VOLUNTARY PROPERTY
PURCHASE PROGRAM

Appraiser Instructions

Situation
Sasol North America Inc. (Sasol) is sponsoring a Voluntary Property Purchase Program (Program) focused on purchasing Properties to the west and northwest of its existing Westlake, LA facility. It is Sasol’s firm intention to fairly compensate Property Owners for their Properties. Community Interaction Consulting, Inc. (CIC) will administer the Program on behalf of Sasol.You have been selected by the Property Owner to complete an appraisal of his/ her Property in accordance with the guidelines below.

Guidelines

  1. Appraisers will prepare their appraisal report according to the Uniform Standards of Professional Practice (USPAP) and any regulatory agencies of the State of Louisiana using the Appraisal Institute form A1.100 with emphasis on the comparison approach.
  2. Appraisers will contact Property Owners within three (3) business days of the appraisal being ordered by CIC to schedule a mutually agreeable time to inspect the Property.
  3. No improvements to Properties after July 12, 2013 will be taken into consideration for purposes of the appraisal.
  4. Do not use comparable sales where Sasol was the buyer or seller.
  5. Do not adjust comparable sales for FHA or VA financing.
  6. Provide an “as is” appraised price based on typical marketing time.
  7. Accept and consider any information given to you from the Property Owner regarding their Property and, to the extent relevant, reflect this information in your report. This information may come in the form of a prior appraisal or broker price opinion.
  8. Any adjustment deemed to be subjective shall be made to benefit the subject Property by making the highest defendable positive adjustment.
  9. Include non-permitted livable square footage in your total square footage estimate.
  10. Do not consider conditional aspects of the subject property like cracked foundation slabs and deferred
    maintenance. Focus on the physical characteristics like finished living area, room count, number of bathrooms and garages, floor plan, age and lot size. Accordingly, rate the condition of the subject property and comparable sales as fair, average or good.
  11. When calculating total living area, round up all exterior dimensions to the nearest half foot.
  12. Include in your report:
    • Color photos of the subject Property and the front of all comparable sales
    • A sketch, not necessarily to scale, of dimensions used to determine living square footage
    • A map indicating the location of the subject Property and the comparable sales
    • Interior photographs
  13. Email your report and invoice to the CIC representative that ordered the appraisal.

 

Letter from Sasol  |  Introduction  |  Program Area  |  Property Owner  |  Tenants  |  Description of Program Benefits
Program Definitions  |  Clarification Questions and Answers  |  Appraiser Instructions
Sasol Appraisal Request and Authorization Form  |  Sasol Renters Benefits Request Form  |  FAQs

Sasol appointed Community Interaction Consulting, Inc. to administer the Voluntary Property Purchase Program. This Program is entirely voluntary.