Natural Disasters and the Appraisal Industry: What to Expect
ACT Appraisal
OCTOBER 10, 2018
Natural disasters, like hurricanes, wildfires, and tornados, can have a huge impact on the appraisal industry. For residential appraisers, the work can increase shortly after a natural disaster, whereas, for commercial appraisers, the work may decrease as business transactions dip as people focus on their homes. What are Disaster Inspections? Post-disaster inspection reports and appraisals are critical for homeowners, lenders, and insurance companies.
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