mortgage Company, License Number SL.0026203-BR.002; Minnesota: MN-MO 40135664, This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. Section 47.206 (3) and (4); Montana Mortgage Lender License No. 80636; Licensed by the New Hampshire Banking Department; Licensed mortgage banker n.s.--N.J. Department of Banking; Ohio MBMB.850102.000; Licensed by the Pennsylvania Department of Banking; Texas Mortgage Banker License No. 85037; Licensed by the Virginia State Corporation Commission, License Number MC-5339; Washington Consumer Loan Company License No. CL-80636. 

 
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National Headquarters

Caliber Funding LLC
6031 Connection Drive, Suite 200
Irving, TX 75039
(NMLS #80636)

Copyright © 2010 Caliber Funding LLC, All Rights Reserved

National Headquarters

Caliber Funding LLC
6031 Connection Drive, Suite 200
Irving, TX 75039
(NMLS #80636)

Copyright © 2010 Caliber Funding LLC, All Rights Reserved