Mississippi Appraisal Associates, LLC
Residential Real Estate Appraisal & Consulting Services

Call Us Today at (228) 206-4939

Welcome to Mississippi Appraisal Associates, LLC, a top provider of residential real estate appraisals for the mortgage lending marketplace in South Mississippi. Our licensed Mississippi appraisers have built our reputation on timely appointments, quick turn-around time, electronic delivery, on-line ordering, and excellent customer service.

Our appraisers provide accurate and efficient Mississippi residential appraisals, reducing lenders’ time, efforts, and costs in obtaining residential appraisals. Our use of current and accurate market data and thorough analysis has made us a leading residential real estate appraisal firm in Southern Mississippi. Each licensed Mississippi appraiser has the education, training, and technology required to help us perform your appraisal accurately and efficiently.

Coverage Areas

We perform appraisals the following Mississippi counties:

We perform appraisals in the following Mississippi cities and surrounding areas:

Appraisal Services

What is an appraisal? Simply put, an appraisal is defined as the act or process of estimating value (The Appraisal Foundation, Uniform Standards of Appraisal Practice, “Definitions”). Appraisals are so closely linked to value that in some countries, appraisers are called valuers. When performing an appraisal, an appraiser must analyze and opine on the value of interests in homes and other real estate. Real estate appraisal requires research into geographic market areas, assembling relevant data, applying appropriate analytical techniques, and applying knowledge, experience, and professional judgment to arrive at an estimate of value. We are a leading provider of appraisal services in South Mississippi for:

• Mortgage Financing and Refinancing;
• New Home Purchases;
• Employee Relocations;
• Private Mortgage Insurance Removal; and
• Estate Planning and Probate.

The accelerating changes in technology and valuation methods in today’s marketplace have changed the face of appraisal practice. The rise of electronic commerce in the real estate market has streamlined the loan approval process and increased the need for quick appraisal turnaround. Our appraisers are committed to staying abreast of current technological tools and trends to be sure that our appraisal not only accurate, put performed in a prompt and cost-efficient manner.

With the recent hurricane damage and troubles in the mortgage industry, the housing market in Mississippi is as volatile as ever. Recent trends in real estate, such as securitization and globalization of real estate investment, have brought new challenges as well as opportunities. Although the tried-and-true principles of appraisal practice have proven resilient, today’s appraiser cannot afford to ignore the changes occurring in the Mississippi real estate market. Our licensed appraisers are dedicated to excellence in analysis and forecasting of market conditions.

A home is both a foundation for social activities and a source of wealth. When it comes time to sell or purchase a home, an appraisal is usually necessary to determine the economic value of home ownership. This economic value may or may not correspond with the value in the mind of the buyer or seller. Our Mississippi appraisers can provide a thorough, objective analysis of value that will aid in the decision-making process that occurs any time a home is bought or sold.

Consulting Services

Although most appraisers are commonly associated with appraisals only, our appraisers also provide consulting. Consulting is defined by the Uniform Standards of Professional Practice as “the act or process of providing information, analysis of real estate data, and recommendations or conclusions on diversified problems in real estate, other than estimating value.” Land utilization studies, analysis of supply and demand, economic feasibility studies, analysis of highest and best use, and marketability or investment situations are all involved in real estate consulting. Let us help you with your real estate investment decisions.

The Role of the Appraiser

In today’s marketplace, the terms appraisal and appraiser are sometimes used lightly and can take on many meanings. However, appraisers perform different roles from most other professionals involved in the real estate process. Here is a quick rundown of how appraisers are involved in the purchase and sale of real estate:

• Buyers and sellers must make financial decisions relating to the purchase and sale of property. Since most buyers and sellers have no background in real estate, they must rely on others to assist them in the real estate process. Their “appraisals” of the worth of the property being bought or sold are usually subjective and not adequately supported by market data. An appraisal can help determine whether the asking price of a home is within the range of market value.
• Real estate salespersons/agents are licensed to sell real estate. Although they are generally familiar with properties in a general geographic location and have access to historical data, most are not licensed real estate appraisers. Real estate agents are a good resource for determining the initial asking price of a home or other property, but only a licensed Mississippi appraiser can legally provide a reliable estimate of a home’s or other property’s value.
• Other real estate professionals include loan officers, closing agents, title companies, relocation officers, and government officials involved in the real estate process. Members of this group vary in their real estate expertise. Although they are often trained in valuation concepts and knowledgeable about appraisals, they are not themselves licensed Mississippi appraisers.
• Licensed and certified real estate appraisers must meet education, experience, and testing requirements established by the State of Mississippi and other laws. Appraisers are required to meet continuing education standards and must adhere to generally accepted appraisal standards. In Mississippi, only a licensed appraiser can hold himself or herself out as an appraiser and perform appraisals. If an appraisal is needed in the mortgage lending context, only a licensed Mississippi appraiser may provide a reliable estimate of value.

Contact us today for help with your appraisal needs.