Fix-and-flip properties may have deferred maintenance, dated improvements, damage, incomplete work, or functional issues that affect their current market value.
As-is appraisal for renovation acquisitions
The appraisal analyzes the property in its current condition as of the effective date. Renovation plans and budgets may be reviewed as assignment information but do not automatically create an after-repair value assignment.
Fremont renovation markets
Renovation potential and buyer reaction can vary by neighborhood, existing condition, lot utility, school influence, property size, and the quality of surrounding improvements.
Lender considerations
- Current property condition
- As-is market value
- Observed deferred maintenance
- Marketability in current condition
- Relevant distressed or dated comparable sales
Scope limitations
The standard assignment is an as-is appraisal. Any subject-to, hypothetical, prospective, or completed-condition value must be specifically agreed upon in advance.
Process
- Submit the property address.
- Provide known condition issues and available renovation information.
- Confirm scope, fee, and turnaround.
- Schedule the inspection and receive the report.
Common property types
- Dated single-family homes
- Properties with deferred maintenance
- Partially renovated homes
- Investor-owned properties
- Homes with unpermitted or nonstandard improvements
Fix-and-flip appraisal FAQ
Does the appraisal include an ARV?
Not automatically. The standard service is an as-is appraisal. Any additional value scenario must be agreed upon before the assignment begins.
Related Fremont appraisal services
Other cities in Alameda County
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