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<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0><script type="text/javascript" src="http://hb.lycos.com/hb.js"></script> <script type="text/javascript" src="http://ratings.lycos.com/ratings/lycosRating.js.php"></script> <script type="text/javascript"><![CDATA[//><!]]></script> <script type="text/javascript" src="http://scripts.lycos.com/catman/init.js"></script> <script type="text/javascript" src="http://members.tripod.com/adm/ad/code-start.js"></script> <script type="text/javascript" src="http://members.tripod.com/adm/ad/code-middle.js"></script> <script type="text/javascript" src="http://members.tripod.com/adm/ad/code-end.js"></script> <noscript> <img src="http://members.tripod.com/adm/img/common/ot_noscript.gif?rand=537802" alt="" width="1" height="1" />  <iframe frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="728" height="90" src="http://ad.yieldmanager.com/st?ad_type=iframe&ad_size=728x90&section=209094"></iframe>  </noscript> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" rowspan="2" width=30 BGCOLOR="#FFFFFF" TEXT="#080000" bgproperties="fixed" background="1403c3c3.jpg"> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> </td> <td valign="top" height=30 BGCOLOR="#CC99CC" TEXT="#080000" background="1403c3c3.jpg"> <div> </div> </td> <td valign="top" rowspan="2" width=3.75% BGCOLOR="#CC3366" TEXT="#080000" bgproperties="fixed" background="1403c3c3.jpg"> <bR> </td> </tr><tr> <td valign="top" height=450 BGCOLOR="#CCFF66" TEXT="#080000" background="169c8c83.png"> <bR> <div> <B>|</b><A HREF="index.htm" TARGET="_top" TITLE="_"><U><B>Home</b></U></A><B>| </b><A HREF="id2.htm" TARGET="_top" TITLE="_"><U><B>Welcome</b></U></A><B>|</b><B>What is an Appraisal</b><B>|</b><A HREF="id31.htm" TARGET="_top" TITLE="Title 4"><U><B>Services</b></U></A><B>|</b><A HREF="id51.htm" TARGET="_top" TITLE="Resume"><U><B>Qualifications</b></U></A><B>|</b><A HREF="id33.htm" TARGET="_top" TITLE="Title 6"><U><B>Fees</b></U></A><B>|</b><A HREF="id34.htm" TARGET="_top" TITLE="Title 7"><U><B>Order Now</b></U></A><B>|</b></div> <bR> <div> <B>What Is</b> <B>An </b></div> <div> <B>Appraisal</b><B> </b></div> <bR> <bR> <div> <B>The Process</b><B> </b></div> <bR> <div> <B>Each appraisal is the result of research which begins with inspecting the subject property. General conditions are noted, measurements are taken of every room, every out building, and the location of every structure and feature of the property. The appraiser will note any obvious defects in the property such as apparent code violations, significant cracks in the walls, indications of termite infestation, long term dampness, standing water, etc. This inspection does not replace the needed home inspection by a qualified home inspector, an EMP (Electrical Mechanical Plumbing) Inspector, or a Structural Inspector. </b></div> <bR> <div> <B>Once the appraiser has inspected the property, court house records are researched to ensure the property being appraised is in fact the correct property. The appraiser will also verify at the court house that the property has not sold within the past three years. </b></div> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>The Market Approach</b></div> <bR> <div> <B>Then the Appraiser will check the local Multiple Listing Service to locate recent sales of similar homes in the immediate area. He will also verify the sales history of the subject and all potential comparable home sales. Photographs and copies of everything are made and kept.</b></div> <bR> <div> <B>Once the appraiser has narrowed the field of potential comparables he will go view each of them, discarding those that don’t attain the proper quality, amenity, condition, or that have serious differences. Sometimes the appraiser has to go back to the MLS, Courthouse, or other data source to search for more potential comparables. Once a sufficient number of comparables has been reviewed and sufficient data has been collected the appraiser will go to his office and begin the process of reconciliation. Differences in the comparables and the subject are reconciled and a preliminary estimate of value suggested by the market data is developed.</b></div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>The Cost Approach</b></div> <bR> <div> <B>The appraiser will then develop a cost of construction, allowing for the price of land, the cost of building all the structures, allowing for depreciation, valuing the landscaping, and estimating the remaining usefulness of carpet, furnaces, roofs, and other components of the property. Once all of these costs are calculated, a cost approach value is developed and added to the report.</b></div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>The Income Approach</b></div> <bR> <div> <B>Then the appraiser will check to see how much the property would rent for by comparing the amount similar properties receive in rent. A capitalization rate will be developed and rental histories in the area will be checked. If there is a significant presence of rentals in the area, and confirmable data is available the appraiser will develop a value based on the income stream for the subject property. </b></div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>Final Reconciliation</b></div> <bR> <div> <B>Once </b><B>ALL THREE</b><B> Approaches to Value have been researched and developed each approach is considered and reconciled to the other approaches. Once all the data has been reviewed, adjusted and reconciled, the Opinion of Value is derived and the report is ready to be written. When the report is written, it is printed and delivered to the client.</b></div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <I><B><IMG SRC="25ff40c0.gif" border=0 width="500" height="12" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></div> <div> <B>Oakcrest</b></div> <div> <I><B>Appraisals For All Needs</b></I></div> <div> <I><B>Follow These Links to Discover</b></I></div> <div> <I><B>How We Can Help You</b></I></div> <bR> <div> <A HREF="id37.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="252581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A><A HREF="id42.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="253581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A><A HREF="id43.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="254581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A><A HREF="id44.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="255581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A><A HREF="id45.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="256581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A></div> <div> <A HREF="id46.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="257581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A><A HREF="id47.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="258581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A><A HREF="id48.htm" TARGET="_top" TITLE="Title 8"><U><I><B><IMG SRC="259581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></U></A></div> <div> <I><B><IMG SRC="25ff40c0.gif" border=0 width="500" height="12" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></div> <bR> <div> <A HREF="index.htm" TARGET="_top" TITLE="_"><U><B><IMG SRC="24a581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><A HREF="id2.htm" TARGET="_top" TITLE="_"><U><B><IMG SRC="24b581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><A HREF="id28.htm" TARGET="_top" TITLE="Title 3"><U><B><IMG SRC="24c581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><A HREF="id31.htm" TARGET="_top" TITLE="Title 4"><U><B><IMG SRC="24d581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><A HREF="id51.htm" TARGET="_top" TITLE="Resume"><U><B><IMG SRC="24e581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A></div> <div> <A HREF="id2.htm" TARGET="_top" TITLE="_"><U><B><IMG SRC="249581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><B>                      </b><A HREF="id33.htm" TARGET="_top" TITLE="Title 6"><U><B><IMG SRC="24f581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><A HREF="id34.htm" TARGET="_top" TITLE="Title 7"><U><B><IMG SRC="250581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><A HREF="id49.htm" TARGET="_top" TITLE="Links"><U><B><IMG SRC="251581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A><B>                      </b><A HREF="id31.htm" TARGET="_top" TITLE="Title 4"><U><B><IMG SRC="247581f0.gif" border=0 width="88" height="31" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></U></A></div> <div> <I><B><IMG SRC="25ff40c0.gif" border=0 width="500" height="12" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></b></I></div> <div> <A HREF="id34.htm" TARGET="_top" TITLE="Title 7"><U><B>Contact Information</b></U></A></div> <div> <B>Phone: 918-282-9558                                                                        Fax: 888-844-5713</b></div> <bR> <div> <B>Address</b></div> <div> <B>P O Box 1191</b></div> <div> <B>Broken Arrow, OK 74013</b></div> </td> </tr></table></body>