Real Estate Appraisal Blog

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If your property has been damaged and is located in Special Flood Hazard Area (SFHA), cities and counties have a responsibility to assess impacts before repairs can be made, no matter the cause of damage. If the cost to repair is 50% or more of the market value, the structure is considered Substantially Damaged and must be brought into compliance with current local floodplain management standards. Read More
First and foremost: appraisals are opinions, and everybody has one. The distinction being that appraisers render a professional opinion. Reports by licensed appraisers are certified as meeting the Uniform Standards of Professional Practice. The value reported must conform to the legal definition and concept of “market value.” Read More
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