Copyright © 1995-98 by Stephen Traub, ASA, Newburyport, MA
SINCE EACH STATE has regulation of its appraisers, one might think by contracting a State Certified Appraiser that one is getting a suitable appraiser. In legal matters, one would not hire a fledgling criminal attorney to solve complex corporate law problems. Conversely, it would be imprudent to hire the the most astute Wall Street attorney to fight a disputed parking ticket. Although all practicing attorneys are state licensed, they are not all equally skilled. The same holds true for commercial real estate appraisers.
In a recent newsletter, a state appraisal licensing board chairman lamented: "Our meetings have become ... more difficult. The majority of our time is being taken up with complaints against appraisers."
Hire a State Certified General Appraiser; don't stop there, however. State certification shows only that an appraiser has met the minimum criteria. Additional criteria also should be considered. Seven factors to consider follow:
Choose the level of expertise you desire:
When selecting an appraiser(s), investigate before you invest. The time spent will reduce the possibility of future disappointment.
Stephen Traub, ASA
For a free printed copy of Choosing a Commercial Appraiser: E-mail to: email@example.com or contact Stephen Traub, ASA, at Property Valuation Advisors, 63 Hill St., Newburyport, MA 01950, or call 978-462-4347.
Stephen Traub, ASA, is chief commercial appraiser for Property Valuation Advisors, Newburyport, MA. He is a certified general appraiser in NH, ME and MA.
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