Appraisal Associates Celebrates 35 Years of Serving the Panhandle
09/19/2009

Bobby Hutchison, a Destin real estate entrepreneur celebrates 35 years in business as owner of Appraisal Associates.

Online PR News – 19-September-2009 – – Destin, Fla. – Appraisal Associates has offered real estate appraisal services to the area since 1974 and is going strong in its 35th year. Appraisal Associates provides appraisal services for pre-listings, appraisal reviews, primary and secondary mortgages, divorce settlement, mortgage refinancing and more in Okaloosa, Walton, Bay and Santa Rosa counties.

The owner, Bobby Hutchison, is a long-time Destin resident and was trained by his father, one of the first appraisers on the Emerald Coast and his great uncle, Fort Walton Beach’s first President of the Board of Realtors. Hutchison co-authored “The Hutchison Report,” an extensive ongoing study on the housing and condominium markets in the Panhandle. In 1974, Hutchison was designated as Florida’s youngest licensed real estate appraiser. Soon after, the American Institute of Real Estate Appraisers (AIREA) awarded him a scholarship to the University of West Florida. In 1990, Hutchison was one of the first to receive the state of Florida appraiser certification license.

Though Appraisal Associates’ basic mission has remained the same over 35 years, Hutchison notices changes in customer needs based on the current economy.

“Wise consumers are requesting appraisals for properties they are considering purchasing, rather than calling after words just to make sure they’ve made the right decision,” Hutchison says.

Currently, Appraisal Associates focuses on single family and condominium valuations. Customers who request these reports typically use them for bank loans, estate matters, partnership dissolutions and financial statement updates. Due to recent reductions in real estate values, Hutchison finds that property owners are requesting assistance in reducing over stated property values, which are reported in Ad Valorem Tax assessments.

Though a lot has changed in 35 years, Hutchison says his business has not. Appraisal Associates continues to meet the needs of Northwest Florida residents through a challenging economy, just as it has since 1974. Appraisal Associates is located at 12598 Emerald Coast Parkway; Suite 201 in Miramar Beach. To contact the office, call (850) 654-0810 or e-mail bobby@hutchoffices.com.