Appraisers can't render any idea of the value of a property until they have completely inspected the site and improvements, researched the market and compared the property to others that have sold recently in the area. These things change with each appraisal and vary as the market changes.
An appraisal is a snapshot of value as of a given day. The market could change the following day or within a few weeks and values could change up or down. Typically a lender will consider an appraisal that is less than six months old to be current. However, this can change and is not the case with all lenders. There is no hard and fast rule with respect to how long an appraisal can be used or how long it can give an indication of the value of a property.
Yes, we provide commercial appraisal work including most estate valuations, easement and eminent domain appraisals, well site valuations and property settlement appraisals in divorce cases.
Yes, we are FHA approved and perform appraisals in San Juan County including Farmington NM, Aztec, Bloomfield and Kirtland as well as parts of McKinley County NM.
