FAQs

We're glad you're here. Maxwell, Hendry & Simmons is a valuation services company with a core competency in real estate market analysis. We perform appraisals and consulting services for both residential and commercial properties.

FAQs2023-07-28T11:11:19-04:00

FAQs to help you get the information you need quickly!

What is USPAP?2023-01-13T12:35:03-05:00

USPAP stands for the Uniform Standards of Professional Appraisal Practice and can be considered the “Bible” for real property appraisers. USPAP is adopted by the FREAB (Florida Real Estate Appraisal Board) as the standards of practice under DBPR (Department of Business and Professional Regulation), making them enforceable from a compliance standpoint.

Moreover, USPAP sets forth the standards for conducting appraisals and reviews. The USPAP publication is updated every two years and must be reviewed by all real estate appraisers in order to maintain their certification or license.

Certified General Real Estate Appraiser2024-07-02T14:09:33-04:00

Job Summary

We are seeking a full-time certified general real estate appraiser! The ideal candidate will have proficiency with performing commercial appraisals and is comfortable with modern technology. The candidate must be a problem solver, critical thinker, and competent in both oral and written communication.

This position will involve completing appraisal and consulting assignments for commercial properties and land in Southwest Florida, with a focus on performing market analysis and clearly communicating assignment results.

Responsibilities and Duties

  • Review engagement letters and work files for assignment elements and supplemental standards
  • Coordinate and perform inspections of properties
  • Obtain property information from clients, property owners, agents, etc.
  • Research and analysis for appropriate market analysis and development of approaches to value
  • Reconciliation of market analysis and valuation approaches
  • Report preparation through industry-leading software
  • Manage workflow consistent with deadlines

Requirements

  • Competency with appraisal research sources
  • Certified General Appraiser license in the State of Florida
  • Strong time-management skills
  • Goal oriented, self-motivated, and highly organized
  • Critical thinking, evaluation, and analytical skills
  • Excellent verbal and written communication skills
  • Aptitude for learning new software and systems

Preferred Skills

  • Experience with non-finance appraisal assignments
  • Familiarity with commercial appraisal report-writing software
  • Proficiency with performing analysis in Microsoft Excel

Expectations

The ideal candidate can work on multiple assignments, has good awareness and relationship skills, and is ready to join a team that holds each other accountable. Our team members meet regularly which allows us to learn and grow together. The successful candidate should be driven by a curiosity for problem-solving and can effectively communicate their professional opinions assignment results.

The most important things we expect are openness, honesty, communication, and a sincere desire to be excellent.

Benefits

This is a full-time position in Southwest Florida, offering the opportunity to grow personally and professionally, and includes a full benefits package as well as E&O insurance coverage and access to all necessary resources to complete assignments. Compensation is a fee-split based on experience.

Job Type: Full-time

Pay: $75,000 – $125,000 per year

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Flexible schedule
  • Health insurance

Schedule:

  • Monday to Friday

Supplemental pay types:

  • Bonus opportunities
  • Commission pay
Certified Residential Real Estate Appraiser2024-07-02T14:08:39-04:00

Job Summary

We are seeking a full-time certified residential real estate appraiser! The ideal candidate will have proficiency with appraisal software and is comfortable with modern technology. The candidate must be a problem solver, competent in both oral and written communication.

This position will involve completing appraisal and consulting assignments for residential properties and vacant land in the Southwest Florida market area with a focus on market analysis and clear communication of assignment results.

Responsibilities and Duties

  • Review engagement letters and work files for assignment elements and supplemental standards
  • Coordinate and perform inspections of real property
  • Obtain property information from clients, property owners, agents, etc.
  • Perform property inspections utilizing current technology and defined procedures
  • Research sales and/or income data for appropriate market analysis
  • Report preparation through industry-leading software
  • Reconciliation of data and market analysis
  • Manage workflow consistent with deadlines

Requirements

  • Competency with computer-based appraisal software
  • Certified Residential Appraiser license in the State of Florida
  • Strong time-management skills
  • Self-motivated, highly organized, and detail oriented
  • Critical thinking, evaluation, and analytical skills
  • Excellent verbal and written communication skills
  • Aptitude for learning new software and systems

Preferred Skills

  • Experience working in the real estate and/or the financial sector
  • College degree or technical certificate
  • Valuation experience with non-finance assignments
  • FHA/HUD Certification

Expectations

The ideal candidate can work on multiple assignments, has good awareness and relationship skills, and is ready to join a team that holds each other accountable. Our team members meet regularly which allows us to learn and grow together. The successful candidate should be driven by a diligent curiosity for problem-solving and can effectively communicate assignment results.

The most important things we expect are openness, honesty, communication, and a sincere desire to be excellent.

Benefits

This is a full-time position in Southwest Florida, offering the opportunity to grow personally and professionally, and includes a full benefits package as well as E&O insurance coverage and MLS access. Compensation is a fee-split based on experience.

Pay: $65,000 – $110,000 per year

Benefits:

  • 401(k) matching
  • Dental insurance
  • Health insurance

Schedule:

  • Monday to Friday

Supplemental pay types:

  • Bonus opportunities
  • Commission pay
What Will Our Community Look Like After Rebuilding from Hurricane Ian?2023-03-07T15:45:41-05:00
How Does Flooding Affect Home Prices?2023-03-07T15:45:04-05:00
What is the Cost of Rebuilding a Home vs. Renovating After a Disaster?2023-03-07T15:44:35-05:00
What Does the FEMA 50% Rule Mean for Homeowners?2023-03-07T15:43:53-05:00
What Does the FEMA 50% Rule Mean for Future Renovations?2023-03-07T15:43:25-05:00
What Exactly is the FEMA 50% Rule?2023-03-07T15:42:56-05:00
What does TRIM Mean?2023-01-13T12:35:22-05:00

TRIM stands for “Truth and Knowledge” and is used to disclose the tax bill based on market value minus the traditional cost of sale from the seller side of the transaction (just value).

In other words, it takes market value into account but considers typical closing costs that would be incurred if a property were to sell. This allows for taxing only the net asset/proceeds value.

In Florida, it’s not mandatory that a seller pays the documentary stamp tax on the deed and other ancillary closing costs. However, this is customary for most sellers. The TRIM process takes these traditional costs into account when disclosing a tax bill, allowing for the assessment of just value to be based on net proceeds from a property sale.

This ensures that property owners are only taxed on the net value of their assets instead of having to pay tax on the gross market value. It allows for a fair assessment for everyone involved and helps to keep taxes in line with current market values.

Who We Are2023-07-28T11:09:13-04:00

Maxwell, Hendry & Simmons is a real estate appraisal and consulting firm based in Fort Myers, Florida. Founded over 40 years ago, our staff includes professionals with hundreds of years of licensed experience serving the Southwest Florida area.

Our services include residential and commercial appraisals as well as feasibility analysis, market studies, tax appeals, litigation support, and more. Most of our staff is certified by the state of Florida as certified residential or general appraisers.

Additionally, many hold professional designations from the Appraisal Institute (MAI or SRA). For questions regarding how we can help you with your real estate needs, contact us!

Private Appraisals & Structure Value2023-01-13T12:34:46-05:00

Appraising a private property for compliance with the FEMA 50% Rule involves extracting land value from the total property value, estimating the cost of site improvements and other structures, and assessing physical depreciation to determine the actual cash value of the non-conforming structure.

Appraisers have to use different processes and approaches depending on the situation. It’s important to be aware of all these methods and make sure that the best approach is taken for each particular case.

Ultimately, an accurate appraisal will help you make informed decisions about your property and ensure compliance with the FEMA 50% Rule.

Property Value & Hurricane Ian2023-01-13T12:34:27-05:00

The supply of housing units in Lee County has become even more constrained due to the damage caused by Hurricane Ian. However, it is still too soon to say how this will affect property values, as it’s only been a few months since the storm.

So far, the market appears to be performing well despite the disaster. However, it is important to keep in mind that the impact of any natural disaster can take years to be fully felt.

What is the FEMA 50% Rule?2023-01-13T12:34:03-05:00

The FEMA 50 Rule is associated with the National Flood Insurance Program and applies to non-conforming properties with a first-floor living area below current base flood elevation requirements.

It states that owners of these properties can only do up to $150,000 worth of work on them (based on the structure value), while it phases out over time in order to become compliant.

Structure value can be determined through private property appraisals, adjusted assessed structure values, actual cash values, or qualified estimates.

Municipalities help property owners understand their options and determine their numbers during this time, and they often don’t need private property appraisals for this purpose.

What is the Process for Commercial Real Estate Appraisals?2023-01-13T12:33:45-05:00

Commercial appraisal involves an income approach to value, using the rents and expenses associated with a property in order to determine its net operating income.

This net operating income is evaluated using a capitalization rate, or cap rate, which helps provide an assessment of the property’s value in comparison to other properties on the market.

The cost of a commercial real estate appraisal is typically between two and three thousand dollars, though this can vary depending on factors such as the size and scope of the appraised property.

When are Real Estate Appraisals Required?2023-01-13T12:33:19-05:00

Real estate appraisals are typically required when a mortgage company needs to determine the value of a property that is being used as collateral for a loan. Appraisers try to reflect the market and form credible opinions.

However, if a client is not satisfied with an appraisal, they can reach out to the appraiser directly or contact the lender and follow their rebuttal process.

Maxwell, Hendry & Simmons also provides services related to property tax appeal work. If a client has received their TRIM notice and isn’t pleased with the value listed on it, they can either challenge it themselves or engage Maxwell, Hendry & Simmons to do so on a contingent fee basis. This can be a much less time-consuming option for the client.

The services that we provide at Maxwell, Hendry & Simmons can help clients when they need to determine the value of their property, as well as appeal their property taxes. With our help, clients can make sure they are paying fair market value and have the best chance at a successful appeal.

What is an Estate Appraisal?2023-01-13T12:32:45-05:00

Estate appraisals are often needed when someone has passed away and an estate tax filing is required. This usually involves looking backward in time to find the value of the property as it was on the date of death.

Appraisals are also oftentimes needed for litigation due to disputes such as business-related, family law, contract disputes, or construction defects. Valuation work must be provided for these purposes in order for a resolution to be reached.

What is a Real Estate Appraisal?2023-01-23T14:58:49-05:00

A real estate appraisal is an opinion of a property’s value performed by a licensed appraiser in the jurisdiction, such as the state of Florida. Appraisals can be used for mortgage financing, tax purposes, building permits, and other compliance regulations, such as FEMA’s 50% rule.

Before starting the appraisal process, key information must be gathered to identify the appraisal problem, including who the client is and when it was requested.

Once this data has been collected, physical site inspections may be required, and additional research will need to be done to determine the property’s highest and best use before writing up an appraisal report.

What We Do2023-03-07T15:49:05-05:00

Contact us today!