This blog post shall help explain the nuances of appraising real estate on the island of Catalina. I've been contacted recently by several AMCs regarding appraisals on Catalina Island. Apparently clients who request these appraisals are having difficulty finding qualified appraisers on the island.
I am an appraiser that is qualified and knowledgeable enough to appraise single family and 2-4 multi-unit properties located on the island. I must caution clients out there that properties on Catalina are non-standard appraisals that do not carry the typical, standard SFR fees they may be used to on the mainland market. Unless you are based on the island, which I am not because it is not a viable business model option, the time and cost of transportation to and from the island is but one factor in the cost of the assignment. Transportation once on the island is another expense, and since the island does not have building records, additional time may be required researching LA County records on the mainland.
Avalon and Two Harbors are beautiful destinations if you are vacationing and they take on a different dynamic if you are there assessing property values. If you need a real estate appraiser to evaluate property values on Catalina Island, please do not hesitate to contact me.
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