Billy M. Kelly, Real Estate Appraiser

Billy M. Kelly
Mississippi, Real Estate Appraiser, Broker, Consultant
513 West Park Avenue, Greenwood, Mississippi, 38930
Mississippi Certified General Real Estate Appraiser License # GA-449
Mississippi Licensed Real Estate Broker License # 8198
I can be reached at the James Quinn Agency
Phone: (662)453-3269 Fax:(662)453-3269 Home:(662) 455-3033
Residential - Commercial

Narrative Reports, plus Forms: 1004, 2055, 2056, 704, ERC, and 2000 reviews


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 Importance of an Appraisal Services Appraisers Offer The Appraisal Process
Counties
Covered:
Leflore
Carroll
Grenada
Sunflower
Washington
Bolivar
Montgomery
Coahoma
Holmes

The Importance Of A Professional Real Estate Appraisal

Because much private, corporate, and public wealth lies in real estate, the determination of its value is essential to the economic well-being of society. It is the job of the professional appraiser to determine these values by gathering, analyzing, and applying information pertinent to a property.

Unquestionably, the professional opinion of the appraiser, backed by extensive training and knowledge, influences the decisions of people who own, manage, sell, purchase, invest in, and lend money on the security of real estate. And because the appraiser is trained to be an impartial third party in the lending process, this professional serves as a vital "check in the system," protecting real estate buyers from overpaying for property as well as lenders from over lending to buyers.


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What Services do appraisers provide?

Services provided - In our complex society, you may need and use the services of a professional real estate appraiser for a variety of reasons. Depending upon an appraiser's designation and qualifications, he or she can provide some or all of these services: Appraisals - Residential or Commercial; Counseling and Consulting; Evaluations; Expert Witness Testimony; Litigation Preparation; Feasibility Studies; Market Analysis; Market Rent & Trend Studies; Tax Assessment Review and Advice or Zoning Testimony.


The Appraisal Process

The appraisal process is an orderly and concise method of reaching an estimate of value. The process has six major steps which include: definition of the problem, preliminary survey and appraisal plan, data collection and analysis, application of the three approaches to value, reconciliations of value indications, final estimate of defined value. This process assists the appraiser in reaching a sound conclusion. The major phase of this process involves the application of the three approaches to value which include the Market Data Approach, the Cost Approach and Income Approach. The three approaches are reconciled and the value via most applicable approach, in the opinion of the appraiser, is selected as the final estimate of value.
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