Katherine Guidry, President
Palo Verde Appraisals, Inc.
Verde Appraisals and Katherine Guidry will be taking orders
for pre-fire and all other appraisal needs.
Grande Pre-fire Appraisals will be performed in compliance with
The Appraisal Foundation's Uniform Standards of Professional Practice.
This is a Retrospective Appraisal with extraordinary assumptions
taken from a homeowner filled out Statement of Conditions of the
subject property as of May 3, 2000.
For the homeowner
this simply means the appraisal will be dated as of May 3, 2000
and will be assessed taking into account all information provided
in the Statement of Condition
This is all pretty
cut and dry as far as methodology is concerned. It is not as clear
what the uses will be.
The Office of Cerro
Grande Fire Claims retained PricewaterhouseCoopers to determine
if the Fire had reduced residential real estate market values in
Los Alamos County. Their findings issued March 28, 2001 but with
data collected as of January 31, 2001 states that Los Alamos County
Residential property values declined between 3-11%.
The OCGFC intends
to request subsequent analyses of the Los Alamos County residential
real estate market until the real estate market returns to price
levels that would have prevailed in the absence of the Fire, or
up through the second quarter of 2002, whichever is sooner. The
March 28, 2001 Final Report is available in the Los Alamos and White
Rock Cerro Grande Customer Service Centers and is available on the
internet at www.fema.gov/cerrogrande.
Realized Losses are
currently being processed for diminutive value due to the Fire.
In meetings with the
OCGFC, I have been told the issue of Unrealized Losses will be looked
at next year. At that point with appraisal and invoice in hand the
claimant can file to have his property examined for Unrealized losses.