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Procurement Market Intelligence Report

Real Estate Appraisal Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Real Estate Appraisal Services?

What is the average price of Real Estate Appraisal Services?

This procurement report includes pricing information to help you purchase Real Estate Appraisal Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Real Estate Appraisal Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Real Estate Appraisal Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Real Estate Appraisal Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Real Estate Appraisal Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

Among the estimated 45,000 real estate appraisal companies in the US market, the top four operators account for less than 30.0% of total market revenue, signaling a low level of concentration. Moreover, market share concentration has remained steady in the three years to 2020 as merger and acquisition activity has... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?


How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Supplier Qualifications

What experience do you have appraising properties?

Do you have a list of former clients I may contact?

Does your company handle more residential valuations or commercial valuations?

What are the qualifications of your employees?

What certifications does your company have to do appraisals?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?

Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Customer Service

Have you had any major complaints from customers in the past?

How have you dealt with past complaints?

How many clients are returning clients?

How have you improved client satisfaction in the past three years?

How are you maintaining a high level of customer support in light of the coronavirus outbreak?

Supplier Size & Scope

In which states do you offer appraisal services?

In which states do you have offices?

How many employees would you allocate to my appraisal?

What size properties do you typically handle, in terms of valuation estimates and square feet?

What types of properties do you typically handle?

Appraisal Methods

What methods do you use to appraise the value of properties?

How do you stay up to date with market trends in different regions?

What checks and balances are in place to be sure that my project has received a thorough evaluation? Who completes these checks and identifies errors?

What type of relevant research do you conduct, and which conferences do you attend to stay up to date with the latest developments in this field?

Fee Structure

How do you arrive at the fees for your services?

Do you offer any alternative fee structures beyond a flat fee for the appraisal?

Where do you maintain offices? How are these overhead costs distributed among clients?

Do you charge additional fees for travel expenses?

How do you arrive at your fees for additional testimony services?

Employee Turnover

How do you retain qualified employees?

Do you anticipate staff turnover will affect my appraisal?

How does your firm mitigate the risks of employee turnover?

If a senior staff member on this project leaves, will an equally qualified person replace them?

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Key elements for every RFP

What should my RFP include?

Project Budget

Vendors should include a fee schedule outlining rates for their reports.

Buyers should include the budget for the contract.

Selection Criteria

Buyers should evaluate vendors' ability to meet their service requirements.

Buyers should evaluate vendors' experience and financial performances.

Buyers should evaluate vendors' appraisal approaches.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date when proposals are due and any other relevant dates (e.g. final interviews) prior to the contract award.

Buyers should include the date when the contract begins and ends.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for real estate appraisal services has a low level of risk primarily because upstream suppliers are extremely stable; price spikes and service interruptions are rare. For example, furniture and office supply manufacturers and wholesalers represent minimal risk to appraisal companies because these products are widely available and... Subscribe to learn more.