6A — September 14 - 27, 2018 — Appraisal — Financial Digest — M id A tlantic Real Estate Journal
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A ppraisal
By Abbey Tucker, Barley Snyder Appraisers, this is how you should work with attorneys
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our service to our clients as be- ing able to provide referrals to appraisers, so our group keeps an ongoing list of appraisers we have worked with. We also take note if an appraiser has any special expertise. Our clients own properties ranging from continuing care retirement communities to industrial op- erations to hotels to residential properties, so a quick way to rise to the top of our list for projects is to make your exper- tise known. Our clients also often own property outside of our geographic footprint, so let us know if you do work in other regions. Be Professional. Attorneys have very little vested interest in the actual fair market value you determine a property to be worth, but are generally look- ing for qualifications, profes- sionalism, and reliability over any other qualities. Your work product and responsiveness reflect back on the attorney, so don’t sacrifice these qualities if you can avoid it. The better you can make the attorney look, the more likely they are to recommend you for work in the future. Abby Tucker is a an as- sociate in the Real Estate Practice Group at central Pennsylvania law firm Bar- ley Snyder, which has nine offices throughout Penn- sylvania and Maryland, including a new office in Columbia, MD. NKF ’ s Mano t t i , achieves MAI Designation PHILADELPHIA, PA — Newmark Knight Frank (NKF) announced that Valu- ation & Advisory (V&A) first vice president Peter Manotti of the Philadelphia office, has obtained the prestigious MAI designation awarded by the Appraisal Institute . “Pete truly embodies the traits that make him highly deserving of this designation,” said Joseph Pasquarella, MAI, CRE, FRICS, V&A senior managing director and market leader for eastern Pennsylvania and Delaware. “Akin to his focus and acumen when playing college football, Pete brings the same work ethic to his appraisal business – al- ways improving, always trying something new and never being content with status quo!”
tell us that at the outset. While you may not get a full fee if we decide not to pursue an appeal, you will certainly be on our call sheet for the next client. Communicate. Attorneys’ practices are built on securing good results for our clients, and offering superb client service when doing so. When we engage a third party – an appraiser, engineer, broker, or someone else – to help us achieve the results our clients want, we can’t sacrifice the service aspect of our profession. Don’t be shy about enlisting the help of your office staff to keep an attorney
up to date on any progress. We are accustomed to working with paralegals and administrative assistants so we understand if you can’t personally return our call. Lawyers also like to keep a written record so we can keep our client in the loop, so follow up on voicemails with an email message. Let us know your special- ties. Many people only interact with appraisers in connection with lending, so when a client needs a recommendation for an appraiser, their first call is often to their real estate at- torney. Our firm views part of
and offer a courtesy first look. Unlike with appraisals completed in connection with financing, when a client is con- sidering an assessment appeal it may or may not make sense for the client to expend the re- sources to appeal. The apprais- ers who offer to do an informal valuation at a discounted rate, to give us an idea whether the appeal is worth pursuing, are the ones I turn to time and time again. In the instances where the assessed value appears reasonable, our clients save significant time and resources when an appraiser is able to
s a real estate attorney, I frequently engage ap- praisers to value prop-
erties for as- sessment ap- peals. These appeals come up on an an- nual basis, so attorneys can be a recur- ring source of work for ap-
Abbey Tucker
praisers. Here are some tips for working with attorneys when engaged to appraise property for assessment appeals. Understand the project,
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