Do you really need a commercial appraiser (Certified General Appraiser) to appraise your agriculture land / farm land in southwest Missouri?
For clarification sake, Missouri essentially has two classifications of appraisers:
***Missouri does have a State Licensed Appraiser classification but they are being phased out by most in the industry and they are prohibited from doing FHA/USDA assignments and anything over $1,000,000. There are only about 100 of these licensee's in the entire state.***
In 2008 the Missouri Real Estate Appraisers Commission passed a statute identifying Certified General Appraisers (commercial appraisers) as the ONLY appraiser class that can appraise real estate with a highest and best use other than residential.
Although not specifically stated in the statute because the Highest and Best Use is not always in direct correlation with lot size, the generally accepted acreage guideline for appraisers in the state of Missouri is 40 acres. Any appraiser in the state who is appraising agriculture land, hobby farms, farm land and not operating under a Certified General Appraiser or are not themselves a Certified General Appraiser are most likely violating state statute.
As a property owner, how do you know if you are hiring the right appraiser for the job? Here are a few guidelines that may help:
Commercial appraiser's are all different and each typically have there own niche or specialty. Fee's for appraisals of agricultural properties in southwest Missouri can vary drastically depending on the acreage, improvements and income that has to be analyzed.
Hopefully this web page will give you some helpful information on deciding which appraiser is right for you. If you have any questions, please feel free to call Sean Sutton at (417) 865-8811.