Our qualified residential appraisers have several years of experience in the local real estate market. Over the last several years we have accumulated a strong database of comparable properties within Central Florida and the Orlando MSA. As a result, our appraisers have developed a comprehensive knowledge of current market values, an understanding of supply and demand, an insight of influential factors attributed to value and an overall awareness of market trends within a concentrated area.
Our residential department provides appraisal reports and/or trend analysis to clients in such industries as:
- Banks/Financial Institutions
- Governmental Agencies
- Attorneys/CPA’s for estate, tax planning, and family law settlement purposes
- Developers/Corporations/Individuals for buy/sell decisions along with asset valuation purposes
We appraise single family, multi-family (two to four unit dwellings), condominiums, and residential land. We are FHA certified.
Residential appraisals are completed within 48 hours after inspection. Fees are competitive and quotes are available.
Consulting often involves the consideration of specific needs and objectives of the client and differs on a case-by-case basis. These services typically do not involve the development of an opinion of value, yet still offer valuable data to solve the problem at hand.
The study of influences upon client and/or consumer behavior and the analysis of market characteristics directly related to market trends. Market studies may include a forecast of general economic conditions as related to fundamental determinates of demand in a particular market. General economic conditions may include the study of demand for a specified type of real estate project in the future which may include as estimate of such things as absorption rates, current and forecasted market rents, supply and demand trends in a particular market, real estate appreciation and depreciation forecasts and trends, and current cost indexes and/or market trends.
The act or process of developing an analysis, recommendation, or opinion to solve a problem, where an opinion of value is a component of the analysis leading to the assignment results. An appraisal consulting assignment typically involves an opinion of value but does not necessarily consist of an appraisal or an appraisal review as its primary purpose.
An insurance appraisal requests the reconstruction value of the improvements as with like-kind material, no consideration of depreciation and the exclusion of the underlying land value. The scope of work is generally defined as the Replacement Cost Value “As Is” and should be appraised as such. This type of appraisal is most often used by lenders to determine the potential loss associated with the improvements and by insurers in an effort to determine coverage amounts used to set insurance premiums binding coverage.
Construction Draw Inspections
Our expertise in the area of construction allows us to properly evaluate and report the accuracy of the draw request (including change orders), note construction phase completion and identify on-site stored materials. Construction draw inspections performed by The Market Connection will include a routine site inspection of the contractor’s payment request and evaluation of the representations made in each line item of the contractor’s cost statements.