About Us
Edgewater Appraisal began its service to the residential lending community in 1991, as a new branch of Budget Real Estate Appraisers, in Mount Vernon, Washington. Two appraisers opened that branch that centered in Whatcom, Skagit and Island counties in northwest Washington State. In 1993, the parent Budget Appraisers sought to change its corporate direction into mortgage lending and Richard Storgaard acquired the branch, relocated to Whatcom County, and incorporated under the Edgewater Appraisal name. Our present service area concentrates on Whatcom and Skagit counties. Richard Storgaard is now retired and Daniel Storgaard operates his own corporation under a licensed DBA as Edgewater Appraisal. Edgewater Appraisal is a current member of the Multiple Listing Service.
Richard D. Storgaard
Dick Storgaard (1938-2020) was a Washington State native, graduate of Washington Military Academy, and retired in 1992, at the rank of Colonel from the US Air Force.
Prior to his Air Force retirement, Dick Storgaard entered real estate as a “next career”. That led quickly into the appraisal field. He was also a Life Member of the Air Force Association and the Reserve Officers Association.
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Dick’s ongoing professional education includes:
Appraising for FHA, 2008, 7 hrs
USPAP updates, 2008, 7 hrs
Mortgage & Appraisal Fraud, 2007, 3 hrs
Real Estate Pricing Trends, 2007, 3 hrs
Site & Building Inspection, 2007, 16 hrs
USPAP updates, 2007, 7 hrs
New Fannie Mae Forms, 2005, 8 Hours
USPAP Update, 2005, 7 Hours
Real Estate Fraud, 2005, 3 Hours
Disciplinary Matrix Validation, 2005, 3 Hours
Mobile/Manufactured Home Appraising, 2004, 8 hours
Log Home Appraising, 2003, 8 hours
Appraising Waterfront Properties, 2003, 8 hours
Scope of Work, 2003, 8 hours
USPAP updates, 2003, 7 hours
USPAP updates, 2001, 15 hours
Internet Appraisal Practice, 2000, 15 hours
USPAP updates, 1999, 15 hours
Limited Scope Appraisals, 1999, 8 hours
High Technology Appraisals, 1997, 11 hours
Affordable Housing Valuation, 1997, 7 hours
HUD 203k Program, 1997, 7 hours
Meet the Client, 1997, 4 hours
Alternative Residential Value Reporting, 1997, 7 hours
Appraiser’s Legal Liabilities, 1996, 4 hours
Appraiser to Underwriter, 1995, 15 hours
Eminent Domain, 1995, 5 hours
FIRREA updates, 1995, 4 hours
Income Approach to Appraising, 1994, 15 hours
Washington State Real Estate Law, 1994, 30 hours
Residential Real Estate Appraisals, 1994, 30 hours
Uniform Standards of Professional Appraisal Practice (USPAP), 1991, 18 hours
Real Estate Appraisal Fundamentals, 1991, 36 hours
Real Estate Brokerage & Sales Management, 1990, 30 hours
Real Estate Sales, 1987, 40 hours
Real Estate Fundamentals, 1987, 30 hours
Daniel J. Storgaard
Dan Storgaard joined the firm in 1999 and quickly completed the requirements to become a Washington State Certified Residential Appraiser. Born and raised in Milwaukie, Oregon, desires for a career in real estate became evident in high school. Dan was enjoying his passion for classic and custom cars when he began his real estate education in 1994 at the age of 21. Though the journey seemed long at the time, a steadfast conviction for a career change led to his moving north to work for, and be mentored by, his uncle.
Dan, his wife, Heidi, and young daughters live in the Laurel area north of Bellingham. Dan still loves to work on old cars, and the family is active in ministry at Christ the King Community Church in Bellingham.
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USPAP updates, 2014, 2012, 2010, 2008, 2005, 2004, 2002, 7 hours ea.
Application of Regression Analysis, 2012, 7 hours
Intro to Complex Appraisal Assignments, 2012, 7 hours
Loss Prevention for RE Appraisers, 2011 4 hours
Uniform Appraisal Dataset (UAD), 2011, 3 1/2 hours
NWMLS Stats & the 1004MC, 2011, 3 hours
Appraising FHA Today, 2010, 7 hours
Green Building “Nuts and Bolts” for Appraisers, 2010, 3 hours
Defining Market Value and Adjusting for Concessions, 2010, 3 hours
AMCs; Operation, Federal Law, and Appraiser Protection, 2010, 3 hours
Market Trend Analysis & the 1004MC, 2009, 7 hours
Private Appraisal Assignments, 2008, 7 hours
Appraising for FHA, 2008, 7 1/2 hours
Appraisal Trends, 2008, 7 hours
Red Flags, Property Inspection Guide, 2006, 7 hours
Residential Site Valuation and Cost Approach, 2006, 15 hours
The Appraisal of Foreclosure/REO Properties, 2004, 7 hours
Relevant Characteristics of Real Estate, 2004, 7 hours
Mobile/Manufactured Home Appraising, 2004, 8 hours
Real Estate Investments, 2002, 15 hours Discounted Cash Flow, 2000, 15 hours
Washington Real Estate Law, 2000, 30 hours
Uniform Standards of Professional Appraisal Practice (USPAP), 1999, 15 hours
Residential Appraisal, 1999, 30 hours
Basic Principals of Appraising, 1999, 30 hours
Oregon Real Estate Law, 1998, 30 hours
Real Estate Finance, 1998, 30 hours
Real Estate Appraisal I, 1994, 30 hours
Real Estate Practices, 1994, 30 hours
Intro to Real Estate, 1994, 30 hours