Donald J. Moore - Exclusive Provider of the Form 264 Appraisal™
Home buyers or professionals working directly with home buyers such as a buyer broker, buyer agent, attorney or even a mortgage lender, need the Form 264 Appraisal™ program.
What is the Form 264 Appraisal™ program? A Form 264 Apprasial™ takes full advantage of the new Appraisal Contingency found in Wisconsin Offer to Purchase contracts. This is the most powerful tool home buyers can use to make sure they are getting a fair price for a property.
How does the Form 264 Appraisal™ program work? If you or your clients are interested in purchasing a property but you feel it's overpriced, contact us first for Valuation Consultations. This is very important. We can give you a preliminary value estimate so you have a solid idea of the actual market value. Then, when filling out the offer to purchase on the property, make sure the Appraisal Contingency on line 264 of the WB-11 Offer to Purchase form is selected. Don't worry about the price. Offer the asking price. Then hire us for the actual Form 264 Appraisal™ so we can finalize price negotiations quickly.
What makes the Form 264 Appraisal™ program different? Appraisals completed for financing have pressure to conform to underwriting rules and/or accommodate interests to the transaction. The Form 264 Appraisal™ does not conform to arbitrary standards. When completing a Form 264 Appraisal™ we don't worry about accommodating parties to the transaction. It's a completely unbiased, independent appraisal of the real estate that guarantees the homebuyer is protected from overpaying for the property. Buyers do not overpay because sellers may be compelled to sell at the appraised value. See our FAQ section for more detail on how this transaction mechanism works. What is most important though is that one appraisal fee can result in tens of thousands of dollars off the price of the house!
Do not rely on the mortgage company! Federal rules governing the selection of appraisers by a lender do not allow anyone influence over who is providing the appraisal. Lenders often use a separate management company and have no say about the apprasier selected. Usually it's just someone with the lowest fee. A low-fee inexperienced appraiser is not going to do the work necessary to make sure the analysis is of the highest quality. A real estate purchase is the most expensive transaction one can undertake. Retain the services of the best, most experienced, most competent appraiser. Donald J. Moore is the top real estate appraiser in Wisconsin. He is the only professional providing the Form 264 Appraisal™ program. Don't accept anyone less when your real estate purchase is on the line.
Valuation Consultations are important. Be sure to contact us first for exclusive pre-offer Valuation Consultation services. These are preliminary value estimates that allow homebuyers to have a solid negotiating strategy before presenting an offer. This is the first step in the Form 264 Appraisal™ program.
Frequently Asked Questions (FAQ) Read our FAQ section for more specific information about the Form 264 Appraisal™ program.
Contact Donald J. Moore, WI Certified General Appraiser No. 92, to learn more about the great benefits of the Form 264 Appraisal™ program
The materials and statements available at this web site are for informational purposes only and are not legal opinions or advice. If you have any legal questions, contact your attorney or seek legal counsel to obtain advice. The opinions expressed are the opinions of the author and may not reflect the opinions of any other real estate appraiser, broker or attorney.