Anchor Pacific Appraisal
2450 Mission Street, Suite 5
San Marino, CA 91108
On the Web: www.anchorpacificappraisal.com
Hours of Operation: Please Call for Appointment
Anchor Pacific Appraisal
Formed in 1952, Anchor Pacific Company services our home territory of Los Angeles County and the Western United States for all types of Real Estate Appraisal and Real Estate Consulting.
Anchor Pacific Company specializes in appraisals of:
Single Family Homes
Commercial and Industrial Poperties
Anchor Pacific Company is a real estate appraisal firm that performs appraisals of Single Family Homes, Multi-Unit Apartments, Condominuims, Commercial and Industrial Properties, and Vacant Land, was formed in 1952 as an independent appraisal firm that specializes in real estate appraisals throughout the western United States.
Anchor Pacific Company emphasizes these scopes for our Real Estate Appraisal Service:
- Division of Interest
- Income/Estate Planning
- Real Estate Consulting
- Property Tax Appeals
- Other Special Purpose Evaluations
As Real Estate Consultants, Anchor Pacific Company is adept at:
- Environmental Impact Reports
- Marketing Studies
- Feasability Studies
Coordinated computer analyses are uses to augment traditional reporting systems in all of our services.
When and Why do I need to get a Real Estate Appraisal?
A professional real estate appraisal is needed, when it is necessary to know the true market value of your home, your commercial building or vacant land. Mortgage lenders most often arrange for a professional appraisal. However, property owners, buyers and sellers or their attorneys may need to hire an appraiser in the following situations,
- Asset Distribution
- Arbitration Cases
- Counseling and Consultation
- Determination of a Fair Sale Price
- Divorce, Division of Interests
- Estate Evaluation
- Eminent Domain
- Employee Relocation
- Expert Witness Testimony
- Gift Evaluation
- Income Producing Property Evaluation
- Insurance / Cost Purposes
- Market Analysis
- Market Rent and Trend Studies
- Partnership Dissolution
- PMI Removal (private mortgage insurance)
- Property Disputes (views, easements, etc.)
- Tax Assessment Review
An appraiser is a professional who specializes in providing opinions of value. Most appraisers specialize in real property; others specialize in other types of property, e.g., gems or machinery and equipment. Professional, licensed and certified appraisers have completed a broad, basic education curriculum and continuing education requirements as well as mandated, supervised experience.
What comprises a Real Estate Appraisal?
The most visible part of the appraiser's work, the property inspection, is only the tip of the iceberg of what is involved. Before going to the property, the appraiser
- Researches public records data
- Obtains a plat map
- Checks the zoning
- Scrutinizes flood hazard data
- Researches the sales and listings of similar properties in the immediate area
The data sources may include information from the Multiple Listing Services, Transamerica Intellitech (Metroscan), and First America Real Estate Solutions and California Marketing Data Cooperative. During the inspection, the appraiser identifies and evaluates structural details, makes drawings of the property and other improvements, and notes the quality of construction and current condition. Interior and exterior photographs are taken.
It is the job of the professional appraiser to determine these values by gathering, analyzing and applying information pertinent to a property.
What makes a good Appraisal?
Written appraisals should conform to the Uniform Standards of Professional Appraisal Practice and meet the requirements of the IRS, and/or the local courts, A good report should answer your questions and consider all relevant factors. It should include a correct definition of value that is related to your intended use of the appraisal. You should feel satisfied and confident of the conclusions.
What questions should I ask when hiring an Appraiser?
- What Qualifies You to Appraise? - A formal education embracing appraisal standards which consist of appraisal theory, principles, procedures, ethics, and the law are essential. Reports must conform to the standards of the appraisal profession. For this reason, the Appraisal Foundation has established the Uniform Standards of Professional Appraisal Practice.
- Are All Appraisers Licensed? – No! In California here is no legal certification or licensing required for appraisers. Membership in professional organizations ensures, through core courses, testing, educational programs, and standards, that its members are qualified to provide appraisals that reflect the utmost in accuracy, competence and integrity.
- Do You Belong to an Appraisal Organization? - Membership is important because it shows that the appraiser must adhere to a code of ethics and conduct. In addition to enforcing a code of conduct, the Appraisal Institute (AI) has provided quality educational opportunities and has rigid requirements for advancement and continued membership. AI is a Federally recognized leader in appraisal education and a pioneer and a strong supporter of appraisal reform and licensing laws.
- What is your Experience? - Both experience and expertise are important. Federal regulations require that appraisals meet strict criteria and be performed by qualified appraisers.
- What should I Expect for My Money? You should receive the service of an educated appraisal expert who will provide you with a formally written and descriptive report which the appraiser is willing to defend in court.
What is Your Fee and on What Basis is it calculated? - It is not ethical to charge a fee based on a percentage or contingency or outcome. The fee should be negotiated.
WILLIAM H. BORTZ
CREA, CA Lie. #AGO12078
Candidate for senior designation of the professional societies - He was associated with Anchor Pacific as an independent fee appraiser for four years before becoming a partner in 1996. He has performed many appraisals of single family, commercial, office, units and raw land in both URAR form and narrative report formats. He has also done feasibility and market price studies as well as employee relocation appraisals.
He has been in the appraisal/credit analysis field since 1966, where his experience includes everything from planning and implementing a small business loan program overseas, preparing credit reports on companies, supervising credit and research departments, and interviewing key people in businesses as part of the research and investigation process.
He holds a BS degree from Georgetown University School of Foreign Service in Washington, DC and an MBA from Loyola Marymount University in Los Angeles. He has completed 268 hours of real estate appraisal courses covering all aspects of the appraisal art. In addition, he has attended continuing education classes and seminars in excess of that required for recertification.
His professional association affiliations include the Appraisal Institute, Pacific Chapter; Appraisers Information Group; Employee Relocation Council and the American Society of Appraisers. His community activities include member of the San Marino Rotary Club, member of the San Marino City Club, member of the Arcadia Chapter of Business Network International and member of the San Marino Chamber of Commerce.
JACK C. FLYNN
ASA, SRA, GAA; CA Lie. #AGO08677
A varied and strong background in real estate appraisals and the founding partner of Anchor Pacific. His appraisal background
includes commercial and industrial evaluations (hospitals, medical facilities and single purpose properties, raw land); residential properties (single family homes, tract and town houses, condominiums and apartments) and vacation properties (hotels, motels, mobile home parks and recreation areas); as well as market and feasibility studies.
He is familiar with all of the requirements needed for preparation of the following types of studies and reports: estimates of market value, feasibility, market analyses, insurance evaluations, fair rent studies, salvage valuations, replacement value, absorption rates, leasehold studies, component depreciation, and land use analysis. Reports can be prepared in the following formats: narrative, letter, facsimile transfer, phase reports, corporate forms, appraisal review, and FHLMC and FNMA forms.
He holds a BS degree from USC in Los Angeles and has taken UCLA Extension graduate courses in real estate appraisal. He was a Business School instructor at Pasadena City College for over 30 years in real estate and finance. Mr. Flynn was a Designated Real Estate Instructor (DREI) by the Real Estate Educators Association and is a former Chief Appraiser for Union Federal of Los Angeles. He is a Senior Member of the American Society of Appraisers, a Life Member of the Appraisal Institute and a Charter Member of the National Association of Realtors, Appraisal Section.
A Partial List of our Valued Clients:
- Financial & Mortgage
- Chase Manhattan Mortgage
- Citizens Business Bank
- Northern Trust Bank, Los Angeles
- CTX Mortgage, La Jolla
- First Capital, Santa Monica
- Hahn & Hahn, Pasadena
- Holley and Galen, Los Angeles
- Snyder, Hancock and Ashworth, South Pasadena
- McGinley & McGinley, San Marino
- Martin Werbelow & Co., Pasadena
- Ken Lloyd, CPA, Seattle, WA
- Real Estate
- Coldwell Bankers
- Courtesy Real Estate
- DBL Realtors
- Prudential California Realty
- Government Agencies
- City of San Marino
- City of Arcadia, Redevelopment\
- City of Alhambra
- City of Los Angeles (CRA)
- Relocation Companies
- National Equity, Omaha, NE
- ReloAction, Pleasanton
- Prudential Relocation, Houston, TX
- Associates Relocation, Irving, TX
Contact us for a complete list, including types of properties appraised.