Wednesday, March 20, 2013

APPRAISING THE VALUE OF MOBILE HOMES IN FLORIDA - RESALE OR DEPRECIATED VALUE?

APPRAISING THE VALUE OF MOBILE HOMES IN FLORIDA

FORT PIERCE, Florida - Citizens Insurance Company is the insurer of last resort here in Florida which means when no other insurance company is willing to insure their car or home, residents can be guaranteed coverage through Citizens. If you are one of the thousands of mobile home owners who Citizens insures throughout the State of Florida, being protected from fire, windstorm and other disasters to your residence is a necessity. However, many of these mobile home owners face loss of coverage due to a program whereby Citizens Insurance Company won't renew policies of mobile homes whose values fall below a certain threshold. What has become controversial is the method by which Citizens evaluates the worth of these units. Instead of determining fair market value through the use of comparables, the insurer uses a depreciation table. On this basis, thousands of older mobile homes have been judged to be worth less than the threshold that Citizens is willing to insure. As a licensed personal property appraiser, I wouldn't use the rules of depreciation to place a value on a 1967 Corvette or a 1967 John Deere tractor so why employ it to evaluate a 1967 Marlette manufactured home?

Mobile homes are not real estate, rather, they are classified as personal property. But just as in real estate, personal property appraisals are almost always based on comparables. Depreciation schedules work fine on newer items of personal property that are subject to wear and tear. However, once an item reaches the end of its projected life span, if it is still deemed useful, depreciation should no longer apply. Fair market value is determined by comparable sales and overall condition of the mobile home. But Citizens has cleverly devised the most effective method to date of devaluing them - by rendering them uninsurable.

http://stlucieappraisal.net/
AUTO & PERSONAL PROPERTY
SERVICE THROUGHOUT SOUTH FLORIDA

Our service area includes St. Lucie, Martin, Indian River, Brevard, Palm Beach, Broward and Dade Counties. Cities include Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, West Palm Beach, Lake Worth, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Pompano Beach, Tamarac, Sunrise, Lauderhill, Plantation, Fort Lauderdale, Davie, Pembroke Pines, Miramar, Hollywood, Hallandale, Miami, Opa Locka, Hialeah, Coral Gables, Kendall and Homestead.

Diminished Value Appraisals throughout Florida including, Miami, Fort Lauderdale, Tampa, Jacksonville, Orlando, Pensacola, Fort Myers, Sarasota, Port Charlotte, Clearwater, Kissimmee, Melbourne, Daytona Beach, Ocala, Gainsville, Bradenton, Titusville, Panama City, Bonita Springs, Naples, St. Petersburg and Tallahassee.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $175.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $275.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00

Mobile and Manufactured Home Evaluations $325.00

All other services and additional time when necessary  $75/Hr.

You may obtain appraisals for Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Antiques, Furs, Musical Instruments, Boats, Classic & Custom Autos, Collectibles and Memorabilia, Electronics, Machinery, Mobile Homes, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.


 
 
 
The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net


 

Keywords for this article: (772) 359-4300, APPRAISAL, APPRAISER, Citizens, depreciation, fair market value, FLORIDA, insurance, manufactured home, mobile home, PERSONAL PROPERTY, St Lucie Appraisal Company, value

Updated 06-16-2013
Updated 06-20-2013

Monday, March 11, 2013

APPRAISING RUGS - PERSIAN WAR RUGS - A LINK TO OUR OWN COUNTRY'S HISTORY

WAR RUG - THE WAR ON TERROR - 2001 WORLD TRADE CENTER ATTACKS

FORT PIERCE, Florida - Although they are by no means the most expensive carpets in the world, the War Rugs that were produced in Iraq and Afghanistan rank among the most historically significant rugs ever made. According to Wikipedia, the war rug tradition of Afghanistan has its origins in the decade of the Soviet occupation of 1979 and has continued through subsequent military, political and social conflicts. When appraising these Persian rugs it is always a reminder of those who lost their lives in war.


WAR RUG - AFGHANISTAN - 1989 SOVIET OCCUPATION


When you look at Persian rugs, some price tags seem to defy reason. Not so the maps of Afghanistan and Iraq surrounded by tanks, planes, helicopters, rocket launchers and soldiers. Many of these took up to a year to make but remain affordable.




WAR RUG - AFGHANISTAN WORLD WAR I ERA


Even as early as the 1920s, scenes of air intrusion into otherwise lush and peaceful settings became subjects of carpet weavers. Note the flowers and scrolls in the bordering that became simplified in the later War Rugs.



The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net


Personal Property Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.





Images courtesy of: http://thetrimandbleed.com/war-rugs-of-afghanistan/
http://www.warrug.com/warrugs/styles.php, Textile Museum of Canada

Keywords for this article: rug, carpet, appraise, Florida, war rug, wikipedia, Persian, Iraq, Afghanistan, St Lucie Appraisal

Updated 06-20-2013
Updated 09-11-2013