- 4 May, 2004 -

ELLIOTT & Company Appraisers, which for several years has been performing real estate appraisals in all 50 states, now offers appraisals worldwide. "ELLIOTT & Company Appraisers is expanding internationally in order to follow the lead of our clients and worldwide mortgage markets which are becoming more prevalent in other countries outside the United States," said Charlie W. Elliott Jr., the company's president. "Some of our clients in this country are expanding internationally. Furthermore, we have foreign banks, including Canadian ones, here in this country." Elliott said that the company is becoming international by expanding its network of appraisers, that it already has, into a worldwide network. Currently, the company has a network of over 2,000 appraisers and over 5,000 clients. "We have always been a company that covered a large geographic footprint," Elliott said. "We began as a small company covering several counties from our original headquarters in North Carolina. Later, we expanded to become a statewide, then a multi-state operation, and eventually a national operation. Becoming a worldwide company is just another extension of our expansion." The company plans to begin its international operations in countries most similar in economic structure to the U.S.A. "I would say we expect some of the larger and more developed countries to be providing most of the business in the beginning," Elliott said. "As we grow, we expect to expand into smaller and less developed countries." This international move is a natural progression for a company that has been in business since 1980. The secret to the success of ELLIOTT & Company Appraisers' ability to produce appraisal service over a large geographic area is that of having relationships with some of the best and most professional appraisers in the industry, located in areas distant from its Central Office in Greensboro, N.C. "The world is taking the lead of the United States in the mortgage industry, and they're adapting our format, our templates and our system," Elliott said. "They're fine tuning it a little bit to fit their needs. There are differences in the ways properties are evaluated in other areas of the world, and we are prepared to meet this challenge."

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