REAL ESTATE APPRAISAL Our team of right-of-way/easement appraisal specialists has a great deal of experience in completing appraisals for right-of-way and easement acquisitions ranging from simple strip easements to complicated partial takings. We have completed hundreds of assignments for projects which received federal, state and local agency funding. Regardless of the funding source or the complexity of the assignment, we follow the Uniform Act and the appraisals are developed and prepared within the framework of the appropriate guidelines—whether it be the Federal Land Acquisition “Yellow Book” standards, or the Illinois or Missouri Land Acquisition Manuals.
APPRAISAL REVIEW For us, the appraisal review is not just a “rubber stamp” phase of the Land Acquisition/Easement process, but rather serves as an additional layer of assurance that the Uniform Act is followed properly as not to jeopardize the project’s funding. Our goal as review appraisers is not to bog the process down with minutia, but to make sure the valuation process was sound, that the critical aspects of the property before and after the partial taking were considered and that the appraisal was properly reported. We understand that the Appraisal Review is an important step, but that the review must be turned around quickly so that it doesn’t delay the project.
NEGOTIATION The negotiation phase of a project can be the most time consuming of all the phases. We bring our knowledge of the valuation process to the negotiating table which provides the property owner with a better understanding of how the just compensation offer to them was developed. Treating the property owners with respect and professionalism helps pave the way for successful negotiations.
PROJECT MANAGEMENT Project Management is probably one of the more overlooked areas of the entire process, but it is one of the most critical in getting a project from plats and plans to construction in a timely manner. Our experience in appraising large projects has resulted in our development of an administrative system which makes the entire process run smoothly with no gaps between the necessary steps. It may seem simple, but a good project manager can make or break a project.
Mortgage Loan Underwriting Appraisals
We have experience in appraising almost all property types ranging from single family residences to large multi-tenant commercial properties. While the majority of our mortgage loan underwriting work is completed within the St. Louis Bi-State Metropolitan area, we have completed projects throughout the State of Illinois from Rockford to Cairo, Illinois. On the Missouri side, most of our work is centered around St. Louis and Southeast Missouri.
Examples of the types of properties we have appraised include: Automotive Facilities Houses of Worship Single Family Residences Duplexes Apartment Buildings Retail Buildings Vacant Land Office Buildings Banks Office/Warehouses Storage Facilities Restaurants Residential Subdivisions Horse Farms Manufacturing Buildings Industrial Buildings Biodiesel Plants Medical Facilities Fraternal Buildings Multi-Tenant Strip Centers Assisted Living Facilities Nursing Homes Hotels Gasoline/Convenience Stores Campgrounds Movie Theatres Funeral Homes Bowling Centers
This branch of our firm provides property owners and their legal and financial representatives valuations for their specific needs. In many cases this has been for litigation support where we have provided valuations for divorce, bankruptcy proceedings, and property disputes. We have experience with Expert Witness testimony both in depositions and in trial. We also provide appraisal services for financial planning, estate planning and tax related issues. We have provided real estate tax assessment appeal services for both the property owners and the assessing authority. We have experience testifying at the State Tax Appeal Board level. Lastly, corporations have hired us to appraise large portfolios of their real estate holdings for their own internal information or asset management purposes. We are chosen for our ability to complete a large number of appraisal assignments quickly. This corporate work has resulted in us completing appraisal assignments in multiple states, including not only Illinois and Missouri, but also Iowa, Arkansas, Pennsylvania, Arizona, and Utah.