Events which reduce the value of a property sometimes
necessitate an appraisal measuring this reduction. Examples of situations
typically requiring a Diminution in Value (DIV) Appraisal are condemnation
actions and title claims. A DIV Appraisal is a complex appraisal which
typically consists of three values. These values are listed within the scope of
work of most appraisals as Unimpaired Value, Impaired Value and Diminished
Value. Diminution in Value Appraisals, are a specialized form of appraisal that
must be performed by an appraiser with the knowledge and experience necessary
to produce a credible value conclusion. Most appraisers will not have the
experience and skill level to perform a DIV.
ELLIOTT® & Company Appraisers has performed hundreds of
DIV appraisals all over the country. We are prepared to offer DIV service
throughout the United States. Contact us for a preliminary consultation
concerning your DIV Appraisal needs.