Metro-West Appraisal Special Announcement
20 Years & Still Growing
In this Issue
Featured Article
State Spotlight
What's News
Appraiser Funny Story
Fun Zone

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Metro-West Appraisal Co., LLC
World Appraisal, Inc.
20 Years of Excellence, Metro-West Appraisal Co., LLC10 Years of Excellence, World Appraisal, Inc.
 

The History of 1987:

  • Ronald Reagan was our 40th President
  • The average household income was $26,000
  • A 30 Year Fixed Rate Mortgages fluctuated between 9-11½ %
  • Appraisal fees were $250-$350 (hmmm…they still are)
  • The stock market crashed in October on Black Monday
  • Gas was 95¢ per gallon
  • A postage stamp was 22¢ for a first class letter
  • There were smoking and non-smoking sections on airplanes
  • “Wall Street” and “Fatal Attraction” were among America’s favorite box office hits
  • The TV show “Married with Children” made its debut on the new Fox network
  • MC Hammer’s debut album was released
  • You might as well face it because Robert Palmer won a Grammy for “Addicted to Love”
  • “With or Without You” by U2 was a Billboard Top Hit
  • And Metro-West Appraisal opened its doors

We began in a smoke filled, three-man, 1,000 square foot Livonia, Michigan office that serviced only three counties. And now (20 Years Later): over 85 employees, five locations, and 38 counties with more to come. Our sister company, World Appraisal, is celebrating their 10th year in business. With both companies we are able to service all 3,077 counties, parishes, and boroughs of the United States.

As we celebrate our 20th year in business, I would like to take this opportunity to thank our 2,500+ clients for their support and loyalty, as well as our 400+ team members for their hard work and dedication. For the past 20 years we have provided over 350,000 quality and timely residential appraisals to our clients throughout the country.

We look forward to expanding our national coverage area over the coming months and once again we offer a thank you to everyone for supporting our growth and progress!

Donald A. Rousseau, CREA
President

 
State Spotlight - North Carolina
In a Yearlong Housing Downslide, Charlotte Keeps Getting Better

By Kate Snow and Eileen Murphy – ABCNews.com

June 12, 2007 – Charlotte, N.C., real estate broker and land developer Carl Fochler has watched this southern city change from place to place with sleepy country roads to bustling, sprawling city.

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What's News
Zillow and 'Zona Duel over Zestimates

The real estate Web site is wrangling with Arizona regulators about the blurry line between official appraisals and online evaluations

By Peter Coy - BusinessWeek.com

Zillow.com is one of the most popular real estate sites on the Web, but it's not well-liked at the Phoenix headquarters of the Arizona Board of Appraisal. The board is ordering it not to provide "Zestimates" on the value of homes in 'Zona on the grounds that it isn't a licensed appraiser in the state.

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Appraiser Funny Story
I went out to do an appraisal that was to be COD. The fee for this assignment was $375.00. After the inspection I said, “I just need to get the COD and I will be out of your way. “ The homeowner asked how much and I replied, “three seventy-five.” The homeowner said he would be right back with the cash.

A couple of minutes pass by and the homeowner returns with $3.75. That’s right; he interpreted the “three seventy-five” to mean three dollars and seventy-five cents. I didn’t know what to say. I thought it was a joke at first, but quickly realized the homeowner literally thought the appraisal was $3.75. Embarrassed for the homeowner I said, “I think you’ve misunderstood the fee is three hundred and seventy-five dollars. The owner felt ridiculous and needless to say he did not have that much money lying around. They ended up putting the fee in the closing so the appraisal could get done.
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Fun Zone
Sudoku Puzzle | Click here for Rules | Click here for answers to this puzzle

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Contact Us
     
Metro-West Appraisal Co., LLC World Appraisal, Inc.
   
Metro-West Appraisal World Appraisal
   
Visit us today at: www.MetroWestAppr.com

For more information please email us at info@metrowestappr.com
Visit us today at: www.WorldAppraisal.com

For more information please email us at info@worldappraisal.com
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