Phoenix Valuations: A Deep Dive into Residential Appraising with Andrew Turley

Recently, Modern Law had the pleasure of hosting Andrew Turley from Phoenix Valuations for a CLE lunch and learn session. The insights he shared about the appraisal industry, especially in the context of legal support, were invaluable. Here's a recap of the enlightening session.

Phoenix Valuations: Not Your Average Appraisal Firm

Phoenix Valuations has a unique position in the appraisal industry. With 21 years of experience, Andrew has seen it all. The firm specializes in complex property evaluations, ultra-luxury, high-end properties, expert witness, and tax work. Their experience isn't just limited to appraising; they've also been involved in forensic appraisal fraud reviews, working closely with institutions like Chase Bank and even liaising with the FBI.

Why Phoenix Valuations Stands Out

One of the standout features of Phoenix Valuations is their commitment to producing robust, credible, and defensible appraised values. Their reports are meticulously crafted, often containing between 9 and 12 comparable sales, as opposed to the typical 3 to 4 found in most appraisals. This depth ensures that their evaluations hold up under scrutiny.

Another distinguishing factor is their operational structure. Unlike many appraisers who juggle multiple roles, Phoenix Valuations boasts a dedicated operations manager, Kathleen Eggimann . She ensures seamless communication with clients, setting clear expectations and always being available for queries.

Expert Witness Work

Andrew's experience on the stand as an expert witness is another feather in Phoenix Valuations' cap. He understands the nuances of providing testimony, ensuring it's authoritative without being overbearing. His background, influenced by his father's litigation experience, has equipped him to handle the courtroom's pressures with finesse.

The Current State of the Housing Market

A highlight of the session was Andrew's take on the current housing market. He delved into the rapid rise in interest rates and its impact on market participation. While the luxury market remains strong, the traditional mortgage market has seen stagnation. However, Andrew remains bullish about Arizona's real estate future, given the state's consistent growth and expanding GDP.

In Conclusion

Phoenix Valuations offers more than just appraisals; they offer peace of mind. Their commitment to accuracy, transparency, and robust reporting makes them an invaluable partner for anyone seeking to protect their assets in the realm of residential real estate.

For those interested in deeper insights into the Phoenix Metro market, Andrew recommends visiting the Phoenix Valuations website, where they regularly update market conditions and provide a wealth of information.

Modern Law extends its gratitude to Andrew Turley for sharing his expertise. We look forward to future collaborations and continuing to provide our clients with top-tier resources and insights!