Specifications include, but are not limited to:
The City of Phoenix Real Estate Division is seeking qualified offerors to provide
Residential and/or Commercial Real Estate Property Appraisal and Review,
Personal Property Appraisal, and/or other Valuation Services. These services will
be utilized on “as needed” and “if needed” basis and the City is not obligated to
spend a pre-determined amount on this contract.
The City of Phoenix Appraisal Section provides City departments with appraisal
reviews, appraisals, and valuation services of real and personal property. The
contractor(s) selected will supplement current City staff in accordance with the
provisions, scope of work, and instructions herein.
The appraisal scope of work should be commensurate with the complexity of the
appraisal problem. Supplemental details may be required for certain specific
assignments. Any appraisal work assigned for federally funded projects or
potentially federally funded projects, will be required to comply with the Uniform Act.
For each appraisal, the Consultant shall:
1. Perform an appraisal as defined under the Uniform Standards of Professional
Appraisal Practice (USPAP). The appraisal report is to be written, at a minimum,
as a Summary report in accordance with USPAP. The appraisal report must
comply with USPAP, City of Phoenix Appraisal Requirements Guidelines, and be
in accordance with any applicable federal requirements.
2. Appraise the current market value of the fee simple interest in the real property.
Appraisal reports may be used by the City of Phoenix for the acquisition or
disposition of all or part of the property. Therefore, the appropriate definition of
market value shall be selected based upon the purpose of the assignment.
3. Identify, consider, and analyze any prior sale of the property within five (5) years
of the appraised date of value and include said information and analysis within
the appraisal report. When applicable, a prior sale will be included as a
comparable sale. In addition, any existing easement encumbrance on the
owner’s fee title value must be noted and considered in the appraised value.
4. Appraise the fee simple interest of a leased property; however, Consultant must
include a consideration of any existing lease(s) and any leasehold advantages
and disadvantages. An opinion of the value of the leasehold must be included in
the appraisal report.