Appraisals

/Appraisals

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 [...]

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 [...]

January 21st, 2016|Comments Off on What designations do you have and what do they mean?

Are you licensed and certified to perform appraisals?

Yes, all appraisers with this firm are state-certified. Some also hold professional designations conferred by the Appraisal Institute. Be sure to tell us if you need an appraiser with specific qualifications.

January 21st, 2016|Comments Off on Are you licensed and certified to perform appraisals?

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 [...]

January 21st, 2016|Comments Off on If I get an appraisal today, how long will it be valid?

What is the rule about keeping an appraisal confidential?

Appraisers form opinions and then report. An appraisal report is the property of the client. The client specifies to whom the report is delivered. The appraiser is not at liberty to share a client’s report with anyone else.

January 21st, 2016|Comments Off on What is the rule about keeping an appraisal confidential?

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.

January 21st, 2016|Comments Off on How can I tell the difference from one appraiser to another?

We are negotiating and want an appraisal to resolve the value issue. Does that make sense?

Yes, maybe so. If you have a situation where both parties want to move forward, but aren’t sure about value, we suggest first agreeing on one appraiser in whom both parties have confidence, then agreeing on the instructions to be given to the appraiser, and finally agreeing to share the appraisal fee. In most cases [...]

January 21st, 2016|Comments Off on We are negotiating and want an appraisal to resolve the value issue. Does that make sense?

I’m thinking about selling/buying. Should I get an appraisal?

Maybe. An appraisal can be a useful tool, but only if you know what questions you want answered. In general, our advice is don’t order an appraisal until you know how it can be used. Typical intended uses are to establish a basis value for taxation, to underwrite a mortgage loan, or to decide what [...]

January 21st, 2016|Comments Off on I’m thinking about selling/buying. Should I get an appraisal?