Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
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Sunday, February 23, 2025

Why You Need a Post Fire Real Estate Appraisal by Mary Cummins Real Estate Appraiser

Mary Cummins, post-fire appraisals, real estate appraiser, altadena, pacific palisades, eaton fire, palisades fire, los angeles, california, appraisal, pre-fire appraisal

The purpose of a post-fire real estate appraisal is to determine the exact pre and post-fire values of your property so you can make informed decisions. These values are needed for a variety of reasons. The reasons range from investment decisions, calculating an IRS casualty loss for your taxes, negotiating with your insurance adjuster, property tax appeal and evidence for a lawsuit. Below are just a few more reasons why you need a post-fire appraisal

  • Investment decisions to sell or rebuild
  • Pre listing market analysis
  • IRS casualty loss
  • Insurance settlement
  • Evidence for lawsuit
  • Property tax appeal
  • Short pay mortgage
  • Buy out family member

The process begins with a physical inspection of the property to determine fire damage, specific location in the neighborhood and the view from the site. Some properties may only have interior smoke/ash damage, exterior soot staining, damage from heat while others are totally destroyed. Some damage can be remediated while other properties must be completely rebuilt.

The next stage is the collection of all relevant data. Homes that have been completely destroyed will need forensic reconstruction to determine size, construction type and quality. This data includes pre-fire satellite map images, previous MLS listings, Building and Safety Department records, recorded building plans, old photos of structures and looking at the property footings. The appraiser also searches all public records and MLS databases for comparable land and homes which have sold or are/were active listings before and after the fires.

After all the data is collected the appraiser writes a full appraisal report with exhibits, photos, plans, permits with detailed research and analysis. The appraiser then determines the value based on the cost to replace the structure and/or remediate damages. The appraiser also determines what the property would have sold for the day before the fires and in it’s current condition after the fires. 

Order your post-fire appraisal today. The cost starts at $450 for average sized home but can be more for larger more complex properties. The process takes a week from time of inspection. We already have contractor permits to enter Pacific Palisades and Altadena fire zones as we've been doing these appraisals for the last month. Mary Cummins has been doing post-fire appraisals for over 20 years and has been a licensed certified insured appraiser for over 40 years in Los Angeles County, California. The appraisal should be ordered before the debris is removed.

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*****

Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.


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