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Residential and Commercial Appraisal Services


Location
Arizona
Publication Date
05/03/2019 06:36 AM EDT
Closing Date
05/24/2019 04:00 PM EDT
Issuing Organization
City of Phoenix
Solicitation Number
Description

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.

Source
https://solicitations.phoenix.gov/Solicitations/Details/453 (opens in a new window)

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