Alex Hale Appraisals

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Appraisal Fee Guidlines

Incorporated Area Form Reports

Single Family Residence                          Fannie Mae Form 1004 ............ $395

Market Condition Report                           Fannie Mae Form 1004MC..........$50

Individual Condominium Unit                    Fannie Mae Form 1073 .............$395

Single Family Residence Drive-by          Fannie Mae Form  2055 ............ $350

Individual Condominium Drive-by            Fannie Mae Form 1075 ............ $350

Small Residential Income Property         Fannie May Form 1025 .......... $1,195

Incorporated Area Narrative Summary Reports

Estate Sized Residential Properties ..................................................$800 & Up

Commercial Appraisals .................................................................. $2,000 & Up

Vacant Commercial Land .................................................................. $800 & Up

 Unincorporated Area Form Reports

Single Family Residence                      Fannie Mae Form 1004 ................ $495

Market Condition Report                       Fannie Mae Form 1004MC..............$50

Individual Condominium Unit                Fannie Mae Form 1073 ................ $395

Single Family Residence Drive-by      Fannie Mae Form  2055 ................ $395

Individual Condominium Drive-by        Fannie Mae Form 1075 ................. $395

Small Residential Income Property     Fannie May Form 1025 ..... $1,295 & Up

Unincorporated Area Narrative Summary Reports

Estate-Sized Residential Properties ............................................... $1,195 & Up

Commercial Appraisals (Narrative Summary Report) .................... $2,500 & Up

Vacant Commercial Land (Narrative Summary Report) ................. $1,200 & Up

(PLEASE ADD $50 TO ALL ABOVE PRICES, EXCEPT DRIVE-BYS, IF BUILDING IS TWO STORY)

After learning about the property to be appraised, the purpose of the appraisal, and when you’ll  need it, I’ll be able to quote you a firm fixed price for doing all the work in the allotted time. This guaranteed firm price may be more or less than the pricing shown in this guideline. It depends upon the amount of research required and the degree of difficulting in identifying and assembling comparable sales data.

At times I may have already completed current research for another property in your area and the additional research time for your property may be less than what price guidelines have allowed. In these cases I can quote a price below the guideline. On unique buildings or sites with multiple buildings like a shopping center, where there are no comparable sales in the immediate neighborhood, a great deal of new research may have to be done in comparable neighborhoods. This often involves unusually long research and travel times. Price quoted may thus be more than what the guideline indicates.

When testifying as an expert witness in a deposition, arbitration hearing or a trial, my time is billed at $75 per hour portal to portal from my office with a four hour per day minimum. I charge $0.58 per mile for travel expenses.

I follow the standard industry practice of collecting the full price of the appraisal at the time I perform the initial property inspection.