Sinkhole Appraisals in Dunedin, Port Richey, Tampa, Seminole, St. Pete and beyond.
When property damage occurs, your claim could be denied or you could be pressured to accept an offer that is far less than what you deserve. At Priority Appraisal and Mortgage Services our certified appraisers understand these issues and are prepared to assist you.
In Florida, limestone caverns deep in the Earth that are generally filled with water can become shallow or dry out and when this happens those caverns can no longer support the land near the surface; this results in a depression in the earth, and that depression could become a sinkhole. The size of a sinkhole varies and so do the effects that they can have on property values.
If property is repaired because of sinkhole damage and there is an accompanying certified engineering report that certifies treatment of the sinkhole, the property may or may not suffer a substantial loss in value.
Adversely, a property that has undergone only cosmetic repair and no sinkhole treatment will suffer a loss in value. How much property loss can only be determined by a licensed property appraiser who can account for the all of the damage that has occurred to the home. The appraiser reduces the value based on the current market conditions, the damage done and the required structural repairs. The range could be anywhere from a few thousand dollars to tens of thousands of dollars depending on the amount of the damage.
Priority Appraisal and Mortgage Services has years of experience in dealing with sinkhole appraisals including insurance adjusters and engineers.
If you are in need of an appraisal due to a sinkhole, contact us.
Priority Appraisal and Mortgage Services, Inc. 7347 Newburns Place New Port Richey, FL 34655 (727) 505-6706 (727) 232-6153