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Updated about 7 years ago on . Most recent reply
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Looking for land appraisal in Santa Rosa, CA
I am in need of an experienced raw land appraiser in Santa Rosa, CA. I run a hotel, which unfortunately burned down in the wildfires back in October. The insurance-appointed appraiser was quite vague on the land component of the appraisal in comparison to the property, using very old comps and not taking a few items into consideration that may have a large impact on the valuation.
I am working with approximately 9 acres divided into 3 lots.
Suggestions welcomed.
Thank you,
Justin
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You need a MAI appraiser (it's a specific designation for advanced appraisers that requires an elevated level of knowledge, essentially). Not just any residential appraiser will do. If the property were a single-family home lot the answer would be different, but for the property you are referring to you need more than that.
You might see if your hotel owner has any banking relationships locally, then reach out to them to pick their brain for a good MAI appraiser. Commercial lenders use them all the time.