Michael W Collier & Assocs

read moreWe are the leading provider of property valuation in the real estate mortgage industry - specializing in residential property. No property is too small or too intricate. We promise hard work, an ethical approach, resulting in a valuation you can count on.

read moreSelling your home? You would be wise to invest in a professional appraisal. An appraisal doesn't cost that much and it pays in the long run! Unless the homeowner makes a career out of studying real estate values, like an appraiser, it's difficult for them to get a handle on local real estate values. This isn't a discussion of how much you have invested in your home, or how much you want to sell it for. Rather, a appraisal provides a professional opinion on your home's market value. Quite a few NC homeowners are deciding to sell their homes FSBO (For Sale By Owner) and foregoing the help of a real estate agent.

read moreGetting a home can be the most significant financial decision many people may ever make. Whether it's where you raise your family, a second vacation home or one of many rentals, purchasing real property is an involved transaction that requires multiple parties to see it through. Most of the participants are quite familiar. The most familiar face in the transaction is the real estate agent. Then, the lender provides the money required to finance the deal. And the title company makes sure that all areas of the sale are completed and that the title is clear to transfer from the seller to the purchaser.

read moreWhen interviewing a home inspector, ask the inspector what type of report format he or she provides. There are many styles of reports used by property inspectors, including the checklist, computer generated using inspection programs, and the narrative style. The most important issue with an inspection report is the descriptions given for each item or component. A report that indicates the condition as "Good", "Fair" or "Poor" without a detailed explanation is vague and can be easily misinterpreted.

read moreWe think of what we do as a profession. Requirements to become a licensed appraiser have become more difficult than ever before. That's why it goes without question these days that real estate appraisal can definitely be called a profession as opposed to a trade. In our field, as with any profession, we have a strict ethical code. We have many responsibilities as appraisers but our chief duty is to our clients. More often than not, for a typical residential appraisal, the appraiser's client is the lender ordering the appraisal.

read moreHave you heard an appraiser use any of these terms? Did you just hear one of our appraisers use it and you came here to figure out what it meant? We don't mean to speak a foreign language, but any profession has its jargon. What res ipsa loquitur is to a lawyer and triple witching is to day traders, external obsolescence is to appraisers. On this page, we'll give some examples of common appraiser jargon and their meanings. When comparable properties have been identified, the appraiser makes adjustments to the Sales Price of each of the comparables to bring them into equivalency with the subject property, accounting for differences in location, construction quality, living area, acreage, frontage, amenities and the like.

read moreWe offer a full range of Real Estate Appraisal services, with experience in many types of property. We are also experienced in litigation support and expert witness services. Clients who have used our expert testimony services include government agencies, tax entities, financial institutions, legal and accounting firms and many other businesses. In many cases, our independent, supportable analysis has allowed clients to settle cases without going to court. An appraiser must remain unbiased in performing an appraisal of a property.

read moreTo help the appraisal go as smoothly as possible we generally recommend you take the following actions and prepare the listed documents, if available, for the appraiser.