Appraisals

/Appraisals

What is a 50% Rule appraisal, and do you make those?

Communities that participate in the National Flood Insurance Program (NFIP) write local ordinances regulating the permitting of new construction, and the permitting of repairs/improvements to existing structures. This is intended to reduce the public risk of losses due to flooding. Proposed repairs/improvements to structures that are below the minimum elevation required by local ordinance are [...]

2018-08-27T13:21:01+00:00 August 27th, 2018|0 Comments

What designations do you have and what do they mean?

All of our appraisers are subject to certification requirements of the State of Florida. In addition, some of us hold professional appraisal designations conferred by the Appraisal Institute. Holders of the SRA designation have demonstrated expertise in the appraisal of residential properties. Those holding the MAI designation have demonstrated expertise in the appraisal of a [...]

2018-08-27T13:18:53+00:00 August 27th, 2018|0 Comments

What are the components of an appraisal report?

Most appraisals are reported in writing although in certain circumstances an appraiser may provide an oral appraisal. An appraisal report generally contains: a recital of the assignment parameters; a description of subject property and its locale; an analysis of subject property “highest and best use”; application of one or more valuation methods; and the appraiser’s [...]

2016-05-03T09:11:57+00:00 January 21st, 2016|Comments Off on What are the components of an appraisal report?

What designations do you have and what do they mean?

All of our appraisers are subject to certification requirements of the State of Florida. In addition, some of us hold professional designations conferred by the Appraisal Institute. Holders of the SRA designation have demonstrated expertise in the appraisal of residential properties. Those holding the MAI designation have demonstrated expertise in the appraisal of a variety [...]

2016-05-03T09:12:29+00:00 January 21st, 2016|Comments Off on What designations do you have and what do they mean?

If I get an appraisal today, how long will it be valid?

The real estate market rate of change determines how quickly an appraisal becomes stale. In a fast-changing market an appraisal might be obsolete in less than six months. During a stagnant market values might not change for a year or more. That is a good reason not to order an appraisal until there is a [...]

2016-05-03T09:12:42+00:00 January 21st, 2016|Comments Off on If I get an appraisal today, how long will it be valid?

How can I tell the difference from one appraiser to another?

Like other professionals, appraisers are known by their business community. Ask an attorney or REALTOR® you trust to recommend an appraiser. In terms of credentials, look for someone who is state-certified and someone who holds one of the professional designations (SRA, MAI) conferred by the Appraisal Institute.

2016-05-03T09:13:04+00:00 January 21st, 2016|Comments Off on How can I tell the difference from one appraiser to another?