Commercial Appraiser
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  • El Segundo, CA
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Debacle III-The Petition

Started Jul 1, 2012 0 Replies

The Petition http://www.ipetitions.com/petition/commercial-appraiser/For years we have railed against appraisers using reo,…Continue

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Company name and description
Commercial Appraiser and Forensic Consultant
310.337.1973
http://www.harriscompanyrec.com
The Harris Company, REA/C

Commercial Appraiser

Commercial Appraiser

OUR
MISSION
To provide our clients with the best,
most reliable consulting services available anywhere at any
price.

OUR
WEBSITE
Google's mission is to organize the
world's information and make it universally accessible and useful.  Theobjective of our website is to organize the world's real estate information
and make it universally accessibleand useful.  Sometimes it pays to
play "Follow the Leader."

OUR WORK PLAN, A TECHNICAL /
FORENSIC
APPROACH
We believe the prerequisites of a
successful real estate appraisal, consulting, and valuation firm arediversity, an extensive background, and specialized knowledge that when
utilized appropriately are thecatalysts for complex problem solving.
Accordingly we have developed a methodology and study approachwhich
exploits the most recent developments in computer technology for both data
analysis and informationmanagement.  In addition to the commercially
available software, utilized by our firm, such as Word Perfect,MicroSoft Office, Generic CADD, FloorPlan, and Plan Ease we have designed
analytical software usingLotus 1-2-3, Fortran IV, and even Basic-A.
Our proprietary software was designed to prepare market dataanalysis,
building load and function analysis (based upon key design ratios), standard and
discounted cashflow analysis, sales comparison analysis, multiple
regression analysis, lease vs. buy analysis, and acomplete
development-investment-and-financial analysis au fait participating mortgages
and equitystructures providing simple, cumulative, and compound
preferences. (IRS TAX Appraiser Services,assessment tax appeals
appraiser)

In the areas of land use (highest and best use), economics,
market analysis, and planning our endeavorshave resulted in the
production of several computer models that are capable of measuring the benefits
anddisadvantages of planned and sporadic growth patterns.  Aided by
tools such as export base multipliers,location quotients, input/output
analysis, and aerial photography we have successfully tracked andidentified, economic and social factors, which have lead to regional
prosperity or blight.

We are aware that some jurisdictions may have laws,
administrative rules, regulations, or ordinances thatstipulate
requirements in the valuation of real estate within their jurisdictions.  We are
then bound to utilizethese requirements and comply with USPAP under
the Jurisdictional Exception Rule.

We are well aware that we are in an
information driven industry and to insure ready access to the best andmost recent information effecting the real estate industry, we have made a
significant investment in ourlibrary which contains Expert Witness in
Civil Trails by Mark A Dombroff, Construction Arbitration by ThomasOehmke, and a complete set of the following: California Real Estate Law
2d., by Miller and Stark; selectedvolumes, including The California
Eminent Domain Law of Deering's California Codes published by BancroftWhitney.  And, a complete text of the following: Section 49, Code of
Federal Regulations, Part 24 - TheUniform Relocation Assistance and
Real Property Acquisition for Federal and Federally Assisted Programs;The Appraisal Guide, which provides guidance on appraising real estate for
acquisition under 49 CFR, Part24b, May 2001; The Uniform Appraisal
Standards for Federal Land Acquisition, 1992; Title 2, CaliforniaCode
of Regulations, Office of Public School Construction, Section 1859.44.1, Site
Acquisition Guidelines;Title 5, California Code of Regulations,
Education, Section 1400, Minimum Standards; Title 25, CaliforniaCode
of Regulations, Housing and Community Development, Section 6182, Acquisition;
The CaliforniaHealth and Safety Code Division 24, Section 33000, en
seq - The California Community RedevelopmentLaw; The California
Evidence Code Section 810-824, Evidence of Market Value of Property; The
CaliforniaCode of Civil Procedure Section 1258.210-1258.300,
Discovery-Exchange of Valuation Data; The LosAngeles County Superior
Court Rules, 1995; and via the Internet, California Law, which consist of 29
codes,covering various subject areas, the State Constitution and
Statutes.  Information presented reflects lawscurrently in effect.
[Commercial Appraiser Los Angeles (LA CA) real estate appraiser los
angeles]

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Estate Consultant, Appraiser,Commercial Appraiser, Real Estate
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Appraisal Institute, InstituteAppraiser, MAI Appraiser, Commercial
Appraisal, Commercial Appraiser, Income Property Appraisal, IncomeProperty Appraiser, Appraisal, Appraiser, Commercial Real Estate Appraiser,
Fast Appraiser, Real EstateConsultants, Real Estate Appraisers,
Apartment Appraiser, Land Appraiser, Real Estate Inspectors, RealEstate Broker, Expert Witness-Real Estate, ASTM E2018, Insurance Inspector,
FEMA Inspector, MAI,Appraisal Institute, General Appraiser, Full
Service Real Estate Consultant, loan calculator, Real EstateServices,
Appraisal Services, Approved Appraisers, Link Partners, HUD Appraiser, Rehab
Consultant,Remodel Consultant.  [Commercial Appraiser Los Angeles (LA
CA)]    Property Appraiser, PropertyAppraisal, Real Property
Appraiser, Commercial Property Appraiser, IRS TAX Appraiser
Services

OUR COMPANY
HISTORY
Founded in 1984 along with our
subsidiary, the Property Inspection and Reporting Service of SouthernCalifornia (PIRS), we have successfully completed a variety of assignments
including administration of theLos Angeles County Housing
Rehabilitation Loan Program (
HRLP).  Our administration
of the HRLPprovided us the opportunity to assist with the
rehabilitation of residential properties owned by people withlow and
moderate incomes.  The scope of our administrative responsibilities was general
in nature andincluded the following: notifying property owners of
available funds, qualifying applicants based uponincome and need,
project planning, preparation of bid documents - including plans and
specifications,contractor selection, and construction monitoring on
one to four family residences.  At the risk of soundingboastful we
proudly say that of the six companies contracted by the County of Los Angeles,
the PIRS/HarrisCompany alone, was successful in making loans with 100%
of the funds allocated to our firm.

On July 15, 2001 we were notified by
the Housing Authority of the City of Los Angeles, California that ourproposal to provide their agency with both Fair Market Value Appraisal
Services and Real Estate PhysicalInspection Services had been
accepted.  We anxiously await the execution of these contracts and servicingthe needs of this well respected agency.

Also in 2001 we were
approved to prepare real estate valuations for the Los Angeles Unified School
District.  To date we have completed one limited-summary, acquisition
appraisal on a R.V. Storage Facility. The function of this assignment
was to assist the LAUSD in the evaluation and acquisition of the real estateinterest as required for the Woodlawn Elementary Expansion
Project.

On July 1, 2001 we, once again (1997-2001), were awarded
contracts to provide real estate appraisalservices to the County of
Los Angeles, California.  The first of which is from the Community Development
Department which has an aggregate compensation of $380,000 and the
second is from the HousingAuthority of the County of Los Angeles with
an aggregate compensation of $100,000.  This follows the lastyear of a
three contract to provide Real Estate Acquisition Appraisal and Consulting
Services to, theEconomic/Redevelopment Division of the
Community Development
Commissio
n of the County of LosAngeles.  Appraised property types have ranged from small residential and
commercial properties to largecommercial/industrial sites.  Appraisal
functions have ranged from “acquisition” to “finance” to “sale” andfrom “as-is” to “as proposed” or “in reuse.”  Communities include: West
Altadena, Marvilla, Willowbrook,East Los Angeles, and East Rancho
Dominguez.  While these appraisals are prepared in compliance withthe
State of California Eminent Domain Law, the likelihood of any forthcoming
condemnation action isminimal.

From 1998 to the Present and for
four years (1989-1993) under contract, we have provided real estateconsulting and appraisal services to the Community
Redevelopment Agency of the City of Los Angeles.
These services include:
Market and Fair Market Value Appraisals on Commercial (Office/Retail)
Properties,Special Use Properties (several restaurants and a 29,000
square foot movie theater), Agency OwnedProperties (most notably one
Recreation Center); and "Before" and "After" Rehabilitation Appraisals onSingle Family Residences, Multiple Family Residential Properties,
Residential Community Care Facilities,Affordable Housing, and even
Single Room Occupancy Housing.  In our years of service we completed 98% of our assignments on time and error free.  Communities include: Downtown
Los Angeles, Little Tokyo,Korea Town, South-Central, Pico-Union,
Crenshaw, Boyle Heights, San Pedro, and Watts.

real estate appraiser los
angeles, assessment tax appeals appraiser

From 1997 to present we have
assisted the
Commerce Community
Development
Commission
with a numberof Appraisal
Assignments on vacant and improved Multifamily Residential, Commercial, and
Light IndustrialSites. 

Just recently we were Certified by the
Real Estate Assessment Center (
REAC), a newly formed agency
ofHUD, who awarded us a sub-contract to produce physical inspections
and provide financial information forHUD-insured and assisted housing.
The purpose of the Inspection Contract is to inspect properties withHUD-held mortgages, properties for which HUD acts as the Section 8 contract
administrator, and propertiesowned by Public Housing Agencies.  We
look forward to assisting Secretary Cuomo with the implementationof
his HUD 2020 Management Reform Plan who’s goal is “to restore public trust in
HUD and executing itsmission to ensure decent, safe, and  sanitary
housing in good repair.”

From 1995 to date, we were given the enviable
opportunity of providing Real Estate Disposition Consultingand
Appraisal Services to the Nations Largest Purchaser of First Trust Deeds and
Mortgages, the FederalNational Mortgage Association, FannieMae.  To
date we have provided Rehabilitation and Sales Consultingalong with
“As-Is” and “As-Repaired” Valuations on more than 475 residential properties and
have played asignificant role in assisting with the disposition of
hundreds of Real Estate Owned (REO) properties.  Wehave been over 99%
effective in meeting our 7 day verbal, and 10 day written appraisal
turnaround.

In 1994, we began providing acquisition consulting and
appraisal services to the Community DevelopmentCommission, County of
Los Angeles for its Low Income Housing Program.  They designed this program to
provide County owned, low income and Section 8 housing, extraneous to
conventional housing projects.  Itsobjectives are to acquire vacant
land or distressed multifamily residential properties and build or rehabilitate
these properties to provide "decent, safe, and sanitary" housing for
needy families.  To date we haveparticipated in the creation of more
than 100 qualified units, either by site location and  acquisitionnegotiation, or by providing real estate appraisal services.  Communities
include: Florence, East LosAngeles, and Willowbrook.

In 1991,
we provided instrumental assistance, in the form of acquisition consulting and
appraising, with theFreedom Ford Relocation Project, a proposed 3.5
acre redevelopment project, located within the
City of Lynwood
(
a single $25,000+ assignment).  We
can handle the big jobs.  Unfortunately the economic viabilityof this
project could not be established, and therefore, it was abandoned.  We take the
upmost pride in ourcontribution to the completion of the "Lynwood
Towne Center," a 10-acre Commercial RedevelopmentProject, which
included acquisition consulting, planning, feasibility analysis, and real estate
valuations oncommercial and light industrial properties within the
project area.    [Commercial Appraiser Los Angeles (LACA)]

Our
list of prestigious clients includes the Los Angeles Unified School District,
the Alameda CorridorEngineering Team, the County of Los
Angeles-Metropolitan Transportation Authority (METRO), the FederalNational Mortgage Association (FannieMae), IndyMac Bank, Washington Mutual,
the City of Los Angeles-Community Redevelopment Agency, the County of
Los Angeles-Community Development Commission, theCity of
Pasadena-Community Development Department, the City of Lynwood-Lynwood
RedevelopmentAgency, the City of Compton-Compton Redevelopment Agency,
the City of Culver City, the City ofCommerce-Community Development
Commission, Western Federal Savings, City National Bank, DowneySavings, Wells Fargo Bank, Alliance Bank, One United Bank, Founders
National Bank of Los Angeles, IRSTAX Appraiser Services, The
Resolution Trust Corporation, Emerson International Companies, BroadwayFederal Savings, ICON Associates, Pacific Southeast Partners, and many
others.  Our assignments haveranged from fair market value appraisals
on single family residential real estate to economic feasibilitystudies and development planning on commercial and industrial real estate.
With pride we say that ourbroad-based education, experience, and
commitment, have qualified us as experts in the fields ofResidential,
Commercial and Industrial Real Estate, and more recently Business Valuations.

http://www.harriscompanyrec.com/appraisalaboutus.html

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MAI, APPRAISAL INSTITUTE. Debacle III

Posted on September 2, 2012 at 2:41pm 0 Comments

MAI, APPRAISAL INSTITUTE. Debacle III http://www.ipetitions.com/petition/commercial-appraiser/

For years we have railed against appraisers using reo, short sales, probate sales, and other non-arms length sales as comparable when valuing "market value" which is defined as:

Market Value is defined as: the most probable price which a property should bring in a competitive and open market under all conditions…

Continue

Debacle III, The Petition

Posted on June 26, 2012 at 11:11am 0 Comments

Debacle III                   

The Petition http://www.ipetitions.com/petition/commercial-appraiser/

For years we have railed against appraisers using reo, short sales, probate sales, and other non-arms length sales as comparable when valuing "market value" which is defined as:

Market Value is defined as: the most probable price which a property should bring in a competitive and open market…

Continue

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