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Appraisal

Seattle Housing Authority seeks proposals from qualified firms or individuals to assist the agency with appraisal services on an on-call basis. The RFP is available Word or PDF format (download Adobe Reader).

Scope of work

Category 1 (residential appraisal services, single family) and Category 2 (multi-family, commercial and industrial appraisal services).

Provide Seattle Housing Authority with complete appraisal reports —which contain, at a minimum, methodology employing cost analysis, income analysis and comparable sales—in one of the following three formats including, but not necessarily limited to, the items listed, as requested and in the time frame required.

Complete summary report

  1. State the identity of the Client and any intended users, by name or type.

  2. State the intended use of the appraisal.

  3. Summarize information sufficient to identify the real estate or personal property involved in the appraisal, including the physical and economic property characteristics relevant to the assignment.

  4. State the property interest appraised.

  5. State the purpose of the appraisal, including the type and definition of value and its source.

  6. State the effective date of the appraisal and the date of the report.

  7. Summarize sufficient information to disclose to the client and any intended users of the appraisal the scope of work used to develop the appraisal.

  8. State all assumptions, hypothetical conditions and limiting conditions that affected the analysis, opinions, and conclusions.

  9. Summarize the information analyzed, the appraisal procedures followed, and the reasoning that supports the analyses, opinions and conclusions.

  10. State the use of the property, existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal, and when the purpose of the assignment is market value, summarize the support and rationale of the appraiser’s opinions of the highest and best use of the real estate or personal property.

  11. State and explain any permitted departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual valuation approaches.

Complete restricted use appraisal report

  1. State the identity of the Client and any intended users, by name or type.

  2. State the intended use of the appraisal.

  3. State information sufficient to identify the real estate or personal property involved in the appraisal.

  4. State the property interest appraised.

  5. State the purpose of the appraisal, including the type and refer to the definition of value pertinent to the purpose of the assignment.

  6. State the effective date of the appraisal and the date of the report.

  7. State the extent of the process of collecting, confirming and reporting data or refer to an assignment agreement retained in the appraiser’s work file, which describes the scope of work to be performed.

  8. State all assumptions, hypothetical conditions and limiting conditions that affected the analysis, opinions and conclusions.

  9. State the appraisal procedures followed, and the value opinions and conclusions, and reference the work file.

  10. State the use of the property existing and the date of value, and the use of the real estate or personal property affected in the appraisal, and when the purpose of the assessment is market value, state the support and the rational for the appraiser’s opinion of the highest and best use of the real estate or personal property.

  11. State and explain any permitted departures from specific requirements of STANDARD 1 or 7, state the exclusion of any of the usual valuation approaches, and state a prominent use restriction that limits use of the report to the client and warns that the appraiser’s opinions and conclusions set forth in the report cannot be understood properly without additional information in the appraiser’s work file.

Complete self contained appraisal report

  1. State the identity of the Client and any intended users by name or type.

  2. State the intended use of the appraisal.

  3. Describe the information sufficient to identify the real estate or personal property involved in the appraisal, including the physical and economic property characteristics relevant to the assignment.

  4. State the property interest appraised.

  5. State the purpose of the appraisal, including the type and definition of value and its source.

  6. State the effective date of the appraisal and the date of the report.

  7. Describe sufficient information to disclose to the client and any intended users of the appraisal the scope of work used to develop the appraisal.

  8. State all assumptions, hypothetical conditions, and limiting conditions that affected the analysis, opinions and conclusions.

  9. Describe the information analyzed, the appraisal procedures followed, and the reasoning that supports the analysis, opinions and conclusions.

  10. State the use of the property existing as of the date of value, and the use of the real estate or personal property reflected in the appraisal, and when the purpose of the assignments is market value, describe the support and rationale for the appraiser’s opinion of the highest and best use of the real estate or personal property.

  11. State and explain any permitted departures from specific requirements of STANDARD 1 or 7, and the reason for excluding any of the usual valuation approaches.

Selected firms

Allen Brackett Shedd

Greg Goodman, Senior Associate
12320 NE 8th St, Suite 200, Bellevue, WA 98005
Phone: 425-450-4040 • Fax: 425-688-1819
Contract number: 3225 • Date: 11/13/03

Crowe Appraisal Company

Penny Crowe, SRA
7617 114th Ct SE, Newcastle, WA 98056
Phone: 425-687-7150 • Fax: 425-687-7184
Contract number: 3546 • Date: No contract

GVA Kidder Mathews

Gary Klockenteger, MAI
601 Union St, Suite 4720, Seattle, WA 98101
Phone: 206-205-0200 • Fax: 206-205-0220
Contract number: 3226 • Date: 12/15/03

Lamb Hanson Lamb Appraisal Associates

Michael B. Lamb, MAI, SRA, President
132 S Spokane St, Suite 100, Seattle, WA 98134
Phone: 206-903-1500 • Fax: 206-903-0648
Contract number: 3227 • Date: 09/29/05

PGP Valuation

Christopher K. Monger, MAI, President
1325 4th Ave, Suite 500, Seattle, WA 98101
Phone: 206-343-7477 • Fax: 206-682-7207
Contract number: 3228 • Date: 12/09/03

Robert Wunder Real Estate Appraisals

Robert Wunder
5025 California Ave SW, Suite 105, Seattle, WA 98136
Phone: 206-932-9237 • Fax: 206-932-1355
Contract number: 3547 • Date: No contract

Terra Property Analytics

Steve Price, MAI
P.O. Box 31097, Seattle, WA 98103
Phone: 206-213-0810 • Fax: 206-299-4464
Contract number: 3229 • Date: 12/09/03

Wick & Associates

Dennis M. Wick
6016-F NE Bothell Way, Kenmore, WA 98028
Phone: 206-417-7880 • Fax: 206-417-7780
Contract number: 3230 • Date: 03/30/04