Faqs

The highest and best use of a property is defined as that reasonable and most probable use that will support its highest present value. The highest and best use, or most probable use, must be [...]

All states require appraisers to be state licensed or certified in order to provide appraisals to federally regulated lenders. Some states require appraisers to be licensed or certified to [...]

The act or process of enforcing the right of eminent domain.

The power to take a private property for public use by the state, municipalities, and private persons or corporations authorized to exercise functions of public character. At its bare essentials, [...]

The most probable price at which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably [...]

The price at which a property is anticipated to sell in a competitive and open market, assuming an arms length transaction whereby: The analysis reflects the subject property “as is” [...]

Below are the top ten most frequently cited FHA repairs. This list is not all-inclusive. However, accounting for these most frequently cited repairs prior to the appraisal inspection can help [...]

By definition, Assessed Value is not Market Value. It is “the value of a property according to the tax rolls in ad valorem taxation. It may be higher or lower than market value, or based on [...]

An appraisal is an unbiased estimate of market value made by a qualified Appraiser, based on “observable” conditions. Appraisers are skilled in accurately interrupting what typical [...]

Appraisers follow a set of federally accepted guidelines and practices known as USPAP (Uniform Standards of Professional Appraisal Practice), which govern the ethical and legal aspects of the [...]