We provide detailed, reliable & market researched appraisals
T 317.536.1886
Email: appraisals@spoonamoreag.com
Spoonamore Appraisal Group
Greenwood, Indiana
appraisals
We are dedicated to providing the most accurate appraisals and the best service by staying current on real estate trends for primary and secondary mortgages.
- Mortgage Refinancing
- Employee Relocation
- Private Mortgages
- Divorce Settlements
- Property Tax Appeal
research
When it comes to selling a home, buying a home, obtaining property insurance, or determining taxes, it is essential to first, and foremost, determine the value of your property.
- Analyzing
- Valuation Techniques
- Real Estate Trends
consulting
Buying and selling a property can be complicated. Understanding the market and where it is headed is imperative.
- Estate Planning
- Investment Strategy
- Expert Witness
WHO
WE ARE
Founder Josh Spoonamore began Spoonamore Appraisal Group after having experience working with a nationwide Appraisal Management Company. We understand the concerns and needs of underwriters, this provides Spoonamore Appraisal Group with a competitive edge.
Josh Spoonamore has completed more than 228 hours of licensing education.
our working process
Research Property
Once defining the problem, Spoonamore Appraisal Group determines the scope of work to complete the assignment. Next steps include gathering, recording, and verifying data - both general data (external market influences) and specific data (related to the subject property).
Field Inspection
The appraiser gathers additional specific data to the property - specific data consist of the square footage, condition, quality, location, view, etc of the residence. A visual inspection is also completed of the marketplace, area amenities and condition of the comparable properties.
Reconciliation Reporting
After an indicated value has been determined utilizing the sales comparison approach, cost approach and income approach (when appropriate), the final opinion of value established and the written or oral report is delivered to the client.
I have had the pleasure of working with Josh in the past and he continually exceeded my expectations in preparing accurate and timely appraisal reports. Josh has always displayed great critical thinking skills and an understanding of the real estate industry. As his former employer, I can vouch for his competency and professionalism as I have seen it first hand.
Forrest Rowland
Owner, Rowland Appraisals Inc
I have worked with thousands of appraisers over the past 15 years. I can say, with confidence, that Josh’s professionalism, knowledge and overall industry understanding far exceeds that of the norm. His standards of timeliness, as well as his ability of presenting information, are ones that should be mirrored nationwide.
Kevin Davis
CEO, Absolute Lending Logistics & American Integrity Title
PARTNERS
FAQs
USPAP is the generally recognized ethical and performance standards for the appraisal profession in the United States. The purpose of USPAP is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. http://www.uspap.
The standardization for determining the below grade square footage and above grade GLA (gross living area) is set by the American National Standards Institute (https://www.ansi.org). Unfortunately many discrepancies exist between what the county assessor states for the square footage of a home and the true square footage is. This is important to understand as it could significantly affect the utility and value of the home. Learn More
An appraisal isn’t a substitute for a professional home inspection. In fact, there are some key differences. The appraisal is a researched and clearly-supported opinion of the property’s value. This report is prepared by an appraiser, and the intended user of this report is most often the bank providing the funding (mortgage loan) for the purchase of refinance of the property. The home inspection is an analysis of how livable the home’s condition is, identifying any current or future problems relevant to the health and safety of the home’s occupants. This report is prepared by a home inspector, and the intended user of the report is most often the buyer of the property.
It is important to note that some of these points do not add value to the home. However, as mentioned briefly above, the appraiser does make a general assessment of the condition of the home. Deferred maintenance of a home can, therefore, detract from a home’s value by potentially lowering the assessment of the home’s condition. By keeping up with home maintenance, and with some of the preparation tips from QuickenLoans, you will be ready for your appraisal. Learn More
HUD has provided an FHA Resource Center and Fannie Mae, a selling guide, both of which are very helpful navigating the potentially confusing world of lender’s requirements.
Resource Center | Selling Guide
70 East Main Street Suite B
Greenwood, Indiana 46143
Tel: 317.536.1886
Spoonamore Appraisal Group
We provide DETAILED, RELIABLE & MARKET RESEARCHED appraisals.