Relocation—Homeowner-Employee Transfer:
These appraisals have a definition of “value” that is different from the definition (Market Value) used in most (e.g., mortgage lending, Divorce/Estate etc.) other residential appraisals. A relocation appraisal requires additional
skill-sets (e.g., forecasting; an eye for the marketing of a property) not used in those other appraisals.
A relocation (often referred to as a “Relo”) appraisal utilizes the “Anticipated Sale Price” definition of “value”. This, in brief, is an opinion of the anticipated sale price of a property utilizing the skill of forecasting into the short-term (typically 90-120 days) future.
In addition to current experience in such appraisals as an appraiser, I have experience (appraisal review & marketing of single-family dwellings) in the employee relocation industry with the former Merrill Lynch Relocation Management. I have breadth and depth of experience for this type of appraisal.
