Real Estate Appraisal 
In both business and personal life, circumstances arise in which an impartial estimate of market value is needed. Whether the need for an appraisal is due to the purchase or sale of real estate, estate planning, or litigation, accuracy and the ability to meet deadlines are important.

Generally, appraisals are required for situations in which there are conflicting perspectives. Opposing interests often seek different values, and it is the job of the appraiser to provide an objective estimate of value, allowing the parties to proceed.

Because appraisers are called upon when the values in question are significant, appraisal qualifications are critical. All parties are best served by an appraiser with experience in the relevant markets, good judgment, and the integrity that makes his or her opinion credible. An appraiser must also have the ability to communicate and defend his or her opinion.

The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989, required all states to institute licensing and certification programs for appraisers. Prior to passage of the act, the only measures of appraisal qualifications were through appraisal "designations" offered by appraisal organizations. The designations testified to the achievement of a certain level of competence, verified by the designation. Requirements for designations varied greatly and some organizations focused on specialized appraisal skills. FIRREA and state licensing effectively created a mandatory and uniform standard of competence and ethics.

In addition to licensing and designation, however, the experience and type of work done by an appraiser is also important. The qualifications and experience of Rincon's appraisers are available on request.

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Information provided herein has been obtained from sources deemed reliable, but is not guaranteed