About

Mr. Willey, with over 25 years of real estate experience, has appraised numerous complex properties throughout Texas. Commercial appraisal specialties include; subdivisions, mobile home parks, auto dealerships, golf courses, mini-warehouses, office buildings, shopping centers, medical facilities and apartments. Rural and residential specialties include; single-family residences, farm & ranch property, and timberland. In addition, Mr. Willey has completed right-of-way valuations, litigation appraisal and testimony for estates, attorneys and governmental agencies. He has participated since 1995 in the ratio study conducted by the State Comptroller of Texas for school district funding. The study performs random reviews and audits of various appraisal districts in Texas, incorporating standard appraisal techniques, as well as State mandated methods of analysis. He has also provided training to the staff appraisers of the Property Tax Division of the State Comptroller of Texas. He is certified as a fee appraiser for the Texas Department of Transportation and experience includes the appraisal of railroad corridors and highway right-of-ways. Mr. Willey is also a Certified Appraiser in the State of Louisiana.

APPRAISAL STAFF

Linda Willey, Executive Vice President

Rhonda D. Bradley, Vice President - Quality Control & Compliance

Ryan B. Fentem, Vice President - Appraisal Division

Kevin Cashman, Certified Residential Appraiser

Kim Giles, Licensed Appraiser

Mac McElyea, Licensed Appraiser

Kristin Fentem, Licensed Appraiser

Julie Coombs, Licensed Appraiser

Kathy Duguay, Trainee

Kerri Chaney, Licensed Appraiser

Matt Lambeth, Certified Residential Appraiser

Kristine Cross, Residential Coordinator

Brandon Hines, Trainee

Bill Degler, Licensed Appraiser

Mike Brakefield, Certified General Appraiser

Myth: Assessed value should equate to market value.
Reality: While most states support the concept that assessed value approximates estimated market value, this often is not the case. Examples include when interior remodeling has occurred and the assessor is unaware of the improvements, or when properties in the vicinity have not been reassessed for an extended period.

Myth: The appraised value of a property will vary, depending upon whether the appraisal is conducted for the buyer or the seller.
Reality: The appraiser has no vested interest in the outcome of the appraisal and renders services with independence, objectivity and impartiality - no matter for whom the appraisal is conducted.

Myth: Market value should approximate replacement cost.

Reality: Market value is based on what a willing buyer likely would pay a willing seller for a particular property, with neither being under pressure to buy or sell. Replacement cost is the dollar amount required to reconstruct a property in-kind.

Myth: Appraisers use a formula, such as a specific price per square foot, to estimate the value of a home.
Reality: Appraisers make a detailed analysis of all factors pertaining to the value of a home including its location, condition, size, proximity to facilities and recent sale prices of comparable properties.

Myth: Because consumers pay for appraisals when applying for loans to purchase or refinance real estate, they own their appraisal.
Reality: The appraisal is, in fact, legally owned by the lender - unless the lender "releases its interest" in the document. However, consumers must be given a copy of the appraisal report by the lender, upon written request, under the Equal Credit Opportunity Act.