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Arkansas Appraisers

Real estate appraisal is the practice of developing an opinion of the value of real property, usually its Market Value. (Real estate appraisal is American usage; many other countries use the terms property valuation or land valuation.) The need for appraisals arises from the heterogenous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location - which is the most important determinant of their value. So there cannot exist a centralised Walrasian auction setting for the trading of property assets, as there exists for trade in corporate stock. The absence of a market-based pricing mechanism determines the need for an expert appraisal/valuation of real estate/property.

A real estate appraisal is performed by a licensed or certified appraiser. If the appraiser's opinion is based on Market Value, then it must also be based on the Highest and Best Use of the real property. For mortgage valuations of improved residential property in the US, the appraisal is most often reported on a standardized form, such as the Uniform Residential Appraisal Report.

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  • Appraisal Service of Arkansas - Provides appraisals for insurance companies, fleet services, leasing companies, attorneys, banks, estates and individuals.
  • Arkansas Appraisal Associates - Full service residential, commercial, and FHA real estate appraisals for the state of Arkansas.
  • Kaiser Appraisal Company - Profiles real estate appraisal company serving the Little Rock and Central Arkansas area since 1977.
  • Lang Appraisals - Covers all of Garland County. Services listed and customer referrals provided. Surveying all types of property.
  • Terry Frierson Appraisals - Profiles provider of real estate appraisal services for the Northeast Arkansas area. Performs single family residential, condominium, 2 to 4 family residential, multi-family residential, vacant lots or land, commercial, industrial and farm appraisals.

    • Arkansas' gross domestic product for 2005 was $87 billion. Its per capita household median income (in current dollars) for 2004 was $35,295, according to the U.S. Census Bureau. The state's agriculture outputs are poultry and eggs, soybeans, sorghum, cattle, cotton, rice, hogs, and milk. Its industrial outputs are food processing, electric equipment, fabricated metal products, machinery, paper products, bromine, and vanadium.

    Several global companies are headquartered in the northwest corner of Arkansas, including Wal-Mart (the world's largest public corporation by revenue in 2007), J.B. Hunt and Tyson Foods. This area of the state has experienced an economic boom since the 1970s as a result.

    In recent years, automobile parts manufacturers have opened factories in eastern Arkansas to support auto plants in other states. Additionally, the city of Conway is the site of a school bus factory.

    Tourism is also very important to the Arkansas economy; the official state nickname "The Natural State" was originally created (as "Arkansas Is A Natural") for state tourism advertising in the 1970s, and is still regularly used to this day.

    Major corporations headquartered in Little Rock include Alltel, Dillard's Department Stores, Windstream Communications and Acxiom. Additional large companies headquartered in Little Rock include Metropolitan National Bank, Rose Law Firm, Nuvell Financial Services, Central Flying Service and Stephens Inc. Large companies headquartered in other cities but with a large presence in Little Rock include Dassault Falcon Jet and Raytheon Aircraft Company near Little Rock National Airport in the eastern part of the city, and Fidelity National Information Services in northwestern Little Rock. Non-profit organizations include Association of Community Organizations for Reform Now, Heifer International, Lions World Services for the Blind, William J. Clinton Foundation, Winthrop Rockefeller Foundation, Audubon Arkansas, The Nature Conservancy, and Winrock International.

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    Uniform Residential Appraisal Report

    A Uniform Residential Appraisal Report or URAR is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single family dwellings or single family dwellings with an "accessory unit". It is also suitable for a building in a planned unit development (PUD) but is not meant to be used for appraisals of manufactured homes or condos.

    since statehood.